DoubleVerify Holdings Inc (DV)

Total asset 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
Total assets	US$ in thousands	1,243,030	1,175,180	1,082,660	1,064,860	1,037,030	1,001,420	976,017	965,683	892,194	805,997	790,102	514,394
Total asset turnover		0.46	0.45	0.46	0.45	0.43	0.42	0.40	0.37	0.37

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $571,983K ÷ $1,243,030K
= 0.46

The total asset turnover of DoubleVerify Holdings Inc has shown a generally increasing trend from Q1 2022 to Q4 2023, indicating that the company is becoming more efficient in generating sales revenue relative to its total assets. This improvement suggests that DoubleVerify is utilizing its assets more effectively to generate revenue. The company's total asset turnover has increased steadily from 0.37 in Q1 2022 to 0.46 in Q4 2023, demonstrating a positive trend in asset utilization. This upward trajectory indicates that DoubleVerify is managing its assets more efficiently over time, potentially leading to improved profitability and overall financial performance.