Doximity Inc (DOCS)

Return on assets (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
Net income (ttm) US$ in thousands 223,185 201,345 174,105 160,553 147,582 137,632 123,144 118,841 112,818 118,876 141,055 150,844 154,783 139,540 101,124 75,073 50,210 32,241 20,913
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 —
ROA 17.65% 17.18% 15.57% 14.96% 13.67% 13.75% 12.01% 10.30% 9.92% 11.14% 13.72% 14.35% 15.61% 14.97% 11.63% 9.04% 19.95% 15.62% —

March 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $223,185K ÷ $1,264,310K
= 17.65%

Based on the provided data for Doximity Inc's return on assets (ROA), we observe fluctuations in ROA over the quarters presented. ROA serves as a measure of the company's efficiency in generating profit relative to its total assets. Doximity Inc's ROA showed significant variability, ranging from a low of 9.04% in the second quarter of 2021 to a high of 19.95% in the first quarter of 2021.

During the most recent period analyzed, ending March 31, 2025, Doximity Inc's ROA stood at 17.65%. This indicates that the company generated $0.1765 in profit for every dollar of assets it holds. Over the quarterly periods examined, Doximity Inc's ROA generally trended upwards, showing improvement in asset utilization and earnings generation efficiency.

It is essential to monitor Doximity Inc's ROA over time to assess the company's operational performance and effectiveness in utilizing its assets to generate profits. The upward trajectory in ROA suggests positive developments in the company's profitability and efficiency in managing its asset base as of the most recent reporting period.