EPAM Systems Inc (EPAM)

Return on assets (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
Net income (ttm) US$ in thousands 454,533 448,788 409,646 431,034 417,083 474,568 533,418 431,989 419,416 406,656 366,258 462,325 481,652 424,912 398,688 350,641 327,160 316,145 293,715 285,868
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
ROA 9.57% 10.07% 9.70% 9.85% 9.58% 11.40% 13.03% 10.61% 10.46% 10.89% 10.28% 13.18% 13.67% 13.11% 13.46% 12.61% 12.02% 12.37% 12.29% 12.37%

December 31, 2024 calculation

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

Based on the provided data, EPAM Systems Inc has shown fluctuations in its return on assets (ROA) over the analyzed period. The ROA ranged from a high of 13.67% on December 31, 2021, to a low of 9.57% on December 31, 2024. The trend in ROA indicates a general pattern of stability in the mid-teens percentage range until the second half of 2022, where a decline is observed, reaching a low point at the end of 2024.

The average ROA for EPAM Systems Inc over the period analyzed is approximately 11.66%, suggesting that, on average, the company generates about $0.1166 in net income for every dollar of assets it possesses. It is important to note that a higher ROA indicates that the company is more efficient in generating profits from its assets.

The declining trend in ROA towards the end of the period may indicate potential issues with asset utilization or profitability that may need further investigation. It would be beneficial for stakeholders and investors to closely monitor EPAM Systems Inc's financial performance and assess the company's strategies to address the declining ROA in order to ensure sustained profitability and efficiency in asset utilization.