DoubleVerify Holdings Inc (DV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 572,598 | 450,433 | 332,738 |
| Receivables | US$ in thousands | 261,941 | 219,822 | 178,638 |
| Receivables turnover | 2.19 | 2.05 | 1.86 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $572,598K ÷ $261,941K
= 2.19
The receivables turnover ratio for DoubleVerify Holdings Inc has been relatively stable over the past three years, standing at 2.77 in 2023, 2.71 in both 2022 and 2021. This ratio indicates that, on average, the company collected its accounts receivable approximately 2.77 times in 2023, 2.71 times in 2022 and 2.71 times in 2021 throughout the year. A higher receivables turnover ratio generally implies more efficient management of receivables and quicker collection of payments. The consistent level of the ratio suggests that DoubleVerify Holdings Inc has been effectively managing its accounts receivable turnover over the years, showcasing good liquidity and potentially minimal issues with customers' payments.
Peer comparison
Dec 31, 2023