Return on Invested Capital (ROIC): 15.35%

Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 15.35% is in line with its 5-year average of 14.38%, around the middle of its 5-year range (9.68%–20.54%).

As of the fiscal period ended Tuesday, June 30, 2026. 16.78% below its 12-month average of 18.44%.

DOCS Return on Invested Capital (ROIC) Metrics

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Doximity, Inc. (DOCS)?

The return on invested capital (ROIC) for DOCS stock is 15.35%.

Is Doximity, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 15.35% is in line with its 5-year average of 14.38%, around the middle of its 5-year range (9.68%–20.54%).

What is the TTM average return on invested capital (ROIC) for Doximity, Inc. (DOCS)?

The TTM average return on invested capital (ROIC) for DOCS stock is 18.44%.

What is the 3Y average return on invested capital (ROIC) for Doximity, Inc. (DOCS)?

The 3Y average return on invested capital (ROIC) for DOCS stock is 15.96%.

What is the 5Y average return on invested capital (ROIC) for Doximity, Inc. (DOCS)?

The 5Y average return on invested capital (ROIC) for DOCS stock is 14.38%.

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