Doximity Inc (DOCS)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	163,878	154,867	134,800	133,109	125,108	120,188	117,493	110,343	113,536
Revenue (ttm)	US$ in thousands	475,422	468,331	448,309	436,882	419,052	401,739	384,353	361,518	343,548
Operating profit margin		34.47%	33.07%	30.07%	30.47%	29.86%	29.92%	30.57%	30.52%	33.05%

March 31, 2024 calculation

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

Over the past nine quarters, Doximity Inc's operating profit margin has exhibited a relatively stable trend, fluctuating between 29.86% and 34.47%. The company has maintained a strong operating profit margin, with the highest margin recorded in March 2024 at 34.47% and the lowest in March 2023 at 29.86%. These variations indicate that Doximity has been effectively managing its operating expenses relative to its revenue generation during this period. The consistent performance of the operating profit margin suggests that the company has been successful in controlling costs and optimizing its operations to maintain profitability.