DoubleVerify Holdings Inc (DV)
Working capital 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 current assets | US$ in thousands | 559,051 | 533,002 | 445,096 | 367,824 | 141,935 |
| Total current liabilities | US$ in thousands | 103,482 | 83,855 | 68,910 | 57,033 | 34,020 |
| Working capital turnover | 1.44 | 1.27 | 1.20 | 1.07 | 2.26 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $656,849K ÷ ($559,051K – $103,482K)
= 1.44
Based on the provided data, DoubleVerify Holdings Inc's working capital turnover has shown a fluctuating trend over the years. The working capital turnover ratio measures a company's ability to efficiently utilize its working capital to generate revenue.
In 2020, the working capital turnover ratio was 2.26, indicating that DoubleVerify effectively converted its working capital into revenue. However, in subsequent years, the ratio declined to 1.07 in 2021, 1.20 in 2022, 1.27 in 2023, and finally increased to 1.44 in 2024.
The decreasing trend from 2020 to 2023 suggests that the company may have become less efficient in utilizing its working capital during those years. It's positive to note the improvement in 2024, indicating a potential enhancement in working capital management efficiency.
Overall, the trend in DoubleVerify's working capital turnover indicates fluctuations in the company's ability to generate revenue from its working capital, highlighting the importance of consistent monitoring and optimization of working capital management strategies.
Peer comparison
Dec 31, 2024