Doximity Inc (DOCS)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 89.34% | 88.94% | 88.15% | 87.74% | 87.24% | 87.16% | 87.22% | 87.59% | 88.42% |
| Operating profit margin | 34.47% | 33.07% | 30.07% | 30.47% | 29.86% | 29.92% | 30.57% | 30.52% | 33.05% |
| Pretax margin | 38.96% | 37.15% | 33.88% | 33.23% | 31.78% | 30.95% | 31.02% | 30.86% | 33.18% |
| Net profit margin | 31.04% | 29.39% | 27.47% | 27.20% | 26.92% | 29.59% | 36.70% | 41.73% | 45.05% |
Doximity Inc's profitability ratios indicate a consistent trend of strong performance over the quarters analyzed. The gross profit margin has shown a stable increase from 87.24% in March 2023 to 89.34% in March 2024, which signifies the company's ability to efficiently control production costs and generate higher revenues.
Similarly, the operating profit margin has demonstrated a positive trend, increasing from 29.86% in March 2023 to 34.47% in March 2024. This indicates effective cost management and operational efficiency, resulting in increased profitability from core business activities.
The pretax margin has also exhibited growth over the quarters, reflecting an upward trend from 31.78% in March 2023 to 38.96% in March 2024. This implies that the company is effectively managing its operating expenses and generating higher earnings before taxes.
Moreover, the net profit margin has shown strong performance, with a notable increase from 26.92% in March 2023 to 31.04% in March 2024, although there was a temporary decline in profitability in September 2022 and December 2022. This suggests that Doximity Inc has been successful in controlling its overall costs and has been able to translate its revenues into higher net profits.
Overall, the consistent improvement in these profitability ratios reflects Doximity Inc's strong financial health and efficient management of operations, positioning the company well for sustained growth and profitability in the future.
Return on investment
| 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 return on assets (Operating ROA) | 15.18% | 15.48% | 13.14% | 11.54% | 11.00% | 11.26% | 11.43% | 10.50% | 11.45% |
| Return on assets (ROA) | 13.67% | 13.75% | 12.01% | 10.30% | 9.92% | 11.14% | 13.72% | 14.35% | 15.61% |
| Return on total capital | 18.18% | 17.91% | 15.47% | 13.43% | 12.95% | 12.92% | 13.37% | 12.23% | 12.92% |
| Return on equity (ROE) | 16.37% | 15.92% | 14.13% | 11.99% | 11.68% | 12.78% | 16.05% | 16.72% | 17.62% |
Doximity Inc's profitability ratios indicate a consistent and generally positive trend over the evaluated periods.
1. Operating return on assets (Operating ROA) ranged between 10.50% to 15.48%, showing a gradual improvement in operational efficiency and profitability during the period. This ratio indicates that the company generates approximately 10.50% to 15.48% in operating income for every dollar of assets employed.
2. Return on assets (ROA) also demonstrated a favorable trend, fluctuating between 9.92% and 15.61%. This ratio suggests that for every dollar in assets, the company generated approximately 9.92% to 15.61% in net income, showcasing effective asset utilization.
3. Return on total capital varied between 12.23% to 18.18%, reflecting the return generated from the company's total capital structure. This ratio signifies that between 12.23% and 18.18% of the total capital invested in the company generated returns.
4. Return on equity (ROE) ranged from 11.68% to 17.62%, demonstrating the return generated for every dollar of shareholder equity. The ROE indicates that between 11.68% and 17.62% of the company's equity investments resulted in profits.
Overall, Doximity Inc's profitability ratios exhibit a positive trajectory, highlighting consistent profitability, efficient asset management, and effective capital utilization over the analyzed periods.