Accenture plc (ACN)

Days of sales outstanding (DSO)

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Receivables turnover		5.47	5.69	5.68	5.63	6.00	5.77	5.74	5.56	5.87	5.51	5.48	5.36	5.74	5.55	5.72	5.73	6.16	5.80	5.74	5.56
DSO	days	66.78	64.18	64.29	64.80	60.86	63.21	63.57	65.60	62.13	66.25	66.58	68.15	63.54	65.75	63.82	63.65	59.22	62.90	63.64	65.65

August 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.47
= 66.78

Days Sales Outstanding (DSO) is a key metric used to evaluate the efficiency of a company's accounts receivable management. It indicates the average number of days it takes for a company to collect payment from its customers after making a sale.

Analyzing the DSO trend of Accenture plc over the past several quarters, we observe fluctuations in the metric. The DSO ranged from a low of 59.22 days in November 2020 to a high of 68.15 days in February 2022. It appears that the company's DSO has been relatively stable, with some variability seen over the periods analyzed.

A lower DSO indicates that Accenture is able to collect payments from its customers more quickly, which is generally a positive sign as it improves cash flow and working capital efficiency. Conversely, a higher DSO could signify potential issues with collections and liquidity management.

In general, a consistent DSO trend over time is favorable, as it suggests that the company has a well-managed accounts receivable process. However, it is important to monitor any significant deviations from the historical trend to identify any underlying issues that may impact the company's financial health and operational efficiency.