EPAM Systems Inc (EPAM)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,727,940 | 4,636,850 | 4,621,460 | 4,645,070 | 4,690,550 | 4,764,590 | 4,839,370 | 4,864,020 | 4,824,690 | 4,700,850 | 4,462,469 | 4,148,975 | 3,758,140 | 3,374,173 | 3,037,877 | 2,788,894 | 2,659,478 | 2,568,760 | 2,504,620 | 2,423,824 |
| Total assets | US$ in thousands | 4,750,470 | 4,457,200 | 4,223,330 | 4,374,580 | 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 |
| Total asset turnover | 1.00 | 1.04 | 1.09 | 1.06 | 1.08 | 1.14 | 1.18 | 1.19 | 1.20 | 1.26 | 1.25 | 1.18 | 1.07 | 1.04 | 1.03 | 1.00 | 0.98 | 1.01 | 1.05 | 1.05 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,727,940K ÷ $4,750,470K
= 1.00
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It shows how efficiently the company is using its assets to generate sales. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.
Analyzing the data provided for EPAM Systems Inc, we observe fluctuations in the total asset turnover ratio over the years. The total asset turnover ratio remained relatively stable around 1.00 to 1.05 from March 2020 to December 2023. However, there was a noticeable increase in the ratio in the following quarters, reaching a peak of 1.26 by September 30, 2022. This significant improvement suggests that EPAM Systems Inc has been able to enhance its efficiency in generating sales from its assets during this period.
Subsequently, the total asset turnover ratio started to decline gradually, settling at around 1.00 to 1.09 from March 2024 to December 2024. Despite the fluctuation, the company has generally maintained a healthy total asset turnover ratio, indicating efficient asset utilization to support revenue generation. EPAM Systems Inc should continue to monitor and optimize its asset utilization to sustain or further improve its total asset turnover ratio in the future.
Peer comparison
Dec 31, 2024