EPAM Systems Inc (EPAM)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	261,057	246,498	245,114	236,592
Total assets	US$ in thousands	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	2,244,210	2,040,160	1,931,450	1,831,440
ROA		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%	11.63%	12.08%	12.69%	12.92%

December 31, 2023 calculation

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

To analyze EPAM Systems Inc's return on assets (ROA) based on the provided data, we observe fluctuations in the ROA over the eight quarters.

EPAM's ROA has been relatively stable over the quarters, ranging from a low of 9.58% in Q4 2023 to a high of 13.18% in Q1 2022. The ROA peaked in Q1 2022 but then experienced some fluctuations in the following quarters.

The trend indicates that EPAM has been successful in generating profits from its assets, with ROA consistently above 10% for most quarters. A higher ROA suggests the company is efficient in utilizing its assets to generate profits. However, the recent decline in ROA in Q4 2023 compared to the previous quarters might warrant further investigation to understand the underlying factors causing the decrease.

Overall, EPAM Systems Inc has demonstrated a strong performance in terms of return on assets, but monitoring future trends in ROA will be essential to assess the company's continued efficiency in asset utilization.