Returns On Capital Signal Tricky Times Ahead For Doximity (NYSE:DOCS) [Yahoo! Finance]
Doximity, Inc. Class A (DOCS)
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Doximity NYSE:DOCS ), we don't think it's current trends fit the mold of a multi-bagger. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Doximity is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.18 = US$164m ÷ (US$1.0b - US$105m) (Based on the trailing twelve months to December 2023) Thus, Doximity has an ROCE of 18%. On its own, that's a standard return, however it's much better than the 5.7% generated by the
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News
- SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DoximityPR Newswire
- DOCS SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Doximity, Inc. Investors Can Join the Class Action Lawsuit!Accesswire
- DOXIMITY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Doximity, Inc. - DOCSAccesswire
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Doximity, Inc. with Losses to Contact the FirmAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Doximity, Inc. – DOCSGlobeNewswire
DOCS
Earnings
- 2/8/24 - Beat
DOCS
Sec Filings
- 4/2/24 - Form 4
- 4/1/24 - Form 144
- 3/4/24 - Form 4
- DOCS's page on the SEC website