EPAM Systems Inc (EPAM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 101.79 | 106.53 | 99.96 | 170.04 | 190.04 | |
| Number of days of payables | days | 3.59 | 3.43 | 3.65 | 2.15 | 1.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 101.79
= 3.59
EPAM Systems Inc's number of days of payables has shown a fluctuating trend over the past five years. The metric measures how long, on average, the company takes to pay its suppliers.
In 2023, EPAM's number of days of payables increased to 3.59 days from 3.43 days in 2022. This suggests that the company took slightly longer to settle its payables in 2023 compared to the previous year.
Compared to 2021, the number of days of payables decreased from 3.65 days to 3.43 days in 2022, indicating an improvement in the company's efficiency in paying its suppliers promptly.
In 2020, the number of days of payables increased significantly to 2.15 days from 1.92 days in 2019, reflecting a lengthening of the company's payment cycle that year.
Overall, while EPAM Systems Inc's number of days of payables has seen some fluctuations, it is essential to monitor this metric over time to assess the company's working capital management and its relationship with suppliers.
Peer comparison
Dec 31, 2023