Doximity Inc (DOCS)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | ||
|---|---|---|---|---|
| Payables turnover | 22.49 | 42.05 | 85.93 | |
| Number of days of payables | days | 16.23 | 8.68 | 4.25 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.49
= 16.23
Doximity Inc's number of days of payables has shown an increasing trend over the past three years. As of March 31, 2024, the company took an average of 16.23 days to pay its suppliers, compared to 8.68 days in 2023 and 4.25 days in 2022. This suggests that Doximity Inc is taking longer to settle its accounts payable obligations, which may indicate potential liquidity constraints or changes in supplier payment policies. Companies often aim to strike a balance in managing their payables to optimize cash flow and maintain good relationships with suppliers. It would be important for stakeholders to monitor this trend to understand the underlying reasons and implications for the company's financial performance and operational efficiency.
Peer comparison
Mar 31, 2024