Doximity Inc (DOCS)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	570,399	475,422	419,052	343,548	206,897
Receivables	US$ in thousands	—	103,632	107,047	81,073	50,319
Receivables turnover		—	4.59	3.91	4.24	4.11

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $570,399K ÷ $—K
= —

The receivables turnover ratio for Doximity Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.

In March 2021, the receivables turnover ratio was calculated at 4.11, which means that Doximity Inc collected its outstanding receivables approximately 4.11 times during the fiscal year. This ratio increased slightly to 4.24 by March 2022, suggesting a somewhat improved efficiency in collecting receivables.

However, by March 2023, the ratio decreased to 3.91, indicating a potential delay in collecting receivables compared to the previous year. The following year, in March 2024, the ratio notably increased to 4.59, signaling a more efficient collection of outstanding receivables.

It is important to note that there is no data available for March 2025. Overall, the trend in the receivables turnover ratio demonstrates some variability, with fluctuations that may reflect changes in the company's credit policies, customer payment behavior, or industry dynamics. Continual monitoring of this ratio can provide insights into Doximity Inc's effectiveness in managing its accounts receivable and liquidity position.