Doximity Reconciled Depreciation vs Cost Of Revenue Analysis

DOCS Stock  USD 53.28  1.14  2.19%   
Doximity financial indicator trend analysis is much more than just examining Doximity latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Doximity is a good investment. Please check the relationship between Doximity Reconciled Depreciation and its Cost Of Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.

Reconciled Depreciation vs Cost Of Revenue

Reconciled Depreciation vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Doximity Reconciled Depreciation account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Doximity's Reconciled Depreciation and Cost Of Revenue is 0.98. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Doximity, assuming nothing else is changed. The correlation between historical values of Doximity's Reconciled Depreciation and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Doximity are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Reconciled Depreciation i.e., Doximity's Reconciled Depreciation and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Reconciled Depreciation

Cost Of Revenue

Cost of Revenue is found on Doximity income statement and represents the costs associated with goods and services Doximity provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Doximity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Doximity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.At this time, Doximity's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 26 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income2.1M9.3M21.7M22.7M
Net Interest Income2.1M9.3M21.7M22.7M

Doximity fundamental ratios Correlations

-0.360.940.990.790.950.92-0.940.940.410.950.970.740.951.00.980.921.0-0.450.840.940.751.00.90.990.86
-0.36-0.53-0.27-0.23-0.34-0.470.45-0.45-0.45-0.44-0.38-0.85-0.37-0.34-0.46-0.47-0.320.06-0.37-0.27-0.8-0.36-0.32-0.49-0.43
0.94-0.530.90.810.90.96-0.910.90.60.930.970.870.90.920.990.930.91-0.490.880.860.910.930.930.960.9
0.99-0.270.90.770.940.88-0.920.930.330.930.950.670.941.00.960.881.0-0.430.810.940.671.00.880.970.82
0.79-0.230.810.770.870.88-0.70.650.690.750.870.540.870.760.820.930.75-0.780.920.870.690.770.880.760.97
0.95-0.340.90.940.870.87-0.870.870.430.890.920.711.00.950.930.940.95-0.640.940.990.720.950.840.950.92
0.92-0.470.960.880.880.87-0.870.830.690.90.980.760.870.890.960.950.88-0.520.840.850.870.90.980.910.93
-0.940.45-0.91-0.92-0.7-0.87-0.87-0.99-0.27-1.0-0.9-0.8-0.87-0.94-0.94-0.9-0.930.22-0.72-0.86-0.77-0.94-0.86-0.95-0.79
0.94-0.450.90.930.650.870.83-0.990.210.980.880.80.870.950.930.870.94-0.190.710.850.750.950.820.960.75
0.41-0.450.60.330.690.430.69-0.270.210.330.590.490.440.340.520.570.34-0.680.640.390.710.370.640.420.7
0.95-0.440.930.930.750.890.9-1.00.980.330.930.790.890.950.960.930.93-0.270.750.870.790.950.90.960.83
0.97-0.380.970.950.870.920.98-0.90.880.590.930.740.920.950.990.940.95-0.520.860.910.810.960.970.950.91
0.74-0.850.870.670.540.710.76-0.80.80.490.790.740.720.720.820.770.71-0.250.690.640.950.740.680.830.72
0.95-0.370.90.940.871.00.87-0.870.870.440.890.920.720.940.930.950.94-0.640.940.990.730.950.840.950.93
1.0-0.340.921.00.760.950.89-0.940.950.340.950.950.720.940.970.91.0-0.410.810.940.711.00.870.990.83
0.98-0.460.990.960.820.930.96-0.940.930.520.960.990.820.930.970.950.96-0.460.860.910.850.980.940.980.9
0.92-0.470.930.880.930.940.95-0.90.870.570.930.940.770.950.90.950.89-0.580.910.930.840.910.920.920.98
1.0-0.320.911.00.750.950.88-0.930.940.340.930.950.710.941.00.960.89-0.430.820.940.691.00.860.980.82
-0.450.06-0.49-0.43-0.78-0.64-0.520.22-0.19-0.68-0.27-0.52-0.25-0.64-0.41-0.46-0.58-0.43-0.82-0.64-0.4-0.43-0.48-0.42-0.73
0.84-0.370.880.810.920.940.84-0.720.710.640.750.860.690.940.810.860.910.82-0.820.920.760.830.810.840.96
0.94-0.270.860.940.870.990.85-0.860.850.390.870.910.640.990.940.910.930.94-0.640.920.660.940.830.930.91
0.75-0.80.910.670.690.720.87-0.770.750.710.790.810.950.730.710.850.840.69-0.40.760.660.730.80.810.83
1.0-0.360.931.00.770.950.9-0.940.950.370.950.960.740.951.00.980.911.0-0.430.830.940.730.890.990.84
0.9-0.320.930.880.880.840.98-0.860.820.640.90.970.680.840.870.940.920.86-0.480.810.830.80.890.880.9
0.99-0.490.960.970.760.950.91-0.950.960.420.960.950.830.950.990.980.920.98-0.420.840.930.810.990.880.86
0.86-0.430.90.820.970.920.93-0.790.750.70.830.910.720.930.830.90.980.82-0.730.960.910.830.840.90.86
Click cells to compare fundamentals

Doximity Account Relationship Matchups

Doximity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets138.9M251.7M991.4M1.1B1.1B675.6M
Other Current Liab8.0M15.9M23.8M28.0M27.5M25.7M
Total Current Liabilities55.7M102.0M111.3M139.5M147.3M108.8M
Total Stockholder Equity1.1M66.7M878.6M966.1M901.4M524.8M
Other Liab288K1.2M1.0M17.4M20.0M21.0M
Property Plant And Equipment Net7.1M8.9M9.6M25.1M24.7M14.1M
Net Debt(46.1M)(65.1M)(111.7M)(142.4M)(82.2M)(86.4M)
Retained Earnings(13.9M)36.3M191.1M217.9M80.0M85.8M
Accounts Payable1.4M1.5M463K1.3M2.3M1.4M
Cash48.4M66.4M112.8M158.0M96.8M94.6M
Non Current Assets Total15.9M42.3M87.2M161.4M166.4M87.1M
Non Currrent Assets Other1.3M2.8M2.3M1.7M1.5M1.4M
Cash And Short Term Investments86.4M142.5M798.1M841.0M762.9M493.8M
Net Receivables26.2M50.3M81.1M107.0M101.3M69.9M
Short Term Investments38.0M76.1M685.3M683.0M666.1M399.2M
Other Current Assets6.9M16.5M25.0M27.4M48.7M51.1M
Other Stockholder Equity15.0M(81.5M)702.6M762.2M823.9M865.1M
Total Liab137.8M185.0M112.8M170.8M178.0M150.7M
Total Current Assets123.0M209.4M904.1M975.5M912.9M588.2M
Intangible Assets393K9.6M7.9M31.8M27.3M14.2M
Common Stock68K83K192K194K187K138.8K
Property Plant Equipment7.1M8.9M9.6M25.1M28.9M30.3M

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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.