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