DoubleVerify Holdings Inc (DV)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 2.18 | 2.20 | 2.19 | 2.14 | 2.05 | 2.28 | 2.17 | 2.08 | 1.86 |
| Payables turnover | 27.95 | 35.08 | 36.05 | 28.56 | 44.69 | 23.39 | 45.25 | 70.93 | 63.16 |
| Working capital turnover | 1.27 | 1.35 | 1.18 | 1.19 | 1.20 | 1.22 | 1.16 | 1.11 | 1.07 |
The Receivables Turnover ratio for DoubleVerify Holdings Inc has been consistent over the past eight quarters, ranging from 2.71 to 3.00. This indicates that the company efficiently collects its outstanding receivables, on average, between 2.71 and 3.00 times a year.
The Payables Turnover ratio shows variability, with a range from 5.88 to 15.98 over the same period. This indicates that the company's payment cycle to its suppliers and vendors varies significantly, with higher turnovers indicating a shorter time taken to pay off payables.
The Working Capital Turnover ratio has also been relatively stable, ranging from 1.11 to 1.35. This ratio reflects how efficiently the company is using its working capital to generate sales revenue over the period.
However, the lack of data for the Inventory Turnover ratio makes it challenging to assess the efficiency of managing inventory levels. As this ratio measures how quickly a company sells its inventory, it would be valuable to have this data to complete the analysis of DoubleVerify Holdings Inc's activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 167.15 | 166.11 | 166.65 | 170.91 | 178.10 | 159.93 | 168.18 | 175.43 | 196.24 |
| Number of days of payables | days | 13.06 | 10.41 | 10.12 | 12.78 | 8.17 | 15.61 | 8.07 | 5.15 | 5.78 |
Days of Inventory on Hand (DOH) for DoubleVerify Holdings Inc cannot be calculated based on the provided data.
Days of Sales Outstanding (DSO) have been relatively stable over the past eight quarters, ranging from 121.67 days to 134.83 days. A decreasing trend in DSO would indicate that the company is collecting receivables more quickly, while an increasing trend may suggest inefficiencies in collecting outstanding payments.
Number of Days of Payables shows significant fluctuations over the quarters, ranging from 22.84 days to 62.03 days. A lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number reflects a longer time to settle payables.
Overall, DoubleVerify appears to be managing its accounts receivable and accounts payable efficiently based on the stable DSO levels and fluctuations in the days of payables. However, a more detailed analysis of the company's industry benchmarks and historical trends would provide a clearer picture of its performance in managing working capital.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 9.86 | 9.56 | 9.15 | 9.75 | 9.58 | 9.96 | 15.79 | 18.87 | 18.91 |
| Total asset turnover | 0.46 | 0.45 | 0.46 | 0.45 | 0.43 | 0.42 | 0.40 | 0.37 | 0.37 |
The fixed asset turnover ratio measures how effectively a company is using its fixed assets to generate revenue. For DoubleVerify Holdings Inc, the fixed asset turnover has been consistently high, ranging from 9.17 to 9.87 over the past eight quarters. This suggests that the company is efficiently utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio indicates how efficiently a company is using all its assets to generate sales. DoubleVerify's total asset turnover has also shown a positive trend, increasing from 0.37 in Q1 2022 to 0.46 in Q4 2023. This indicates that the company has been improving its efficiency in generating revenues relative to its total assets.
Overall, the trend in both fixed asset turnover and total asset turnover ratios for DoubleVerify Holdings Inc indicates that the company is effectively utilizing its assets to generate sales and optimize its operational efficiency in the long term.