EPAM Systems Inc (EPAM)

Number of days of payables

		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
Payables turnover		101.79	129.51	121.81	116.50	106.53	112.46	133.75	141.46	99.96	274.82	205.13	255.03	170.04	155.48	214.71	299.56	190.04	202.60	218.55	285.19
Number of days of payables	days	3.59	2.82	3.00	3.13	3.43	3.25	2.73	2.58	3.65	1.33	1.78	1.43	2.15	2.35	1.70	1.22	1.92	1.80	1.67	1.28

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 some variability over the past 8 quarters. The trend indicates that the company takes an average of around 3 days to pay its suppliers. The number of days of payables ranged from a low of 2.58 days in Q1 2022 to a high of 3.59 days in Q4 2023. This indicates that EPAM Systems Inc has been effectively managing its payables, maintaining a relatively low average number of days outstanding. Overall, the company's payables management appears efficient and stable over the historical period analyzed.