DoubleVerify Holdings Inc (DV)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 71,466 | 56,429 | 53,413 | 50,864 | 43,268 | 53,508 | 51,101 | 28,243 | 29,308 |
| 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 |
| ROA | 5.75% | 4.80% | 4.93% | 4.78% | 4.17% | 5.34% | 5.24% | 2.92% | 3.28% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $71,466K ÷ $1,243,030K
= 5.75%
To analyze DoubleVerify Holdings Inc's return on assets (ROA) over the past eight quarters, we observe fluctuations in the ratio. ROA measures the company's ability to generate profit from its assets.
The ROA has shown variability, ranging from a low of 2.92% in Q1 2022 to a high of 5.75% in Q4 2023. This indicates that the company's efficiency in generating earnings relative to its total assets has fluctuated over the period.
In the latest quarter, Q4 2023, the ROA increased to 5.75% from the previous quarter's 4.80%, signaling improved asset utilization and profitability. However, it is important to note that the ROA is influenced by both the net income and the average total assets, thus changes in either metric can impact the ratio.
Overall, DoubleVerify Holdings Inc has shown some level of consistency in maintaining ROA above 4%, with occasional spikes and dips. Investors and stakeholders should continue to monitor the company's financial performance to assess its ability to generate profit relative to its asset base.
Peer comparison
Dec 31, 2023