Doximity Inc (DOCS)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	147,582	137,632	123,144	118,841	112,818	118,876	141,055	150,844	154,783
Total assets	US$ in thousands	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
ROA		13.67%	13.75%	12.01%	10.30%	9.92%	11.14%	13.72%	14.35%	15.61%

March 31, 2024 calculation

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

Doximity Inc's return on assets (ROA) has shown some fluctuations over the past several quarters. The ROA for the most recent quarter ending on March 31, 2024, was 13.67%, slightly lower than the previous quarter's ROA of 13.75%. This indicates that the company generated $0.1367 in net income for every dollar of assets it had during the period.

Looking back over the past year, the ROA has generally been trending upwards, starting at 15.61% in March 2022 and then experiencing some fluctuations before settling at the current level. The peak ROA during this period was 15.61% in March 2022, and the low point was 9.92% in March 2023.

Overall, the ROA figures suggest that Doximity Inc has been effectively utilizing its assets to generate profits, with a generally positive trend in recent quarters. However, investors and analysts may want to further investigate the factors contributing to the fluctuations in ROA to assess the company's operational efficiency and profitability.