EPAM Systems Inc (EPAM)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	541,408	527,390	464,439	490,212	501,239	549,222	615,421	564,095	572,966	568,156	532,053	564,307	542,316	488,642	440,914	399,066	379,324	352,076	336,245	325,701
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
Operating ROA		11.40%	11.83%	11.00%	11.21%	11.52%	13.20%	15.03%	13.86%	14.29%	15.21%	14.93%	16.09%	15.39%	15.07%	14.89%	14.35%	13.94%	13.78%	14.07%	14.09%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $541,408K ÷ $4,750,470K
= 11.40%

EPAM Systems Inc's operating return on assets (operating ROA) has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 14.09% on March 31, 2020, and showed a slight decrease to 13.78% by September 30, 2020. However, it then picked up and reached 15.39% by December 31, 2021, indicating an improvement in the company's ability to generate profits from its assets.

Subsequently, there was a notable increase in operating ROA to 16.09% on March 31, 2022, which was the highest level during the period under review. However, the operating ROA fluctuated during the following quarters, with values ranging from 13.20% on September 30, 2023, to 15.21% on September 30, 2022.

The operating ROA saw a decline towards the end of the period, dropping to 11.40% by December 31, 2024. Overall, EPAM Systems Inc's operating ROA trended positively in the initial years, peaking in 2022, but experienced fluctuations and a downward trend in the later years of the period. This suggests that the company may have faced challenges in efficiently utilizing its assets to generate operating profits towards the end of the period.