Doximity Inc (DOCS)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	570,399	550,168	516,849	493,629	475,422	468,331	448,309	436,882	419,052	401,739	384,353	361,518	343,548	316,582	277,415	243,178	206,897	176,564	150,281
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	24,523	24,921	—	25,876	26,541	22,944	9,575	9,810	8,774	8,710	8,937	9,186	—
Fixed asset turnover		—	—	—	—	—	—	18.28	17.53	—	15.53	14.48	15.76	35.88	32.27	31.62	27.92	23.15	19.22	—

March 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $570,399K ÷ $—K
= —

The fixed asset turnover ratio for Doximity Inc has exhibited significant fluctuations over the specified periods. Starting at a value of 19.22 on December 31, 2020, the ratio steadily increased to 35.88 by March 31, 2022, indicating that Doximity was generating $35.88 in revenue for every dollar invested in fixed assets. However, the ratio then decreased notably to 14.48 by September 30, 2022, suggesting a decrease in efficiency in utilizing fixed assets to generate sales revenue. Subsequently, the ratio slightly improved to 18.28 by September 30, 2023. Notably, during certain periods, such as March 31, 2023, and onwards, the fixed asset turnover information is unavailable, potentially due to data limitations.

The fluctuations in the fixed asset turnover ratio highlight the varying efficiencies in which Doximity is utilizing its fixed assets to generate revenue over time. It is crucial for Doximity to closely monitor and manage this ratio to ensure optimal utilization of its fixed assets and to enhance overall operational effectiveness.