DoubleVerify Holdings Inc (DV)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 71,466 | 43,268 | 29,308 |
| Total stockholders’ equity | US$ in thousands | 1,073,940 | 876,859 | 799,066 |
| ROE | 6.65% | 4.93% | 3.67% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $71,466K ÷ $1,073,940K
= 6.65%
DoubleVerify Holdings Inc has shown a consistent improvement in its return on equity (ROE) over the past three years based on the provided data.
Starting with an ROE of 3.67% in 2021, the company saw a significant increase to 4.93% in 2022, indicating a positive trend in the company's ability to generate profit relative to shareholders' equity. This improvement was further enhanced by achieving an ROE of 6.65% in 2023, demonstrating continued growth in the utilization of equity to generate earnings for shareholders.
The upward trajectory of DoubleVerify's ROE suggests that the company is effectively leveraging its equity to generate profits and create shareholder value. This improvement in ROE over the three-year period reflects well on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023