EPAM Systems Inc (EPAM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,727,940 | 4,690,540 | 4,824,700 | 3,758,140 | 2,659,480 |
| Total assets | US$ in thousands | 4,750,470 | 4,352,360 | 4,009,150 | 3,523,230 | 2,721,330 |
| Total asset turnover | 1.00 | 1.08 | 1.20 | 1.07 | 0.98 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,727,940K ÷ $4,750,470K
= 1.00
The total asset turnover ratio for EPAM Systems Inc has shown a fluctuating trend over the past five years. Starting at 0.98 in December 31, 2020, it increased to 1.07 by December 31, 2021, indicating that the company generated $1.07 in sales for every $1 of assets during that period.
Subsequently, the ratio further improved to 1.20 by December 31, 2022, signaling an efficient utilization of assets to generate revenue. However, there was a slight decline to 1.08 by December 31, 2023, before settling back to 1.00 by December 31, 2024.
Overall, a total asset turnover ratio above 1 suggests that EPAM Systems Inc is effectively managing its assets to generate sales, with the peak of 1.20 in December 31, 2022, reflecting a particularly strong performance in this aspect. Investors and stakeholders may view this positively, as it indicates the company's ability to generate revenue relative to its asset base.
Peer comparison
Dec 31, 2024