Doximity Inc (DOCS)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 163,878 | 125,108 | 113,536 |
| Total assets | US$ in thousands | 1,079,370 | 1,136,890 | 991,357 |
| Operating ROA | 15.18% | 11.00% | 11.45% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $163,878K ÷ $1,079,370K
= 15.18%
The operating return on assets (ROA) of Doximity Inc has shown an upward trend over the past three years. As of March 31, 2024, the operating ROA stands at 15.18%, reflecting an improvement from 11.00% in the previous year and 11.45% in the year before that.
This increase in operating ROA indicates that Doximity Inc is generating more operating income relative to its assets, which is a positive indicator of operational efficiency and profitability. It suggests that the company is utilizing its assets effectively to generate operating profits.
Overall, the trend in operating ROA for Doximity Inc demonstrates an improving financial performance, indicating efficient asset utilization and profitability growth over the three-year period.
Peer comparison
Mar 31, 2024