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	Sep 30, 2021	Jun 30, 2021	Mar 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	805,997	790,102	514,394
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.