DoubleVerify Holdings Inc (DV)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 572,598 | 450,433 | 332,738 |
| Total assets | US$ in thousands | 1,243,030 | 1,037,030 | 892,194 |
| Total asset turnover | 0.46 | 0.43 | 0.37 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $572,598K ÷ $1,243,030K
= 0.46
The total asset turnover ratio of DoubleVerify Holdings Inc has shown an increasing trend over the past three years, indicating an improvement in the company's efficiency in generating sales from its total assets.
In 2021, the total asset turnover was 0.37, which means that for every dollar of total assets, the company generated $0.37 in sales. This ratio increased to 0.44 in 2022 and further improved to 0.46 in 2023.
The increasing trend in total asset turnover suggests that DoubleVerify Holdings Inc has been more effective at utilizing its assets to generate revenue over time. This improvement in efficiency can be a positive signal for investors as it shows that the company is becoming more productive in generating sales relative to its total asset base.
Peer comparison
Dec 31, 2023