Doximity Inc (DOCS)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 163,878 | 125,108 | 113,536 |
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 901,397 | 966,116 | 878,594 |
| Return on total capital | 18.18% | 12.95% | 12.92% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $163,878K ÷ ($—K + $901,397K)
= 18.18%
Doximity Inc's return on total capital has shown a positive trend over the past three years. The company's return on total capital was 12.92% in March 2022, increased to 12.95% in March 2023, and saw a significant rise to 18.18% by March 2024. This improvement indicates that Doximity has been able to generate increasing returns relative to its total capital employed, reflecting a more efficient use of its resources to generate profits. The consistent upward trend in return on total capital suggests that the company has been effectively managing its capital investments and improving its overall financial performance over the analyzed period.
Peer comparison
Mar 31, 2024