EPAM Systems Inc (EPAM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,470,890 | 3,299,440 | 3,262,760 | 3,128,960 | 3,001,530 | 2,757,170 | 2,622,350 | 2,552,100 | 2,487,120 | 2,339,120 | 2,212,670 | 2,063,940 | 1,983,020 | 1,860,230 | 1,753,090 | 1,647,480 | 1,596,140 | 1,492,120 | 1,422,250 | 1,338,220 |
| ROE | 12.02% | 14.38% | 16.35% | 13.81% | 13.97% | 14.75% | 13.97% | 18.12% | 19.37% | 18.17% | 18.02% | 16.99% | 16.50% | 16.99% | 16.75% | 17.35% | 16.36% | 16.52% | 17.23% | 17.68% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $417,083K ÷ $3,470,890K
= 12.02%
To analyze EPAM Systems Inc's return on equity (ROE) over the past eight quarters, we can observe fluctuations in the ratios. The ROE measures the company's ability to generate profit from its shareholders' equity.
In the recent quarters, the ROE has ranged from 12.02% to 16.35%, showing some variability. The highest ROE was recorded in Q2 2023 at 16.35%, indicating that the company was more efficient in generating profit from shareholders' equity during that period. On the other hand, the lowest ROE was observed in Q1 2023 at 13.81%.
Overall, the company's ROE has been relatively stable, with fluctuations within a reasonable range. Investors typically look for consistent and high ROE as it reflects the company's profitability and efficiency in utilizing shareholders' funds. EPAM Systems Inc's ROE figures suggest that the company has been able to generate a satisfactory return on equity for its shareholders over the past eight quarters. However, it would be beneficial to closely monitor future ROE trends to assess the company's long-term profitability and operational efficiency.
Peer comparison
Dec 31, 2023