EPAM Systems Inc (EPAM)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	454,533	417,083	419,416	481,652	327,160
Total assets	US$ in thousands	4,750,470	4,352,360	4,009,150	3,523,230	2,721,330
ROA		9.57%	9.58%	10.46%	13.67%	12.02%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $454,533K ÷ $4,750,470K
= 9.57%

The return on assets (ROA) for EPAM Systems Inc has shown fluctuation over the past five years. The ROA was 12.02% as of December 31, 2020, indicating that the company generated 12.02 cents of profit for every dollar of assets. It then improved to 13.67% by the end of 2021, suggesting enhanced profitability from its asset base.

However, there was a decline in ROA to 10.46% by December 31, 2022, and a further decrease to 9.58% by December 31, 2023. This trend may indicate a decrease in efficiency in generating earnings from its assets during these periods.

By December 31, 2024, the ROA remained relatively stable at 9.57%, indicating a potential stabilization in the company's ability to generate profits relative to its asset base.

Overall, the trend in EPAM Systems Inc's ROA suggests variations in the company's profitability relative to its asset utilization over the five-year period, with a notable improvement in 2021 followed by a slight decline in subsequent years. Further analysis of the company's financial performance and strategic decisions may provide insights into the factors influencing these fluctuations in ROA.