Doximity Inc (DOCS)
Cash conversion cycle
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 34.92 | — | 68.52 |
| Days of sales outstanding (DSO) | days | — | 79.56 | 93.24 | 86.14 | 88.77 |
| Number of days of payables | days | — | 16.23 | 8.68 | 4.25 | 17.73 |
| Cash conversion cycle | days | 0.00 | 63.33 | 119.48 | 81.89 | 139.56 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Doximity Inc has shown fluctuations over the years based on the provided data.
As of March 31, 2021, the cash conversion cycle stood at 139.56 days, indicating the time it takes for Doximity to convert its investments in inventory and other resources into cash flows from sales.
By March 31, 2022, there was a significant improvement in efficiency, with the cash conversion cycle decreasing to 81.89 days, suggesting better management of working capital and quicker conversion of resources into cash.
However, by March 31, 2023, the cash conversion cycle increased to 119.48 days, potentially indicating delays in the cash conversion process or changes in the company's operations impacting its liquidity.
A notable improvement was observed by March 31, 2024, with the cash conversion cycle significantly reduced to 63.33 days, signaling enhanced operational efficiency and faster conversion of resources into cash.
Interestingly, by March 31, 2025, the cash conversion cycle seemingly reached an optimal level of 0.00 days, implying that Doximity was able to convert its resources into cash almost immediately. This could signify a streamlined and highly efficient cash conversion process.
Overall, the trends in Doximity Inc's cash conversion cycle reflect varying levels of efficiency in managing working capital and converting resources into cash over the years, with notable improvements and fluctuations observed.
Peer comparison
Mar 31, 2025