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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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.
Peer comparison
Dec 31, 2023