Doximity Inc (DOCS)

Inventory turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cost of revenue	US$ in thousands	50,669	53,490	39,787
Inventory	US$ in thousands	—	5,118	—
Inventory turnover		—	10.45	—

March 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $50,669K ÷ $—K
= —

The inventory turnover ratio for Doximity Inc as of March 31, 2023, was 10.45, indicating that the company turned over its inventory approximately 10.45 times during the year. This signifies that Doximity's inventory management was efficient, as a higher turnover ratio suggests that the company effectively sells and replenishes its inventory. Unfortunately, data for other periods is not provided, making it difficult to assess the trend or compare the ratio across multiple years. Moving forward, monitoring inventory turnover consistently can help assess operational efficiency and inventory management practices within Doximity Inc.