Doximity Inc (DOCS)

Receivables 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
Revenue (ttm)	US$ in thousands	570,399	550,168	516,849	493,629	475,422	468,331	448,309	436,882	419,052	401,739	384,353	361,518	343,548	316,582	277,415	243,178	206,897	176,564	150,281
Receivables	US$ in thousands	128,354	137,504	124,793	123,510	101,332	97,584	97,217	92,922	107,047	74,862	79,236	76,021	81,073	69,823	55,681	45,990	50,319	46,714	—
Receivables turnover		4.44	4.00	4.14	4.00	4.69	4.80	4.61	4.70	3.91	5.37	4.85	4.76	4.24	4.53	4.98	5.29	4.11	3.78	—

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $570,399K ÷ $128,354K
= 4.44

The receivables turnover ratio reflects the efficiency of a company in collecting payments from its customers or clients. A higher turnover ratio indicates that the company is converting its accounts receivable into cash more quickly.

Analyzing the receivables turnover data of Doximity Inc from September 30, 2020, to March 31, 2025, we observe fluctuations in the ratio. The ratio started at an unspecified value in September 2020 and gradually increased over time, reaching a peak of 5.37 by December 31, 2022.

After December 2022, the ratio experienced some fluctuations, but generally remained around 4 to 5, indicating that Doximity Inc was maintaining a relatively efficient collection process. However, there was a slight decline to 3.91 by March 31, 2023, before rebounding and stabilizing between 4 to 5.

Ultimately, the last reported value for March 31, 2025, was 4.44, suggesting Doximity Inc was able to effectively manage its receivables turnover during this period. Overall, the trend indicates that Doximity Inc has been efficiently converting its accounts receivable into cash, with some minor fluctuations along the way.