Doximity Inc (DOCS)

Inventory turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	55,874	50,669	53,490	39,787	31,196
Inventory	US$ in thousands	—	-42,609	5,118	—	5,856
Inventory turnover		—	—	10.45	—	5.33

March 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $55,874K ÷ $—K
= —

The inventory turnover ratio is a crucial financial metric that measures how efficiently a company manages its inventory. Looking at the data provided for Doximity Inc, we observe the following trends:

1. On March 31, 2021, the inventory turnover ratio was 5.33, indicating that, on average, Doximity Inc sold its entire inventory approximately 5.33 times during that fiscal year.

2. In the subsequent years, specifically as of March 31, 2022, 2024, and 2025, the data shows "N/A" values ("—"), suggesting that inventory turnover information was not available for these periods. The absence of data may indicate various reasons, such as changes in accounting practices, industry-specific issues, or data unavailability.

3. Notably, as of March 31, 2023, the inventory turnover ratio significantly improved to 10.45, which reflects a more efficient management of inventory during that particular fiscal year compared to the earlier period.

Overall, the fluctuation in inventory turnover ratios for Doximity Inc highlights the importance of monitoring and analyzing this metric to assess the company's inventory management effectiveness and operational efficiency over time. Additional context and information would be needed to fully understand the reasons behind the fluctuations and trends observed in the inventory turnover ratios.