Doximity Inc (DOCS)
Return on equity (ROE)
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 223,185 | 147,582 | 112,818 | 154,783 | 50,210 |
| Total stockholders’ equity | US$ in thousands | — | 901,397 | 966,116 | 878,594 | 66,743 |
| ROE | — | 16.37% | 11.68% | 17.62% | 75.23% |
March 31, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $223,185K ÷ $—K
= —
The return on equity (ROE) of Doximity Inc has shown a significant decline over the past five years. As of March 31, 2021, the ROE was relatively high at 75.23%, indicating strong profitability relative to shareholders' equity. However, by March 31, 2022, the ROE decreased to 17.62%, signaling a sharp drop in profitability efficiency.
The trend continued in the following years, with the ROE further decreasing to 11.68% by March 31, 2023. Although there was a slight improvement in March 31, 2024, with the ROE increasing to 16.37%, it still remained below the levels seen in earlier years.
The most recent data point for March 31, 2025, is represented by a dash indicating missing information. Given the downward trend in ROE observed in the years prior, it is crucial for Doximity Inc to analyze the factors contributing to this decline and take corrective actions to improve efficiency in generating returns for shareholders in the future.
Peer comparison
Mar 31, 2025