Doximity Cash vs Accounts Payable Analysis

DOCS Stock

USD 28.49 0.78 2.81%

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 Cash and its Accounts Payable 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.

Cash vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Doximity Cash account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.

The correlation between Doximity's Cash and Accounts Payable is 0.33. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Doximity, assuming nothing else is changed. The correlation between historical values of Doximity's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Doximity are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Doximity's Cash and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Doximity, which is listed under current asset account on Doximity balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Doximity customers. The amounts must be unrestricted with restricted cash listed in a different Doximity account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Accounts Payable

An accounting item on the balance sheet that represents Doximity obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Doximity are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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		-0.04	0.94	0.99	0.79	0.95	0.92	-0.94	0.94	0.41	0.95	0.97	-0.42	0.95	1.0	0.98	0.92	1.0	0.82	0.81	0.64	0.75	1.0	0.9	0.99	0.86
Other Current Liab	-0.04		-0.2	0.05	0.12	-0.01	-0.11	0.24	-0.25	-0.08	-0.21	-0.02	-0.34	-0.05	-0.03	-0.13	-0.16	-0.01	-0.49	0.05	0.19	-0.52	-0.04	0.02	-0.18	-0.08
Total Current Liabilities	0.94	-0.2		0.9	0.81	0.9	0.96	-0.91	0.9	0.6	0.93	0.97	-0.45	0.9	0.92	0.99	0.93	0.91	0.94	0.82	0.67	0.91	0.93	0.93	0.96	0.9
Total Stockholder Equity	0.99	0.05	0.9		0.77	0.94	0.88	-0.92	0.93	0.33	0.93	0.95	-0.41	0.94	1.0	0.96	0.88	1.0	0.75	0.78	0.62	0.67	1.0	0.88	0.97	0.82
Other Liab	0.79	0.12	0.81	0.77		0.87	0.88	-0.7	0.65	0.69	0.75	0.87	-0.77	0.87	0.76	0.82	0.93	0.75	0.63	0.91	0.97	0.69	0.77	0.88	0.76	0.97
Net Tangible Assets	0.95	-0.01	0.9	0.94	0.87		0.87	-0.87	0.87	0.43	0.89	0.92	-0.61	1.0	0.95	0.93	0.94	0.95	0.77	0.93	0.73	0.72	0.95	0.84	0.95	0.92
Property Plant And Equipment Net	0.92	-0.11	0.96	0.88	0.88	0.87		-0.87	0.83	0.69	0.9	0.98	-0.49	0.87	0.89	0.96	0.95	0.88	0.85	0.8	0.8	0.87	0.9	0.98	0.91	0.93
Net Debt	-0.94	0.24	-0.91	-0.92	-0.7	-0.87	-0.87		-0.99	-0.27	-1.0	-0.9	0.19	-0.87	-0.94	-0.94	-0.9	-0.93	-0.83	-0.67	-0.55	-0.77	-0.94	-0.86	-0.95	-0.79
Retained Earnings	0.94	-0.25	0.9	0.93	0.65	0.87	0.83	-0.99		0.21	0.98	0.88	-0.16	0.87	0.95	0.93	0.87	0.94	0.83	0.66	0.48	0.75	0.95	0.82	0.96	0.75
Accounts Payable	0.41	-0.08	0.6	0.33	0.69	0.43	0.69	-0.27	0.21		0.33	0.59	-0.67	0.44	0.34	0.52	0.57	0.34	0.59	0.61	0.72	0.71	0.37	0.64	0.42	0.7
Cash	0.95	-0.21	0.93	0.93	0.75	0.89	0.9	-1.0	0.98	0.33		0.93	-0.24	0.89	0.95	0.96	0.93	0.93	0.83	0.7	0.62	0.79	0.95	0.9	0.96	0.83
Non Current Assets Total	0.97	-0.02	0.97	0.95	0.87	0.92	0.98	-0.9	0.88	0.59	0.93		-0.5	0.92	0.95	0.99	0.94	0.95	0.84	0.82	0.76	0.81	0.96	0.97	0.95	0.91
Non Currrent Assets Other	-0.42	-0.34	-0.45	-0.41	-0.77	-0.61	-0.49	0.19	-0.16	-0.67	-0.24	-0.5		-0.61	-0.39	-0.43	-0.56	-0.41	-0.3	-0.84	-0.77	-0.35	-0.4	-0.46	-0.39	-0.71
Other Assets	0.95	-0.05	0.9	0.94	0.87	1.0	0.87	-0.87	0.87	0.44	0.89	0.92	-0.61		0.94	0.93	0.95	0.94	0.78	0.93	0.73	0.73	0.95	0.84	0.95	0.93
Cash And Short Term Investments	1.0	-0.03	0.92	1.0	0.76	0.95	0.89	-0.94	0.95	0.34	0.95	0.95	-0.39	0.94		0.97	0.9	1.0	0.8	0.79	0.6	0.71	1.0	0.87	0.99	0.83
Net Receivables	0.98	-0.13	0.99	0.96	0.82	0.93	0.96	-0.94	0.93	0.52	0.96	0.99	-0.43	0.93	0.97		0.95	0.96	0.89	0.81	0.68	0.85	0.98	0.94	0.98	0.9
Common Stock Shares Outstanding	0.92	-0.16	0.93	0.88	0.93	0.94	0.95	-0.9	0.87	0.57	0.93	0.94	-0.56	0.95	0.9	0.95		0.89	0.83	0.88	0.83	0.84	0.91	0.92	0.92	0.98
Short Term Investments	1.0	-0.01	0.91	1.0	0.75	0.95	0.88	-0.93	0.94	0.34	0.93	0.95	-0.41	0.94	1.0	0.96	0.89		0.78	0.79	0.59	0.69	1.0	0.86	0.98	0.82
Inventory	0.82	-0.49	0.94	0.75	0.63	0.77	0.85	-0.83	0.83	0.59	0.83	0.84	-0.3	0.78	0.8	0.89	0.83	0.78		0.7	0.48	0.97	0.81	0.79	0.88	0.79
Other Current Assets	0.81	0.05	0.82	0.78	0.91	0.93	0.8	-0.67	0.66	0.61	0.7	0.82	-0.84	0.93	0.79	0.81	0.88	0.79	0.7		0.8	0.7	0.8	0.75	0.81	0.93
Other Stockholder Equity	0.64	0.19	0.67	0.62	0.97	0.73	0.8	-0.55	0.48	0.72	0.62	0.76	-0.77	0.73	0.6	0.68	0.83	0.59	0.48	0.8		0.59	0.62	0.82	0.6	0.9
Total Liab	0.75	-0.52	0.91	0.67	0.69	0.72	0.87	-0.77	0.75	0.71	0.79	0.81	-0.35	0.73	0.71	0.85	0.84	0.69	0.97	0.7	0.59		0.73	0.8	0.81	0.83
Total Current Assets	1.0	-0.04	0.93	1.0	0.77	0.95	0.9	-0.94	0.95	0.37	0.95	0.96	-0.4	0.95	1.0	0.98	0.91	1.0	0.81	0.8	0.62	0.73		0.89	0.99	0.84
Intangible Assets	0.9	0.02	0.93	0.88	0.88	0.84	0.98	-0.86	0.82	0.64	0.9	0.97	-0.46	0.84	0.87	0.94	0.92	0.86	0.79	0.75	0.82	0.8	0.89		0.88	0.9
Common Stock	0.99	-0.18	0.96	0.97	0.76	0.95	0.91	-0.95	0.96	0.42	0.96	0.95	-0.39	0.95	0.99	0.98	0.92	0.98	0.88	0.81	0.6	0.81	0.99	0.88		0.86
Property Plant Equipment	0.86	-0.08	0.9	0.82	0.97	0.92	0.93	-0.79	0.75	0.7	0.83	0.91	-0.71	0.93	0.83	0.9	0.98	0.82	0.79	0.93	0.9	0.83	0.84	0.9	0.86

Click cells to compare fundamentals

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	16.3M	25.3M	31.2M	43.7M	29.6M
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	(25.9M)	(24.6M)
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	10.7M	25.0M	22.3M	48.7M	51.1M
Other Stockholder Equity	15.0M	(51.1M)	(288.8M)	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

Pair Trading with Doximity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Doximity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Doximity will appreciate offsetting losses from the drop in the long position's value.

Moving against Doximity Stock

0.5

DYNT

Dynatronics Fiscal Year End 26th of September 2024

Pair Corr

The ability to find closely correlated positions to Doximity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doximity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Doximity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Doximity to buy it.

The correlation of Doximity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doximity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doximity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Doximity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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.

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