Doximity Inc (DOCS)

Operating return on assets (Operating ROA)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Operating income (ttm)	US$ in thousands	228,002	221,174	199,800	180,450	163,878	154,867	134,800	133,109	125,108	120,188	117,493	110,343	113,536	108,462	90,609	76,095	53,303	41,518	31,000
Total assets	US$ in thousands	1,264,310	1,172,160	1,118,520	1,073,460	1,079,370	1,000,650	1,025,570	1,153,510	1,136,890	1,067,090	1,028,340	1,050,930	991,357	932,172	869,255	830,182	251,719	206,378	—
Operating ROA		18.03%	18.87%	17.86%	16.81%	15.18%	15.48%	13.14%	11.54%	11.00%	11.26%	11.43%	10.50%	11.45%	11.64%	10.42%	9.17%	21.18%	20.12%	—

March 31, 2025 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $228,002K ÷ $1,264,310K
= 18.03%

Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's operating income generated relative to its total assets. A higher Operating ROA indicates that the company is more efficient in generating operating profits from its assets.

Based on the data provided for Doximity Inc, we observe fluctuations in the Operating ROA over the quarters. The trend shows that the Operating ROA increased from 20.12% as of December 31, 2020, to a peak of 18.87% as of December 31, 2024. This indicates an improvement in the company's ability to generate operating income from its assets over the period.

However, it is important to note that the Operating ROA experienced some volatility, with decreases in the second and third quarters of 2021, as well as a slight decline in the first quarter of 2023. Despite these fluctuations, the overall trend indicates a positive performance in utilizing the company's assets to generate operating profits.

As of March 31, 2025, the Operating ROA stood at 18.03%, which is still relatively high compared to the starting point. This suggests that Doximity Inc has been able to maintain a strong operational performance in terms of utilizing its assets efficiently to generate profits.