Doximity Inc (DOCS)

Days of inventory on hand (DOH)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Inventory turnover		—	—	—	—	—	8.80	17.94	14.36	10.45	9.26	—	12.43	—	7.12	10.56	7.63	5.33	—	—
DOH	days	—	—	—	—	—	41.49	20.34	25.41	34.92	39.43	—	29.36	—	51.28	34.57	47.84	68.52	—	—

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Doximity Inc's days of inventory on hand (DOH) is a metric that indicates how long, on average, the company holds its inventory before selling it. Looking at the data provided, we can see fluctuations in Doximity Inc's DOH over the reporting periods.

From March 2021 to June 2023, there was a steady decline in DOH, indicating that the company was able to manage its inventory more efficiently during this period. This could be due to better inventory management practices, improved forecasting, or increased sales efficiency.

However, there was an increase in DOH from June 2023 to December 2023, suggesting a potential buildup of inventory or slower sales during this period. This increase could signal potential inefficiencies in inventory management or changes in market demand that impacted the company's ability to turn over inventory quickly.

Subsequently, from March 2024 onwards, the data indicates that DOH was not reported, which could suggest missing data or changes in reporting practices.

Overall, monitoring the trend of Doximity Inc's DOH is crucial in assessing the company's inventory management efficiency, as it can impact working capital, cash flow, and profitability. It is essential for the company to analyze the reasons behind fluctuations in DOH to optimize inventory levels and enhance operational performance.