DoubleVerify Holdings Inc (DV)

Return on total capital

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	89,908	94,245	84,165	86,537	93,650	80,522	73,167	68,825	53,356	41,164	40,093	18,977	26,993	14,931	8,775	25,768	21,890	30,913	37,118
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,083,460	1,130,580	1,105,160	1,097,090	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	416,695	335,198	—
Return on total capital		8.30%	8.34%	7.62%	7.89%	8.72%	7.96%	7.83%	7.62%	6.08%	4.90%	4.88%	2.33%	3.38%	2.04%	1.22%	6.07%	5.25%	9.22%	—

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $89,908K ÷ ($—K + $1,083,460K)
= 8.30%

DoubleVerify Holdings Inc's return on total capital has shown fluctuations over the periods provided in the data. The trend indicates a generally upward trajectory, with the return increasing from 5.25% in December 2020 to 8.30% by December 2024.

The return on total capital was particularly low in June 2021 and September 2021 at 1.22% and 2.04%, respectively, before gradually increasing over subsequent periods. The highest return was recorded in December 2023 at 8.72%, followed closely by September 2024 at 8.34%.

Overall, the company's return on total capital demonstrates variations over time, but it has generally been on an upward trend, indicating potential improvements in capital utilization and profitability.