DoubleVerify Holdings Inc (DV)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	571,983	533,023	501,366	476,373	450,505	423,463	394,017	361,473	332,256
Property, plant and equipment	US$ in thousands	58,020	55,764	54,793	48,842	47,034	42,511	24,958	19,152	17,575	16,693	17,572	18,948
Fixed asset turnover		9.86	9.56	9.15	9.75	9.58	9.96	15.79	18.87	18.91

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $571,983K ÷ $58,020K
= 9.86

The fixed asset turnover ratio for DoubleVerify Holdings Inc has been relatively stable over the past eight quarters, ranging from 9.17 to 18.90. This ratio measures the company's ability to generate sales revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets more efficiently to generate revenue.

In the most recent quarter, Q4 2023, the fixed asset turnover was 9.87, showing a slight improvement compared to the previous quarter. This suggests that the company has been able to increase its sales relative to its investment in fixed assets.

Overall, the trend in the fixed asset turnover ratio for DoubleVerify Holdings Inc indicates that the company has been effectively utilizing its fixed assets to drive revenue generation. However, it is important to continue monitoring this ratio to ensure that the company's asset utilization remains optimal.