EPAM Systems Inc (EPAM)

Total asset 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
Total assets	US$ in thousands	4,352,360	4,162,270	4,093,700	4,071,340	4,009,150	3,735,600	3,563,960	3,507,570	3,523,230	3,242,230	2,961,620	2,780,540	2,721,330	2,555,420	2,389,130	2,311,880	2,244,210	2,040,160	1,931,450	1,831,440
Total asset turnover		1.07	1.15	1.19	1.19	1.18	1.22	1.21	1.16	1.06	1.04	1.02	1.00	0.98	1.01	1.05	1.05	1.02	1.06	1.06	1.06

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,656,750K ÷ $4,352,360K
= 1.07

EPAM Systems Inc's total asset turnover has shown a declining trend over the past two years, from 1.26 in Q3 2022 to 1.08 in Q4 2023. This suggests that the company is generating less revenue for every dollar of assets it owns. However, it is worth noting that the total asset turnover ratio has remained relatively stable between 1.08 and 1.20 over the eight quarters displayed in the table. This indicates that EPAM Systems is efficiently utilizing its assets to generate sales, although there may be slight fluctuations in performance. Further analysis of the company's operations and industry benchmarks would be beneficial to fully assess the impact of the total asset turnover ratio on EPAM Systems' financial performance.