EPAM Systems Inc (EPAM)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,656,740 | 4,741,060 | 3,750,950 | 2,654,810 | 2,281,750 |
| Property, plant and equipment | US$ in thousands | 235,053 | 273,348 | 236,214 | 169,533 | 165,259 |
| Fixed asset turnover | 19.81 | 17.34 | 15.88 | 15.66 | 13.81 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,656,740K ÷ $235,053K
= 19.81
EPAM Systems Inc's fixed asset turnover has exhibited a positive trend over the past five years, showcasing an increase from 13.88 in 2019 to 19.96 in 2023. This ratio indicates that the company efficiently generates revenue relative to the investment in fixed assets, highlighting effective utilization of its fixed assets to drive sales. The consistent improvement in fixed asset turnover implies EPAM Systems Inc's ability to optimize its asset base efficiently, potentially driving profitability and return on investment. Overall, the upward trajectory of fixed asset turnover signals operational efficiency and effective capital allocation within the company.
Peer comparison
Dec 31, 2023