Doximity Inc (DOCS)
Return on total capital
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | 167,765 | 112,798 | 107,337 | 57,769 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | — | 901,397 | 966,116 | 878,594 | 66,743 |
| Return on total capital | — | 18.61% | 11.68% | 12.22% | 86.55% |
March 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $—K)
= —
Doximity Inc's return on total capital has shown fluctuating trends over the years based on the provided data. In March 2021, the return on total capital was notably high at 86.55%, indicating efficient utilization of capital to generate profits. However, there was a significant decline in this ratio to 12.22% by March 2022, suggesting a decrease in profitability relative to the capital employed.
Subsequently, the return on total capital continued to decline moderately, reaching 11.68% by March 2023. This trend indicates a potential challenge in maintaining profitability in relation to the total capital invested in the business.
However, a positive shift was observed by March 2024, with the return on total capital improving to 18.61%, signaling a possible recovery or enhanced efficiency in capital utilization compared to the previous year.
The absence of data for March 2025 makes it difficult to assess the most recent performance, but it may be a point of interest for future analysis to determine the company's current profitability relative to its total capital.
Overall, the analysis suggests that Doximity Inc has experienced varying levels of return on total capital over the years, highlighting the importance of closely monitoring this metric to evaluate the company's financial performance and efficiency in utilizing its capital resources.
Peer comparison
Mar 31, 2025