Doximity Inc (DOCS)

Days of inventory on hand (DOH)

		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
Inventory turnover		—	8.80	17.94	14.36	10.45	9.26	—	—	—
DOH	days	—	41.49	20.34	25.41	34.92	39.43	—	—	—

March 31, 2024 calculation

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

The days of inventory on hand (DOH) for Doximity Inc has shown fluctuations over the past few quarters.

As of March 31, 2024, the DOH is not available, indicating a lack of precise data for that period. However, comparing the available data, the DOH was 41.49 days as of December 31, 2023, significantly higher than the prior quarter's 20.34 days as of September 30, 2023. This increase suggests that Doximity held inventory for a longer period before selling or using it in production.

The DOH improved to 25.41 days as of September 30, 2023, indicating that Doximity managed its inventory more efficiently during that period. However, the ratio increased to 34.92 days as of June 30, 2023, suggesting a potential buildup of inventory or slower inventory turnover during that quarter.

Before that, the DOH was 39.43 days as of March 31, 2023. The lack of figures for December 31, 2022, and the subsequent quarters limits our ability to provide a complete trend analysis.

In conclusion, the fluctuating DOH for Doximity Inc indicates varying inventory management practices and efficiency levels over the analyzed periods. Continuous monitoring and analysis of this ratio will be crucial for understanding the company's inventory control and operational performance in the future.