DoubleVerify Holdings Inc (DV)

Receivables 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
Receivables	US$ in thousands	261,941	242,573	228,907	223,062	219,822	185,544	181,552	173,730	178,638	131,609	112,155	112,498
Receivables turnover		2.18	2.20	2.19	2.14	2.05	2.28	2.17	2.08	1.86

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $571,983K ÷ $261,941K
= 2.18

Based on the receivables turnover data provided for DoubleVerify Holdings Inc from Q1 2022 to Q4 2023, we observe fluctuations in the ratio over this timeframe. The receivables turnover ratio indicates the efficiency of the company in collecting outstanding receivables during a specific period.

The receivables turnover ratio has shown a slight downward trend from Q1 2022 to Q4 2023, with values ranging from 2.70 to 3.00. A decrease in the receivables turnover ratio may suggest that the company is taking longer to collect outstanding receivables, which could potentially indicate issues with the creditworthiness of customers, ineffective credit policies, or challenges in collection efforts.

However, it's important to note that a single ratio may not provide a complete picture, and additional analysis, such as comparing the ratio to industry benchmarks or analyzing changes in the company's sales or accounts receivable balance, would provide further insights into the efficiency of DoubleVerify Holdings Inc in managing its receivables.