EPAM Systems Inc (EPAM)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	3,256,510	3,286,680	2,483,700	1,732,520	1,488,200
Inventory	US$ in thousands	0	0	—	0	0
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,256,510K ÷ $0K
= —

To calculate EPAM Systems Inc's inventory turnover, we need to use the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory

Given that the data required to calculate the inventory turnover ratio is not provided in the table, we are unable to perform the analysis at this time. The inventory turnover ratio is a crucial metric to assess how efficiently a company is managing its inventory levels and converting them into sales. A higher inventory turnover generally indicates that the company is selling its inventory quickly, which is positive for cash flow and profitability. Conversely, a low inventory turnover may suggest overstocking or slow-moving inventory, which can tie up resources and negatively impact financial performance. Further details or additional data would be necessary to evaluate EPAM Systems Inc's inventory turnover effectively.