DoubleVerify Holdings Inc (DV)

Working capital 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 current assets	US$ in thousands	559,051	579,508	559,558	550,323	533,002	469,358	492,159	476,695	445,096	405,346	386,514	370,609	367,824	424,660	430,016	148,681	141,935	103,616	—
Total current liabilities	US$ in thousands	103,482	88,197	79,525	75,368	83,855	74,750	66,248	76,010	68,910	57,863	47,984	44,688	57,033	37,615	36,091	30,680	34,020	28,208	—
Working capital turnover		1.44	1.30	1.28	1.24	1.27	1.35	1.18	1.19	1.20	1.22	1.17	1.11	1.07	0.79	0.72	2.21	2.26	2.96	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $656,849K ÷ ($559,051K – $103,482K)
= 1.44

The working capital turnover of DoubleVerify Holdings Inc has shown fluctuating trends over the analyzed periods.

From September 30, 2020, to June 30, 2021, the company's working capital turnover decreased significantly from 2.96 to 0.72, indicating a decline in the efficiency of the company in utilizing its working capital to generate sales.

Subsequently, from September 30, 2021, to December 31, 2023, the working capital turnover gradually increased to reach 1.35. This improvement suggests that the company's management may have implemented strategies to better utilize its working capital.

However, the working capital turnover slightly decreased to 1.24 as of March 31, 2024, before showing a slight increase again to 1.44 by December 31, 2024. These fluctuations imply that the company may be adjusting its working capital management strategies or experiencing variations in its sales and working capital levels.

Overall, the working capital turnover of DoubleVerify Holdings Inc indicates the company's ability to efficiently generate sales revenue in relation to its working capital levels, with variations observed throughout the analyzed periods.