Doximity Inc (DOCS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	901,397	864,614	871,467	990,787	966,116	930,174	878,964	902,166	878,594	838,848	772,560	728,452
ROE		16.37%	15.92%	14.13%	11.99%	11.68%	12.78%	16.05%	16.72%	17.62%

March 31, 2024 calculation

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

Doximity Inc's return on equity (ROE) has shown fluctuations over the past several quarters, ranging from a low of 11.68% in the first quarter of 2023 to a high of 17.62% in the first quarter of 2022. The ROE for the most recent quarter, ending March 31, 2024, is 16.37%, indicating a solid performance in generating profits relative to shareholder equity. Overall, the trend in ROE appears to have been relatively stable and healthy, with occasional variations in performance. It is important for investors to continue monitoring ROE as a key indicator of the company's profitability and efficiency in utilizing shareholders' investments.