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.