Doximity Inc (DOCS)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating income	US$ in thousands	163,878	125,108	113,536
Revenue	US$ in thousands	475,422	419,052	343,548
Operating profit margin		34.47%	29.86%	33.05%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $163,878K ÷ $475,422K
= 34.47%

Based on the data provided, the operating profit margin of Doximity Inc has shown a positive trend over the past three years. The operating profit margin was 33.05% in March 2022, increased to 29.86% in March 2023, and further improved to 34.47% in March 2024. This upward trend indicates that Doximity Inc has been effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of each dollar of revenue translating into operating profit. A rising operating profit margin is generally a positive indicator of profitability and operational efficiency for the company.