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EPAM Systems (EPAM Systems) EBIT : $517 Mil (TTM As of Mar. 2024)


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What is EPAM Systems EBIT?

EPAM Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $111 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $517 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EPAM Systems's annualized ROC % for the quarter that ended in Mar. 2024 was 19.42%. EPAM Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 57.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EPAM Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.91%.


EPAM Systems EBIT Historical Data

The historical data trend for EPAM Systems's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

EPAM Systems EBIT Chart

EPAM Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 302.85 379.32 535.12 572.97 527.16

EPAM Systems Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.37 144.35 139.95 122.49 110.53

Competitive Comparison of EPAM Systems's EBIT

For the Information Technology Services subindustry, EPAM Systems's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


EPAM Systems's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, EPAM Systems's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where EPAM Systems's EV-to-EBIT falls into.



EPAM Systems EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $517 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


EPAM Systems  (NYSE:EPAM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

EPAM Systems's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=442.128 * ( 1 - 5.99% )/( (2135.085 + 2145.122)/ 2 )
=415.6445328/2140.1035
=19.42 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4352.365 - 120.306 - ( 2096.974 - max(0, 644.932 - 3091.361+2096.974))
=2135.085

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4374.577 - 184.109 - ( 2045.346 - max(0, 658.53 - 3083.153+2045.346))
=2145.122

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

EPAM Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=442.128/( ( (369.951 + max(386.013, 0)) + (357.998 + max(415.482, 0)) )/ 2 )
=442.128/( ( 755.964 + 773.48 )/ 2 )
=442.128/764.722
=57.82 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(897.032 + 0 + 97.355) - (120.306 + 27.988 + 460.08)
=386.013

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(931.409 + 0 + 106.398) - (184.109 + 0 + 438.216)
=415.482

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

EPAM Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=517.322/8759.514
=5.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


EPAM Systems EBIT Related Terms

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EPAM Systems (EPAM Systems) Business Description

Traded in Other Exchanges
Address
41 University Drive, Suite 202, Newtown, PA, USA, 18940
EPAM Systems is a global IT services firm that offers platform engineering, software development, and consulting services. EPAM's largest market is North America, which represents approximately 60% of revenues. Offerings span assisting companies with new technologies, such as artificial intelligence, virtual reality, and robotics.
Executives
Jason D. Peterson officer: Chief Financial Officer 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Elaina Shekhter officer: Chief Marketing Officer 860 GREAT OAKS TRAIL, EAGAN MN 55123
Eugene Roman director 72 EDENBRIDGE DRIVE, TORONTO A6 M9A3G2
Chandra Mcmahon director C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Deanne Aguirre director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Viktar Dvorkin officer: SVP/Head of Global Delivery C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Gary C Abrahams officer: VP, Corporate Controller, PAO 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Balazs Fejes officer: Chief Technology Officer C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Boris Shnayder officer: SVP/Co-Head of Global Business 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Arkadiy Dobkin director, 10 percent owner, officer: CEO, President, Chairman C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Lawrence F Solomon officer: SVP & Chief People Officer 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Ronald P Vargo director 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Robert E. Segert director C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Karl Robb director, officer: Pres. of EU Operations, EVP C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Sergey Yezhkov officer: SVP/Co-Head of Global Business C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940

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