Doximity Inc (DOCS)

Return on equity (ROE)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net income	US$ in thousands	147,582	112,818	154,783
Total stockholders’ equity	US$ in thousands	901,397	966,116	878,594
ROE		16.37%	11.68%	17.62%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $147,582K ÷ $901,397K
= 16.37%

To assess Doximity Inc's return on equity (ROE) performance over the past three years, we observe a fluctuating trend. In the fiscal year ending March 31, 2022, the company generated an ROE of 17.62%, indicating a strong profitability relative to shareholders' equity. However, in the subsequent fiscal year ending March 31, 2023, the ROE slightly dropped to 11.68%, suggesting a decrease in profitability efficiency.

The most recent fiscal year ending March 31, 2024, saw an improvement in Doximity Inc's ROE, climbing to 16.37%. This uptick may indicate a recovery in the company's ability to generate profits from the shareholders' equity invested in the business.

Overall, while fluctuations occurred in Doximity Inc's ROE over the analyzed period, the company has shown a relatively healthy return on equity, with the latest year demonstrating a promising rebound in profitability efficiency. Continual monitoring of this ratio will be essential to ascertain the sustainability and growth of shareholder value in the company.