Doximity Inc (DOCS)

Total asset 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
Total assets	US$ in thousands	—	1,079,370	1,136,890	991,357	251,719
Total asset turnover		—	0.44	0.37	0.35	0.82

March 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $570,399K ÷ $—K
= —

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. Looking at the data provided for Doximity Inc, we can observe a trend of total asset turnover ratios over the years as follows:

- As of March 31, 2021, the total asset turnover was 0.82, indicating that Doximity Inc generated $0.82 in revenue for every $1 of assets.
- By March 31, 2022, the total asset turnover decreased to 0.35, suggesting a decline in efficiency in utilizing its assets to generate revenue.
- This trend continued into March 31, 2023, with a slight improvement to 0.37.
- By March 31, 2024, the total asset turnover further increased to 0.44, indicating a better utilization of assets to generate revenue.

However, no data is available for March 31, 2025, which limits our ability to provide insight into the current total asset turnover ratio.

Overall, Doximity Inc's total asset turnover has shown fluctuations over the years, with a general trend of improvement in recent years. It is important for the company to continue monitoring and optimizing its asset utilization to ensure sustainable revenue generation and operational efficiency.