EPAM Systems Accounts Receivables 2011-2025 | EPAM

Accounts receivable — is the amount of money owed to a company by other organizations, individuals, or the government. It arises when a company has already delivered goods, performed work, or provided services, but has not yet received payment for them.

Examples of accounts receivable

Customers have not paid invoices for delivered products
An advance has been paid to a supplier, but goods have not yet been received
Employees have not reported on accountable amounts
The government must refund tax overpayments
Outstanding loans issued

Importance of accounts receivable in company analysis

Asset quality
Accounts receivable are part of current assets. But they are not cash — they are promises. Investors assess how realistic these promises are to be collected. The higher the share of overdue or doubtful receivables, the greater the risk of asset impairment.
Impact on cash flow
Even if a company shows a profit, the money can be "tied up" in receivables. This means profit does not turn into actual cash, and the company may face liquidity shortages.
Assessment of management efficiency
The following accounts receivable turnover ratios are commonly used:
Receivables turnover = Revenue / Average accounts receivable
(the higher — the better)

Days Sales Outstanding (DSO) = 365 / Turnover
(the fewer days — the faster customers pay)

If the DSO is constantly increasing — this is a red flag — customers are delaying payments, and money gets stuck in settlements.

Annual Accounts Receivables EPAM Systems

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-	-	-	-	-	298 M	266 M	200 M	175 M	124 M	95.4 M	78.9 M	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
298 M	78.9 M	177 M

Quarterly Accounts Receivables EPAM Systems

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	339 M	344 M	307 M	-	298 M	298 M	298 M	266 M	266 M	266 M	266 M	200 M	200 M	200 M	200 M	175 M	175 M	175 M	175 M	124 M	124 M	124 M	124 M	95.4 M	95.4 M	95.4 M	95.4 M	78.9 M	78.9 M	78.9 M	78.9 M	59.5 M	59.5 M	59.5 M	59.5 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
344 M	59.5 M	173 M

Accounts Receivables of other stocks in the Information technology industry

Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
CDW Corporation CDW	6.06 B	$ 138.31	-1.0 %	$ 18.5 B	USA
American Virtual Cloud Technologies AVCT	7.39 M	-	-11.01 %	$ 19.5 M	USA
CLPS Incorporation CLPS	53.8 M	$ 0.86	-1.14 %	$ 18 M	China
Chindata Group Holdings Limited CD	422 M	$ 5.76	0.88 %	$ 4.2 B	China
Concentrix Corporation CNXC	1.93 B	$ 42.33	0.88 %	$ 2.75 B	USA
Conduent Incorporated CNDT	493 M	$ 1.87	-3.37 %	$ 341 M	USA
Computer Task Group, Incorporated CTG	71 M	-	-	$ 152 M	USA
Digimarc Corporation DMRC	6.41 M	$ 6.75	-1.17 %	$ 144 M	USA
Broadridge Financial Solutions BR	1.08 B	$ 227.6	-0.26 %	$ 26.7 B	USA
CynergisTek CTEK	2.01 M	-	-0.4 %	$ 16.4 M	USA
C3.ai AI	137 M	$ 13.93	-0.43 %	$ 1.8 B	USA
Fiserv FISV	3.72 B	$ 66.9	-0.89 %	$ 38.7 B	USA
CACI International Inc CACI	1.41 B	$ 539.33	-0.49 %	$ 12 B	USA
FLEETCOR Technologies FLT	2.09 B	-	-0.83 %	$ 22.2 B	USA
Gartner IT	1.7 B	$ 252.95	0.13 %	$ 19.7 B	USA
Issuer Direct Corporation ISDR	4.37 M	-	1.9 %	$ 36.6 M	USA
Jack Henry & Associates JKHY	318 M	$ 185.61	-0.28 %	$ 13.5 B	USA
International Money Express IMXI	107 M	$ 15.39	-0.23 %	$ 499 M	USA
Insight Enterprises NSIT	4.17 B	$ 82.79	-0.83 %	$ 2.67 B	USA
Crexendo CXDO	4.35 M	$ 6.45	-0.08 %	$ 173 M	USA
ExlService Holdings EXLS	304 M	$ 43.13	-0.4 %	$ 7.02 B	USA
Innodata INOD	28 M	$ 51.74	-1.47 %	$ 1.51 B	USA
CSP CSPI	14.5 M	$ 12.92	-0.69 %	$ 117 M	USA
The Hackett Group HCKT	49.8 M	$ 19.9	-0.35 %	$ 548 M	USA
Cognizant Technology Solutions Corporation CTSH	4.06 B	$ 84.95	-0.72 %	$ 42.1 B	USA
Science Applications International Corporation SAIC	914 M	$ 102.98	0.26 %	$ 5.47 B	USA
Fidelity National Information Services FIS	1.74 B	$ 67.42	0.34 %	$ 36.1 B	USA
DXC Technology Company DXC	2.04 B	$ 14.93	-1.16 %	$ 2.7 B	USA
Genpact Limited G	1.2 B	$ 47.92	-0.27 %	$ 8.55 B	Bermuda
GDS Holdings Limited GDS	3.02 B	$ 34.7	-1.98 %	$ 51.2 B	China
TTEC Holdings TTEC	453 M	$ 3.48	-2.38 %	$ 166 M	USA
Usio USIO	5.56 M	$ 1.36	1.88 %	$ 27.3 M	USA
SYNNEX Corporation SNX	10.3 B	$ 152.96	-1.26 %	$ 13.1 B	USA
Leidos Holdings LDOS	2.64 B	$ 185.62	-0.13 %	$ 24.9 B	USA
Perficient PRFT	179 M	-	-	$ 2.58 B	USA
Priority Technology Holdings PRTH	68 M	$ 5.51	-0.45 %	$ 430 M	USA
NCR Corporation NCR	539 M	-	3.24 %	$ 3.7 B	USA
21Vianet Group VNET	1.48 M	$ 8.61	-0.98 %	$ 13.7 B	China
Research Solutions RSSS	7.19 M	$ 2.94	0.86 %	$ 90.2 M	USA
Xerox Holdings Corporation XRX	796 M	$ 2.44	-2.06 %	$ 303 M	USA
Accenture PLC ACN	13.1 B	$ 270.22	-0.32 %	$ 168 B	Irlanda