EPAM Systems Inc (EPAM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,727,940 | 4,690,540 | 4,824,700 | 3,758,140 | 2,659,480 |
| Property, plant and equipment | US$ in thousands | — | — | 273,348 | 421,055 | 169,533 |
| Fixed asset turnover | — | — | 17.65 | 8.93 | 15.69 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,727,940K ÷ $—K
= —
Fixed Asset Turnover is a financial ratio that measures a company's ability to generate sales from its fixed assets. The ratio is calculated by dividing net sales by average fixed assets.
EPAM Systems Inc's Fixed Asset Turnover showed a significant decline from 15.69 in December 31, 2020, to 8.93 in December 31, 2021. This drop could indicate inefficiencies in asset utilization or a decrease in sales relative to the investment in fixed assets.
However, the company managed to improve its Fixed Asset Turnover to 17.65 in December 31, 2022, suggesting a more efficient use of fixed assets to generate sales. The data for December 31, 2023, and December 31, 2024, is not available (represented as "—" in the dataset), so it is unclear how the ratio evolved in those periods.
Overall, the trend in EPAM Systems Inc's Fixed Asset Turnover indicates fluctuations in the company's ability to efficiently generate sales from its fixed assets, with a notable improvement in 2022 following a decline in 2021. Additional information would be needed to fully understand the factors influencing these changes and assess the company's asset management effectiveness.
Peer comparison
Dec 31, 2024