EPAM Systems Inc (EPAM)
Days of sales outstanding (DSO)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.47 | 4.25 | 4.29 | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 81.64 | 85.91 | 85.12 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze EPAM Systems Inc's Days Sales Outstanding (DSO) over the past eight quarters, we can observe a slight decrease in DSO from Q1 2022 to Q3 2023. In Q1 2022, DSO was at its highest point of 79.29 days, and it gradually decreased to 69.20 days in Q2 2023. However, there was a slight increase in DSO in Q4 2023 compared to Q2 and Q3 2023.
Overall, it is notable that EPAM Systems Inc has been able to manage its DSO relatively well, staying within a narrow range between 69 to 79 days over the past eight quarters. This indicates that the company's accounts receivable management has been consistent, aiming to collect payments from customers in a timely manner. Further analysis is recommended to understand the specific factors contributing to these trends in DSO and evaluate the effectiveness of EPAM Systems Inc's credit and collection policies.
Peer comparison
Dec 31, 2023