EPAM Systems Inc (EPAM)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
EPAM Systems Inc's Days Sales Outstanding (DSO) has shown a fluctuating trend over the past five years. In 2023, the DSO decreased to 69.80 days from 70.56 days in 2022, indicating an improvement in the company's ability to collect its accounts receivable. Comparing to 2021 and 2020, where the DSO was 74.68 days and 68.77 days, respectively, EPAM's efficiency in collecting receivables seems relatively stable.
However, it is notable that in 2019, the DSO was significantly higher at 79.20 days compared to the more recent years. This may suggest that EPAM has made progress in managing its accounts receivable turnover efficiency over time. Overall, monitoring the DSO trend can provide insights into the company's collection effectiveness and potential cash flow management.
Peer comparison
Dec 31, 2023