Doximity Inc (DOCS)
Fixed asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 570,399 | 475,422 | 419,052 | 343,548 | 206,897 |
| Property, plant and equipment | US$ in thousands | — | — | 25,098 | 9,575 | 8,937 |
| Fixed asset turnover | — | — | 16.70 | 35.88 | 23.15 |
March 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $570,399K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its investment in fixed assets. In the case of Doximity Inc, the fixed asset turnover ratio has shown fluctuations over the years.
As of March 31, 2021, Doximity Inc had a fixed asset turnover ratio of 23.15, indicating that it generated $23.15 in revenue for every dollar invested in fixed assets. This ratio improved significantly by March 31, 2022, reaching 35.88, which suggests a more efficient utilization of fixed assets to generate revenue.
However, the fixed asset turnover ratio decreased to 16.70 by March 31, 2023, which may indicate a decrease in revenue generated per dollar of fixed assets. The data for March 31, 2024, and March 31, 2025, is not available (denoted as "—"), making it difficult to assess the trend in the following years.
Overall, the variation in Doximity Inc's fixed asset turnover ratio highlights fluctuations in the company's efficiency in using its fixed assets to generate revenue. Further analysis of the company's financial performance and investment strategies would be required to understand the reasons behind these changes.
Peer comparison
Mar 31, 2025