DoubleVerify Holdings Inc (DV)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,073,940	1,011,280	934,222	903,198	876,859	840,015	821,335	813,689	799,066	732,756	719,416	424,616
ROE		6.65%	5.58%	5.72%	5.63%	4.93%	6.37%	6.22%	3.47%	3.67%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $71,466K ÷ $1,073,940K
= 6.65%

The return on equity (ROE) for DoubleVerify Holdings Inc has shown some fluctuations over the past eight quarters. The ROE ranged from 3.47% in Q1 2022 to 6.65% in Q4 2023. Although there have been variations, the company has generally maintained ROE figures above 5% in recent quarters, indicating a relatively stable performance in generating profits from shareholders' equity.

It is notable that there was a significant improvement in ROE from Q1 2022 to Q4 2023, which suggests that the company may have taken steps to enhance its profitability and efficiency in utilizing shareholder funds. However, the consistency of these improvements over time would require further analysis to determine the underlying factors driving these changes.

Overall, the ROE trend for DoubleVerify Holdings Inc indicates a moderate level of profitability generated from shareholders' equity during the period covered by the data. Further analysis and comparison with industry benchmarks would be beneficial to provide a more thorough assessment of the company's financial performance and its ability to generate returns for shareholders.