DoubleVerify Holdings Inc (DV)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	572,598	450,433	332,738
Property, plant and equipment	US$ in thousands	58,020	47,034	17,575
Fixed asset turnover		9.87	9.58	18.93

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $572,598K ÷ $58,020K
= 9.87

DoubleVerify Holdings Inc's fixed asset turnover has been relatively stable over the past three years. In 2021, the company achieved a high fixed asset turnover of 18.93, indicating that it generated $18.93 in revenue for every dollar invested in fixed assets. This was followed by a slight decrease to 9.62 in 2022 before rebounding to 9.87 in 2023.

A fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. A higher turnover ratio signifies that the company is effectively utilizing its fixed assets to generate sales.

While the fluctuation in the fixed asset turnover ratio may indicate changing business strategies or investment patterns, overall, DoubleVerify Holdings Inc appears to be efficiently leveraging its fixed assets to generate revenue. However, further analysis and comparison with industry peers would provide a more comprehensive understanding of the company's performance in this aspect.