DoubleVerify Holdings Inc (DV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 656,849 | 572,543 | 452,418 | 332,741 | 243,917 |
| Total assets | US$ in thousands | 1,276,210 | 1,243,030 | 1,037,030 | 892,194 | 511,334 |
| Total asset turnover | 0.51 | 0.46 | 0.44 | 0.37 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $656,849K ÷ $1,276,210K
= 0.51
The total asset turnover ratio of DoubleVerify Holdings Inc has fluctuated over the past five years. It stood at 0.48 in December 31, 2020, declined to 0.37 by December 31, 2021, but then gradually improved to 0.51 as of December 31, 2024. This ratio indicates that, on average, the company generated $0.37 to $0.51 in revenue for every dollar of assets owned during the respective fiscal years. While the company experienced a dip in asset turnover in 2021, the subsequent increase suggests an improvement in the efficiency of asset utilization and revenue generation. Further monitoring of this ratio may provide insights into the company's operational performance and potential for future growth.
Peer comparison
Dec 31, 2024