DoubleVerify Holdings Inc (DV)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 71,466 | 43,268 | 29,308 |
| Total assets | US$ in thousands | 1,243,030 | 1,037,030 | 892,194 |
| ROA | 5.75% | 4.17% | 3.28% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $71,466K ÷ $1,243,030K
= 5.75%
DoubleVerify Holdings Inc's return on assets (ROA) has shown a positive trend over the past three years. The ROA increased from 3.28% in 2021 to 4.17% in 2022 and further improved to 5.75% in 2023. This indicates that the company has been able to generate more profit relative to its total assets each year.
A rising ROA is a positive sign as it suggests that the company is effectively utilizing its assets to generate earnings. It also reflects efficient management of assets to generate profits.
Overall, the increasing trend in DoubleVerify Holdings Inc's ROA demonstrates the company's improving efficiency in generating profits from its assets over the three-year period.
Peer comparison
Dec 31, 2023