Doximity Inc (DOCS)

Operating return on assets (Operating ROA)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating income	US$ in thousands	227,800	163,878	125,108	113,536	53,303
Total assets	US$ in thousands	—	1,079,370	1,136,890	991,357	251,719
Operating ROA		—	15.18%	11.00%	11.45%	21.18%

March 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $227,800K ÷ $—K
= —

Operating return on assets (Operating ROA) is a key profitability ratio that measures a company's ability to generate operating income from its assets. Looking at the trend of Operating ROA for Doximity Inc from March 31, 2021, to March 31, 2025, we see that there has been some fluctuation in the performance.

- As of March 31, 2021, Doximity Inc had an Operating ROA of 21.18%, indicating that the company generated $0.2118 in operating income for every $1 of assets.
- By March 31, 2022, the Operating ROA decreased to 11.45%, suggesting a decline in the company's efficiency in generating operating income from its assets.
- The trend continued in the next fiscal year, with the Operating ROA further decreasing to 11.00% by March 31, 2023.
- However, there was a slight improvement in the Operating ROA by March 31, 2024, which rose to 15.18%, indicating some recovery in the company's profitability efficiency.
- The data for March 31, 2025, is missing, as denoted by "\u2014", making it difficult to assess the most recent performance.

In conclusion, Doximity Inc's Operating ROA has shown variability over the years, with a notable drop in 2022 and 2023 followed by a partial recovery in 2024. It is essential for the company to continue monitoring and improving its operating efficiency to enhance its overall profitability.