EPAM Systems Inc

NYSE EPAM

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EPAM Systems Inc Accounts Payable Turnover Ratio 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -19.14%

EPAM Systems Inc Accounts Payable Turnover Ratio 3 year CAGR is -19.14% for the Trailing 12 Months (TTM) ending March 31, 2024, a 14.57% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

EPAM Systems Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 44.59, a -43.90% change year over year.
EPAM Systems Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 79.49, a -1.77% change year over year.
EPAM Systems Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 80.92, a -15.24% change year over year.
EPAM Systems Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 95.46, a 23.89% change year over year.

NYSE: EPAM

EPAM Systems Inc

CEO	Mr. Arkadiy Dobkin
IPO Date	Feb. 8, 2012
Location	United States
Headquarters	41 University Drive, Newtown, PA, United States, 18940
Employees	53,150
Sector	Technology
Industry	Information technology services

Description

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services. It also provides operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. The company serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.

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