DoubleVerify Holdings Inc (DV)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 85,727 | 76,684 | 72,845 | 71,369 | 59,024 | 46,446 | 43,857 | 20,765 | 26,684 |
| 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 |
| Operating ROA | 6.90% | 6.53% | 6.73% | 6.70% | 5.69% | 4.64% | 4.49% | 2.15% | 2.99% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $85,727K ÷ $1,243,030K
= 6.90%
The operating return on assets (ROA) for DoubleVerify Holdings Inc has shown a positive trend over the past eight quarters. The Q4 2023 operating ROA of 6.90% is the highest in the dataset, indicating the company's efficiency in generating operating income relative to its assets in the most recent quarter. This represents an improvement from the previous quarter's 6.53% and continues the upward trajectory observed since Q1 2022.
Comparing the Q4 2023 operating ROA to the same quarter in the prior year, there has been a significant increase from 5.69% to 6.90%, reflecting enhanced operational performance. Furthermore, the operating ROA has consistently grown over each quarter throughout 2022 and 2023, indicating increasing profitability relative to the company's asset base.
Overall, the positive trend in DoubleVerify Holdings Inc's operating ROA suggests effective management and utilization of assets to generate operating income, potentially indicating improved operational efficiency and profitability for the company.
Peer comparison
Dec 31, 2023