EPAM Systems Inc (EPAM)
Total asset 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 |
| Total assets | US$ in thousands | 4,352,360 | 4,009,150 | 3,523,230 | 2,721,330 | 2,244,210 |
| Total asset turnover | 1.07 | 1.18 | 1.06 | 0.98 | 1.02 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,656,740K ÷ $4,352,360K
= 1.07
The total asset turnover of EPAM Systems Inc has fluctuated over the past five years, ranging from 0.98 to 1.20. The ratio indicates the company's ability to generate revenue relative to its total assets. A higher total asset turnover ratio suggests that the company is more efficient in utilizing its assets to generate sales.
In 2023, the total asset turnover ratio was 1.08, slightly lower than the previous year's 1.20. This may indicate a decrease in the company's efficiency in generating revenue from its assets. However, it is important to consider other factors such as changes in the business environment and industry dynamics that could impact the ratio.
Overall, while there has been variability in the total asset turnover ratio of EPAM Systems Inc, further analysis of the company's financial performance and operational efficiency is necessary to assess the reasons behind these fluctuations and their implications for the company's financial health and future prospects.
Peer comparison
Dec 31, 2023