DoubleVerify Holdings Inc (DV)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 85,727 | 59,024 | 26,684 |
| Total assets | US$ in thousands | 1,243,030 | 1,037,030 | 892,194 |
| Operating ROA | 6.90% | 5.69% | 2.99% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $85,727K ÷ $1,243,030K
= 6.90%
DoubleVerify Holdings Inc has shown improving operating return on assets (operating ROA) performance over the past three years. The company's operating ROA increased from 2.99% in 2021 to 5.69% in 2022, and further improved to 6.90% in 2023. This signifies that the company has been more effective in generating operating profits from its assets over time. The increasing trend in operating ROA is a positive indication of the company's operational efficiency and profitability. Investors and stakeholders may view this improvement favorably as it reflects better utilization of assets to generate operating income.
Peer comparison
Dec 31, 2023