EPAM Systems Inc (EPAM)
Receivables 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,656,740K ÷ $—K
= —
EPAM Systems Inc's receivables turnover has shown a relatively stable trend over the past five years, with values ranging from 4.61 to 5.31. The higher the receivables turnover ratio, the more efficiently the company is collecting its accounts receivable.
The company's receivables turnover ratio peaked at 5.31 in 2020 before experiencing a slight decline in 2021 and 2022. However, in 2023, the ratio increased to 5.23, indicating an improvement in the efficiency of EPAM Systems Inc's collection of outstanding receivables.
Overall, EPAM Systems Inc appears to have a relatively effective receivables management process, as indicated by its consistently moderate to high receivables turnover ratios over the past five years. It suggests that the company has been successful in converting its credit sales into cash within a reasonable time frame.
Peer comparison
Dec 31, 2023