Doximity Inc (DOCS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 41.21 | 32.99 | 18.77 | 30.84 | 22.49 | 27.54 | 74.39 | 92.04 | 42.05 | 32.16 | 44.43 | 48.99 | 85.93 | 29.28 | 42.00 | 11.60 | 20.59 | 33.35 | — | |
| Number of days of payables | days | 8.86 | 11.06 | 19.45 | 11.84 | 16.23 | 13.25 | 4.91 | 3.97 | 8.68 | 11.35 | 8.22 | 7.45 | 4.25 | 12.47 | 8.69 | 31.48 | 17.73 | 10.94 | — |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 41.21
= 8.86
The number of days of payables for Doximity Inc has shown some fluctuations over the past few years. At the end of September 2020, the company did not provide data on its days of payables. Since then, the number of days of payables has ranged from a low of 3.97 days at the end of June 2023 to a high of 31.48 days at the end of June 2021.
During the most recent period up to March 2025, the number of days of payables has generally been trending downward, indicating that Doximity Inc has been taking less time to pay its suppliers. This could be a positive sign as it may suggest improved cash flow management or more efficient operations in managing its payables.
Overall, analyzing the trend in the number of days of payables can provide insights into the company's liquidity management, working capital efficiency, and vendor relationships. It is essential for investors and stakeholders to monitor this metric along with other financial ratios to assess Doximity Inc's financial health and performance effectively.
Peer comparison
Mar 31, 2025