EPAM Systems Inc (EPAM)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	4,656,750	4,778,720	4,882,220	4,826,940	4,720,160	4,556,090	4,307,578	4,075,331	3,750,945	3,360,418	3,033,459	2,780,002	2,654,811	2,570,115	2,496,974	2,421,783	2,281,749	2,155,221	2,037,895	1,935,517
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	482,061	479,650	451,354
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.47	4.25	4.29

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,656,750K ÷ $—K
= —

The receivables turnover ratio for EPAM Systems Inc has been relatively stable over the past eight quarters, ranging from 4.60 to 5.27 times. This ratio indicates the company's efficiency in collecting outstanding receivables from customers during the specified period. The higher the turnover ratio, the better the company is at converting its credit sales into cash.

EPAM Systems Inc's receivables turnover has generally been healthy, consistently above 5 times, which suggests that the company is effective in managing its accounts receivable and collecting payments in a timely manner. This efficiency in collecting receivables is crucial for maintaining healthy cash flows and liquidity.

Overall, the trend in EPAM Systems Inc's receivables turnover ratio indicates that the company has been successful in managing its credit sales and collecting payments from customers, reflecting positively on its financial health and operational efficiency.