Doximity Stock Return On Equity

DOCS Stock

USD 48.00 1.90 3.81%

Doximity fundamentals help investors to digest information that contributes to Doximity's financial success or failures. It also enables traders to predict the movement of Doximity Stock. The fundamental analysis module provides a way to measure Doximity's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Doximity stock.

		Last Reported	Projected for Next Year
	Return On Equity	0.16	0.16

Return On Equity is likely to drop to 0.16 in 2024.

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Doximity Company Return On Equity Analysis

Doximity's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Doximity Return On Equity

0.19

Most of Doximity's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Doximity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Doximity Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Doximity is extremely important. It helps to project a fair market value of Doximity Stock properly, considering its historical fundamentals such as Return On Equity. Since Doximity's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Doximity's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Doximity's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Invested Capital	Capital Stock	Net Working Capital	Short Term Debt
Total Assets		0.99	0.95	-0.94	0.94	0.41	0.98	1.0	0.75	1.0	0.9	0.99	0.86	0.93	1.0	0.99	0.99	0.61
Total Stockholder Equity	0.99		0.94	-0.92	0.93	0.33	0.96	1.0	0.67	1.0	0.88	0.97	0.82	0.89	1.0	0.99	1.0	0.62
Net Tangible Assets	0.95	0.94		-0.87	0.87	0.43	0.93	0.95	0.72	0.95	0.84	0.95	0.92	0.91	0.97	0.97	0.96	0.61
Net Debt	-0.94	-0.92	-0.87		-0.99	-0.27	-0.94	-0.93	-0.77	-0.94	-0.86	-0.95	-0.79	-0.92	-0.93	-0.93	-0.93	-0.43
Retained Earnings	0.94	0.93	0.87	-0.99		0.21	0.93	0.94	0.75	0.95	0.82	0.96	0.75	0.9	0.94	0.94	0.94	0.37
Accounts Payable	0.41	0.33	0.43	-0.27	0.21		0.52	0.34	0.71	0.37	0.64	0.42	0.7	0.54	0.36	0.35	0.34	0.67
Net Receivables	0.98	0.96	0.93	-0.94	0.93	0.52		0.96	0.85	0.98	0.94	0.98	0.9	0.97	0.97	0.97	0.96	0.6
Short Term Investments	1.0	1.0	0.95	-0.93	0.94	0.34	0.96		0.69	1.0	0.86	0.98	0.82	0.9	1.0	0.99	1.0	0.59
Total Liab	0.75	0.67	0.72	-0.77	0.75	0.71	0.85	0.69		0.73	0.8	0.81	0.83	0.88	0.7	0.72	0.69	0.39
Total Current Assets	1.0	1.0	0.95	-0.94	0.95	0.37	0.98	1.0	0.73		0.89	0.99	0.84	0.92	1.0	1.0	1.0	0.59
Intangible Assets	0.9	0.88	0.84	-0.86	0.82	0.64	0.94	0.86	0.8	0.89		0.88	0.9	0.93	0.88	0.87	0.87	0.76
Common Stock	0.99	0.97	0.95	-0.95	0.96	0.42	0.98	0.98	0.81	0.99	0.88		0.86	0.94	0.98	0.98	0.98	0.53
Property Plant Equipment	0.86	0.82	0.92	-0.79	0.75	0.7	0.9	0.82	0.83	0.84	0.9	0.86		0.91	0.85	0.86	0.84	0.72
Current Deferred Revenue	0.93	0.89	0.91	-0.92	0.9	0.54	0.97	0.9	0.88	0.92	0.93	0.94	0.91		0.91	0.92	0.91	0.52
Net Invested Capital	1.0	1.0	0.97	-0.93	0.94	0.36	0.97	1.0	0.7	1.0	0.88	0.98	0.85	0.91		1.0	1.0	0.61
Capital Stock	0.99	0.99	0.97	-0.93	0.94	0.35	0.97	0.99	0.72	1.0	0.87	0.98	0.86	0.92	1.0		1.0	0.58
Net Working Capital	0.99	1.0	0.96	-0.93	0.94	0.34	0.96	1.0	0.69	1.0	0.87	0.98	0.84	0.91	1.0	1.0		0.6
Short Term Debt	0.61	0.62	0.61	-0.43	0.37	0.67	0.6	0.59	0.39	0.59	0.76	0.53	0.72	0.52	0.61	0.58	0.6

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Doximity Return On Equity Historical Pattern

Today, most investors in Doximity Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Doximity's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Doximity return on equity as a starting point in their analysis.

Doximity Return On Equity

Timeline

For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict Doximity

Return On Equity Over Time

Doximity Total Stockholder Equity

Total Stockholder Equity

524.79 Million

At this time, Doximity's Total Stockholder Equity is comparatively stable compared to the past year.

Based on the latest financial disclosure, Doximity has a Return On Equity of 0.19. This is 100.79% lower than that of the Health Care Technology sector and significantly higher than that of the Health Care industry. The return on equity for all United States stocks is 161.29% lower than that of the firm.

Doximity Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Doximity's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Doximity could also be used in its relative valuation, which is a method of valuing Doximity by comparing valuation metrics of similar companies.

Doximity is currently under evaluation in return on equity category among its peers.

Doximity ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Doximity's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Doximity's managers, analysts, and investors.

Environmental

Governance

Social

Doximity Fundamentals

	Return On Equity	0.19
	Return On Asset	0.12
	Profit Margin	0.34 %
	Operating Margin	0.41 %
	Current Valuation	8.52 B
	Shares Outstanding	128.14 M
	Shares Owned By Insiders	2.71 %
	Shares Owned By Institutions	91.62 %
	Number Of Shares Shorted	10.91 M
	Price To Earning	67.68 X
	Price To Book	9.69 X
	Price To Sales	18.02 X
	Revenue	475.42 M
	Gross Profit	365.56 M
	EBITDA	195.47 M
	Net Income	147.58 M
	Cash And Equivalents	776.25 M
	Cash Per Share	4.01 X
	Total Debt	14.55 M
	Debt To Equity	0.01 %
	Current Ratio	7.24 X
	Book Value Per Share	5.15 X
	Cash Flow From Operations	184.1 M
	Short Ratio	8.86 X
	Earnings Per Share	0.87 X
	Price To Earnings To Growth	2.42 X
	Target Price	56.75
	Number Of Employees	827
	Beta	1.3
	Market Capitalization	9.32 B
	Total Asset	1.08 B
	Retained Earnings	79.99 M
	Working Capital	765.69 M
	Net Asset	1.08 B

About Doximity Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Doximity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Doximity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Doximity based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Doximity Stock Analysis

When running Doximity's price analysis, check to measure Doximity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.

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