DoubleVerify Holdings Inc (DV)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 96,943 | 60,273 | 26,993 |
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,073,940 | 876,859 | 799,066 |
| Return on total capital | 9.03% | 6.87% | 3.38% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $96,943K ÷ ($—K + $1,073,940K)
= 9.03%
DoubleVerify Holdings Inc's return on total capital has shown a positive trend over the three-year period from 2021 to 2023. The return on total capital increased from 3.32% in 2021 to 6.71% in 2022, representing significant growth. Furthermore, in 2023, the return on total capital further improved to 7.94%, indicating the company's enhanced efficiency in generating profits relative to the capital employed. This upward trend signifies that DoubleVerify Holdings Inc has been effectively utilizing its total capital to generate returns for its shareholders and stakeholders. Overall, the company's increasing return on total capital demonstrates its improving operational performance and financial health over the analyzed period.
Peer comparison
Dec 31, 2023