EPAM Systems Inc (EPAM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,470,890 | 3,001,530 | 2,487,120 | 1,983,020 | 1,596,140 |
| ROE | 12.02% | 13.97% | 19.37% | 16.50% | 16.36% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $417,083K ÷ $3,470,890K
= 12.02%
EPAM Systems Inc has shown a fluctuating return on equity (ROE) over the past five years. The ROE decreased from 16.36% in 2019 to 16.50% in 2020, indicating a slight decrease. However, there was a more notable decrease in 2021 to 19.37%, followed by a further decline to 13.97% in 2022. The trend continued with a ROE of 12.02% in 2023.
The decreasing trend in ROE over the years could suggest potential challenges in efficiently utilizing shareholder equity to generate profits. It is important for investors and stakeholders to further investigate the factors contributing to this decline in ROE to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023