DoubleVerify Holdings Inc (DV)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 361,440 | 338,077 | 318,579 | 304,835 | 298,276 | 292,087 | 273,093 | 271,006 | 243,359 | |||
| Payables | US$ in thousands | 12,932 | 9,638 | 8,837 | 10,672 | 6,675 | 12,489 | 6,035 | 3,821 | 3,853 | 4,105 | 4,122 | 3,567 |
| Payables turnover | 27.95 | 35.08 | 36.05 | 28.56 | 44.69 | 23.39 | 45.25 | 70.93 | 63.16 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $361,440K ÷ $12,932K
= 27.95
The payables turnover ratio for DoubleVerify Holdings Inc has shown fluctuations over the past eight quarters, ranging from a low of 5.88 in Q3 2022 to a high of 15.98 in Q1 2022. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a period the company pays off its average accounts payable balance.
A higher payables turnover ratio generally indicates that a company is paying its suppliers more frequently, which may suggest stronger liquidity or more efficient cash management. Conversely, a lower ratio may imply slower payment to suppliers, which could signal potential liquidity issues or inefficiencies in the company's accounts payable processes.
Based on the data provided, it is evident that the payables turnover ratio has been volatile, with no clear trend in place. It is essential for stakeholders to monitor this metric alongside other financial indicators to gain a comprehensive understanding of DoubleVerify Holdings Inc's financial health and operational efficiency.
Peer comparison
Dec 31, 2023