Doximity Inc (DOCS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 22.49 | 27.54 | 74.39 | 92.04 | 42.05 | 32.16 | 44.43 | 48.99 | 85.93 | ||||
| Number of days of payables | days | 16.23 | 13.25 | 4.91 | 3.97 | 8.68 | 11.35 | 8.22 | 7.45 | 4.25 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.49
= 16.23
Based on the data provided, Doximity Inc's number of days of payables has fluctuated over the past few quarters. The number of days of payables has ranged from as low as 3.97 days to as high as 16.23 days.
In the most recent quarter, as of March 31, 2024, the number of days of payables was 16.23 days, indicating that on average it takes Doximity Inc approximately 16 days to pay its suppliers. This represents an increase from the previous quarter where the number of days of payables was 13.25 days.
Looking back over the last few quarters, there seems to be variability in Doximity Inc's payment practices. The trend shows that the number of days of payables peaked in Mar 31, 2024, which may suggest that the company is taking longer to pay its suppliers compared to previous periods.
Overall, a detailed analysis of Doximity Inc's number of days of payables reveals fluctuations and trends in the company's payment practices, highlighting the importance of monitoring this metric for potential impacts on working capital management.
Peer comparison
Mar 31, 2024