Doximity (Doximity) Accounts Receivable : $97.6 Mil (As of Dec. 2023)

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What is Doximity Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Doximity's accounts receivables for the quarter that ended in Dec. 2023 was $97.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Doximity's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 65.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Doximity's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.48.

Doximity Accounts Receivable Historical Data

The historical data trend for Doximity's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Doximity Accounts Receivable Chart

Doximity Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

26.16

50.32

81.07

107.05

Doximity Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												74.86	107.05	92.92	97.22	97.58

Doximity Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Doximity Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Doximity's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	97.584	/	135.284	*	91
=	65.82

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Doximity's accounts receivable are only considered to be worth 75% of book value:

Doximity's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(710.238	+	0.75 * 97.584	+	0.5 * 0	-	136.035
-	0	-	0)	/	186.175
=	3.48

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Doximity Accounts Receivable Related Terms

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Doximity (Doximity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Doximity Inc (NYSE:DOCS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 3rd Street, Suite 510, San Francisco, CA, USA, 94107

Website

https://www.doximity.com

Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.

Executives

Kira Scherer Wampler	director	C/O DOXIMITY, INC., 500 3RD STREET, SUITE 510, SAN FRANCISCO CA 94107
Craig Overpeck	officer: See Remarks	C/O DOXIMITY, INC., 500 THIRD STREET, SUITE 510, SAN FRANCISCO CA 94107
Timothy S Cabral	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Anna Bryson	officer: Chief Financial Officer	C/O DOXIMITY, INC., 500 3RD STREET SUITE 510, SAN FRANCISCO CA 94107
Yang Watkin Phoebe L.	director	C/O DOXIMITY, INC., 500 THIRD STREET, SAN FRANCISCO CA 94107
Jeffrey Tangney	director, 10 percent owner, officer: Chief Executive Officer	C/O DOXIMITY, INC., 500 3RD STREET SUITE 510, SAN FRANCISCO CA 94107
Paul W. Jorgensen	officer: Chief Revenue Officer	500 THIRD STREET, SUITE 510, SAN FRANCISCO CA 94107
Gilbert H Kliman	director, 10 percent owner	C/O INTERWEST PARTNERS, 467 FIRST STREET SUITE 201, LOS ALTOS CA 94022
Emergence Capital Partners Ii Lp	10 percent owner	160 BOVET ROAD, SAN MATEO CA 94402
Emergence Equity Partners Ii, L.p.	10 percent owner	160 BOVET ROAD, SUITE 300, SAN MATEO CA 94402
Emergence Gp Partners, Llc	10 percent owner	PIER 5, THE EMBARCADERO, STE 102, SAN FRANCISCO CA 94111-2094
Kevin Spain	director	C/O EMERGENCE CAPITAL, 160 BOVET ROAD, STE. 300, SAN MATEO CA 94402
Emergence Capital Opportunity I, L.p.	10 percent owner	160 BOVET ROAD, SUITE 300, SAN MATEO CA 94402
Emergence Equity Partners Vi, L.p.	10 percent owner	C/O EMERGENCE CAPITAL PARTNERS, 160 BOVET ROAD, SUITE 300 CA SAN MATEO
Regina M. Benjamin	director	51 SAWYER ROAD, SUITE 200, WALTHAM MA 02453