DoubleVerify Holdings Inc (DV)

Days of sales outstanding (DSO)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Receivables turnover		2.18	2.20	2.19	2.14	2.05	2.28	2.17	2.08	1.86
DSO	days	167.15	166.11	166.65	170.91	178.10	159.93	168.18	175.43	196.24

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 2.18
= 167.15

Days Sales Outstanding (DSO) is a measure of how long, on average, it takes a company to collect payment from its customers after making a sale. A lower DSO indicates that the company is able to collect payments more quickly, which is generally seen as a positive indicator of financial health.

Analyzing the DSO trend for DoubleVerify Holdings Inc over the past eight quarters reveals fluctuations in the collection period. In Q4 2023, the DSO was 131.93 days, showing a slight increase from the previous quarter but still relatively steady. Looking back further, the DSO has fluctuated around the 130-day mark with some peaks and troughs.

Comparing the latest DSO figure with Q1 2022, there seems to be a relatively stable collection period despite some variability over the quarters. The company's ability to manage its accounts receivable effectively seems to have improved since Q2 2022 when DSO peaked at 135.19 days.

Overall, while there is variability in the DSO metric for DoubleVerify Holdings Inc, the company appears to have maintained a moderate level of efficiency in collecting payments from customers over the past two years.