Doximity Inc (DOCS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,082,620	1,031,120	961,196	913,580	901,397	864,614	871,467	990,787	966,116	930,174	878,964	902,166	878,594	838,848	772,560	728,452	66,743	121,196	—
ROE		20.62%	19.53%	18.11%	17.57%	16.37%	15.92%	14.13%	11.99%	11.68%	12.78%	16.05%	16.72%	17.62%	16.63%	13.09%	10.31%	75.23%	26.60%	—

March 31, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $223,185K ÷ $1,082,620K
= 20.62%

Based on the provided data, Doximity Inc's return on equity (ROE) has shown fluctuations over the past several quarters. The ROE was not available as of September 30, 2020. Subsequently, the company's ROE was 26.60% as of December 31, 2020, indicating a strong return generated on shareholders' equity.

There was a significant increase in ROE to 75.23% as of March 31, 2021, suggesting an improved efficiency in utilizing equity to generate profits. However, the ROE dropped to 10.31% as of June 30, 2021, before slightly rebounding to 13.09% as of September 30, 2021.

Throughout the following quarters, Doximity Inc's ROE demonstrated a relatively stable performance, ranging from 12.78% to 20.62% as of March 31, 2025. These figures indicate that the company has been moderately successful in generating returns for its shareholders relative to the equity invested.

Overall, while the company experienced fluctuations in its ROE over the analyzed period, the upward trend from 2021 to 2025 suggests that Doximity Inc has been progressively improving its efficiency in utilizing shareholders' equity to generate profits.