Doximity Retained Earnings vs Non Current Assets Total Analysis

DOCS Stock

USD 53.00 0.39 0.73%

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 Retained Earnings and its Non Current Assets Total 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.

Retained Earnings vs Non Current Assets Total

Retained Earnings vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Doximity Retained Earnings account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Doximity's Retained Earnings and Non Current Assets Total is 0.88. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Doximity, assuming nothing else is changed. The correlation between historical values of Doximity's Retained Earnings and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Doximity are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Retained Earnings i.e., Doximity's Retained Earnings and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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 Income	2.1M	9.3M	21.7M	22.7M
Net Interest Income	2.1M	9.3M	21.7M	22.7M

Interest Income Net Interest Income

Doximity fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		-0.36	0.94	0.99	0.79	0.95	0.92	-0.94	0.94	0.41	0.95	0.97	0.74	0.95	1.0	0.98	0.92	1.0	-0.45	0.84	0.94	0.75	1.0	0.9	0.99	0.86
Other Current Liab	-0.36		-0.53	-0.27	-0.23	-0.34	-0.47	0.45	-0.45	-0.45	-0.44	-0.38	-0.85	-0.37	-0.34	-0.46	-0.47	-0.32	0.06	-0.37	-0.27	-0.8	-0.36	-0.32	-0.49	-0.43
Total Current Liabilities	0.94	-0.53		0.9	0.81	0.9	0.96	-0.91	0.9	0.6	0.93	0.97	0.87	0.9	0.92	0.99	0.93	0.91	-0.49	0.88	0.86	0.91	0.93	0.93	0.96	0.9
Total Stockholder Equity	0.99	-0.27	0.9		0.77	0.94	0.88	-0.92	0.93	0.33	0.93	0.95	0.67	0.94	1.0	0.96	0.88	1.0	-0.43	0.81	0.94	0.67	1.0	0.88	0.97	0.82
Other Liab	0.79	-0.23	0.81	0.77		0.87	0.88	-0.7	0.65	0.69	0.75	0.87	0.54	0.87	0.76	0.82	0.93	0.75	-0.78	0.92	0.87	0.69	0.77	0.88	0.76	0.97
Net Tangible Assets	0.95	-0.34	0.9	0.94	0.87		0.87	-0.87	0.87	0.43	0.89	0.92	0.71	1.0	0.95	0.93	0.94	0.95	-0.64	0.94	0.99	0.72	0.95	0.84	0.95	0.92
Property Plant And Equipment Net	0.92	-0.47	0.96	0.88	0.88	0.87		-0.87	0.83	0.69	0.9	0.98	0.76	0.87	0.89	0.96	0.95	0.88	-0.52	0.84	0.85	0.87	0.9	0.98	0.91	0.93
Net Debt	-0.94	0.45	-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	-0.93	0.22	-0.72	-0.86	-0.77	-0.94	-0.86	-0.95	-0.79
Retained Earnings	0.94	-0.45	0.9	0.93	0.65	0.87	0.83	-0.99		0.21	0.98	0.88	0.8	0.87	0.95	0.93	0.87	0.94	-0.19	0.71	0.85	0.75	0.95	0.82	0.96	0.75
Accounts Payable	0.41	-0.45	0.6	0.33	0.69	0.43	0.69	-0.27	0.21		0.33	0.59	0.49	0.44	0.34	0.52	0.57	0.34	-0.68	0.64	0.39	0.71	0.37	0.64	0.42	0.7
Cash	0.95	-0.44	0.93	0.93	0.75	0.89	0.9	-1.0	0.98	0.33		0.93	0.79	0.89	0.95	0.96	0.93	0.93	-0.27	0.75	0.87	0.79	0.95	0.9	0.96	0.83
Non Current Assets Total	0.97	-0.38	0.97	0.95	0.87	0.92	0.98	-0.9	0.88	0.59	0.93		0.74	0.92	0.95	0.99	0.94	0.95	-0.52	0.86	0.91	0.81	0.96	0.97	0.95	0.91
Non Currrent Assets Other	0.74	-0.85	0.87	0.67	0.54	0.71	0.76	-0.8	0.8	0.49	0.79	0.74		0.72	0.72	0.82	0.77	0.71	-0.25	0.69	0.64	0.95	0.74	0.68	0.83	0.72
Other Assets	0.95	-0.37	0.9	0.94	0.87	1.0	0.87	-0.87	0.87	0.44	0.89	0.92	0.72		0.94	0.93	0.95	0.94	-0.64	0.94	0.99	0.73	0.95	0.84	0.95	0.93
Cash And Short Term Investments	1.0	-0.34	0.92	1.0	0.76	0.95	0.89	-0.94	0.95	0.34	0.95	0.95	0.72	0.94		0.97	0.9	1.0	-0.41	0.81	0.94	0.71	1.0	0.87	0.99	0.83
Net Receivables	0.98	-0.46	0.99	0.96	0.82	0.93	0.96	-0.94	0.93	0.52	0.96	0.99	0.82	0.93	0.97		0.95	0.96	-0.46	0.86	0.91	0.85	0.98	0.94	0.98	0.9
Common Stock Shares Outstanding	0.92	-0.47	0.93	0.88	0.93	0.94	0.95	-0.9	0.87	0.57	0.93	0.94	0.77	0.95	0.9	0.95		0.89	-0.58	0.91	0.93	0.84	0.91	0.92	0.92	0.98
Short Term Investments	1.0	-0.32	0.91	1.0	0.75	0.95	0.88	-0.93	0.94	0.34	0.93	0.95	0.71	0.94	1.0	0.96	0.89		-0.43	0.82	0.94	0.69	1.0	0.86	0.98	0.82
Inventory	-0.45	0.06	-0.49	-0.43	-0.78	-0.64	-0.52	0.22	-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
Other Current Assets	0.84	-0.37	0.88	0.81	0.92	0.94	0.84	-0.72	0.71	0.64	0.75	0.86	0.69	0.94	0.81	0.86	0.91	0.82	-0.82		0.92	0.76	0.83	0.81	0.84	0.96
Other Stockholder Equity	0.94	-0.27	0.86	0.94	0.87	0.99	0.85	-0.86	0.85	0.39	0.87	0.91	0.64	0.99	0.94	0.91	0.93	0.94	-0.64	0.92		0.66	0.94	0.83	0.93	0.91
Total Liab	0.75	-0.8	0.91	0.67	0.69	0.72	0.87	-0.77	0.75	0.71	0.79	0.81	0.95	0.73	0.71	0.85	0.84	0.69	-0.4	0.76	0.66		0.73	0.8	0.81	0.83
Total Current Assets	1.0	-0.36	0.93	1.0	0.77	0.95	0.9	-0.94	0.95	0.37	0.95	0.96	0.74	0.95	1.0	0.98	0.91	1.0	-0.43	0.83	0.94	0.73		0.89	0.99	0.84
Intangible Assets	0.9	-0.32	0.93	0.88	0.88	0.84	0.98	-0.86	0.82	0.64	0.9	0.97	0.68	0.84	0.87	0.94	0.92	0.86	-0.48	0.81	0.83	0.8	0.89		0.88	0.9
Common Stock	0.99	-0.49	0.96	0.97	0.76	0.95	0.91	-0.95	0.96	0.42	0.96	0.95	0.83	0.95	0.99	0.98	0.92	0.98	-0.42	0.84	0.93	0.81	0.99	0.88		0.86
Property Plant Equipment	0.86	-0.43	0.9	0.82	0.97	0.92	0.93	-0.79	0.75	0.7	0.83	0.91	0.72	0.93	0.83	0.9	0.98	0.82	-0.73	0.96	0.91	0.83	0.84	0.9	0.86

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Doximity Account Relationship Matchups

Doximity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	138.9M	251.7M	991.4M	1.1B	1.1B	675.6M
Other Current Liab	8.0M	15.9M	23.8M	28.0M	27.5M	25.7M
Total Current Liabilities	55.7M	102.0M	111.3M	139.5M	147.3M	108.8M
Total Stockholder Equity	1.1M	66.7M	878.6M	966.1M	901.4M	524.8M
Other Liab	288K	1.2M	1.0M	17.4M	20.0M	21.0M
Property Plant And Equipment Net	7.1M	8.9M	9.6M	25.1M	24.7M	14.1M
Net Debt	(46.1M)	(65.1M)	(111.7M)	(142.4M)	(82.2M)	(86.4M)
Retained Earnings	(13.9M)	36.3M	191.1M	217.9M	80.0M	85.8M
Accounts Payable	1.4M	1.5M	463K	1.3M	2.3M	1.4M
Cash	48.4M	66.4M	112.8M	158.0M	96.8M	94.6M
Non Current Assets Total	15.9M	42.3M	87.2M	161.4M	166.4M	87.1M
Non Currrent Assets Other	1.3M	2.8M	2.3M	1.7M	1.5M	1.4M
Cash And Short Term Investments	86.4M	142.5M	798.1M	841.0M	762.9M	493.8M
Net Receivables	26.2M	50.3M	81.1M	107.0M	101.3M	69.9M
Short Term Investments	38.0M	76.1M	685.3M	683.0M	666.1M	399.2M
Other Current Assets	6.9M	16.5M	25.0M	27.4M	48.7M	51.1M
Other Stockholder Equity	15.0M	(81.5M)	702.6M	762.2M	823.9M	865.1M
Total Liab	137.8M	185.0M	112.8M	170.8M	178.0M	150.7M
Total Current Assets	123.0M	209.4M	904.1M	975.5M	912.9M	588.2M
Intangible Assets	393K	9.6M	7.9M	31.8M	27.3M	14.2M
Common Stock	68K	83K	192K	194K	187K	138.8K
Property Plant Equipment	7.1M	8.9M	9.6M	25.1M	28.9M	30.3M

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