Doximity Inc (DOCS)

Days of sales outstanding (DSO)

		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
Receivables turnover		4.59	4.72	4.53	4.63	3.84	5.17	4.74	4.64	4.17
DSO	days	79.56	77.30	80.62	78.89	95.16	70.56	76.96	78.67	87.62

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.59
= 79.56

Doximity Inc's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect payment after making a sale. Analyzing the DSO trend over the past few quarters reveals fluctuations in the efficiency of the company's accounts receivable management.

The DSO for Doximity Inc has shown some variability over the analyzed periods. In the most recent quarter, ending March 31, 2024, the DSO was 79.56 days, a slight increase from the prior quarter's DSO of 77.30 days as of December 31, 2023.

The DSO reached its peak at 95.16 days on March 31, 2023, indicating a longer collection period, which may have been influenced by factors such as delayed payments from customers or changes in sales terms.

It is essential for Doximity Inc to effectively manage its accounts receivable to ensure timely collections and optimize cash flow. By monitoring and potentially reducing the DSO, the company can enhance its liquidity position and overall financial performance. Further analysis and comparison to industry benchmarks or historical data could provide additional insights into the effectiveness of Doximity Inc's accounts receivable management.