EPAM Systems Inc (EPAM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	417,083	419,416	481,652	327,160	261,057
Total assets	US$ in thousands	4,352,360	4,009,150	3,523,230	2,721,330	2,244,210
ROA		9.58%	10.46%	13.67%	12.02%	11.63%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $417,083K ÷ $4,352,360K
= 9.58%

The return on assets (ROA) for EPAM Systems Inc has shown a fluctuating trend over the past five years, declining from 11.63% in 2019 to 9.58% in 2023. Despite this decrease, the company's ROA remains relatively stable above 9% throughout the period. The highest ROA was recorded in 2021 at 13.67%, indicating strong profitability relative to the company's assets. The ROA for 2022 and 2023 saw a slight decrease compared to the peak in 2021, suggesting a potential decline in asset efficiency or profitability during those years. Overall, EPAM Systems Inc has maintained a solid performance in generating profits from its assets, but there may be opportunities for improvement in optimizing asset utilization to enhance returns in the future.