Doximity Inc (DOCS)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	55,874	53,974	51,983	51,066	50,669	51,779	53,115	53,566	53,490	51,578	49,137	44,878	39,787	36,015	32,802	31,307	31,196	27,484	23,392
Inventory	US$ in thousands	—	—	—	0	—	5,886	2,960	3,729	5,118	5,572	—	3,610	—	5,060	3,107	4,103	5,856	0	—
Inventory turnover		—	—	—	—	—	8.80	17.94	14.36	10.45	9.26	—	12.43	—	7.12	10.56	7.63	5.33	—	—

March 31, 2025 calculation

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

Inventory turnover is a financial ratio that measures how many times a company's inventory is sold and replaced over a certain period. A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory levels.

Analyzing the inventory turnover of Doximity Inc based on the provided data, we observe that the ratio was not available for September 30, 2020, and December 31, 2020. The inventory turnover then gradually increased from March 31, 2021, to June 30, 2023, peaking at 17.94 on September 30, 2023.

Thereafter, the inventory turnover ratio decreased to 8.80 on December 31, 2023, and the data for March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024, was not available.

In conclusion, Doximity Inc's inventory turnover ratio has shown fluctuations over the analyzed period, with notable peaks and declines. The company experienced periods of efficient inventory management, as indicated by higher turnover ratios, intermixed with periods where the turnover ratio dropped, suggesting potential inventory management challenges or changes in sales patterns. It would be advisable to monitor the trend in inventory turnover to assess the company's inventory management performance continuously.