Doximity Inc (DOCS)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net income	US$ in thousands	147,582	112,818	154,783
Total assets	US$ in thousands	1,079,370	1,136,890	991,357
ROA		13.67%	9.92%	15.61%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $147,582K ÷ $1,079,370K
= 13.67%

Doximity Inc's return on assets (ROA) has fluctuated over the past three years, with the highest ROA reported at 15.61% in March 2022 and the lowest at 9.92% in March 2023. The ROA for the most recent period ending March 31, 2024, stood at 13.67%.

ROA measures a company's ability to generate profits from its assets. A higher ROA indicates more efficient asset utilization and profitability. The trend in Doximity's ROA suggests some variability in the company's ability to generate profits relative to its total assets.

A ROA of 13.67% in March 2024 indicates that for every dollar of assets Doximity holds, the company generated $0.1367 in profit. While the ROA has decreased from the previous year, Doximity still demonstrates a strong ability to generate profits from its assets, albeit at a slightly lower rate than in the prior year.

Investors and analysts may monitor changes in Doximity's ROA over time to assess the company's operational efficiency and profitability relative to the assets employed. Further analysis of the company's financial performance and operational strategies may provide insights into the factors driving the fluctuations in ROA.