DoubleVerify Holdings Inc (DV)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Revenue (ttm)	US$ in thousands	656,849	638,459	612,877	590,731	572,543	533,948	502,228	478,289	452,418	424,315	395,159	361,878	332,741	305,849	283,788	260,284	243,917	222,962	208,291
Total assets	US$ in thousands	1,276,210	1,312,350	1,272,640	1,260,190	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	511,334	475,326	—
Total asset turnover		0.51	0.49	0.48	0.47	0.46	0.45	0.46	0.45	0.44	0.42	0.40	0.37	0.37	0.38	0.36	0.51	0.48	0.47	—

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $656,849K ÷ $1,276,210K
= 0.51

The total asset turnover of DoubleVerify Holdings Inc has shown a generally increasing trend over the past few years, with values ranging from 0.36 to 0.51 as of December 31, 2024. This ratio indicates the efficiency with which the company is generating sales revenue from its total assets.

The ratios gradually improved from 0.47 on September 30, 2020, to 0.51 on March 31, 2024, before leveling off at 0.51 on December 31, 2024. This suggests that the company has been able to utilize its assets more effectively to generate sales over time.

A total asset turnover ratio above 1 would indicate that the company is generating more revenue relative to its total assets, signaling strong asset utilization efficiency. For DoubleVerify, having a total asset turnover consistently below 1 may indicate room for improvement in asset efficiency, but the increasing trend seen over the period indicates positive management of assets to drive sales.

Overall, an increasing total asset turnover ratio is a positive indicator for investors, as it implies that the company is using its assets efficiently to generate revenue.