Accenture plc (ACN)
Fixed asset turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 64,896,500 | 64,111,700 | 61,594,300 | 50,533,400 | 44,327,000 |
| Property, plant and equipment | US$ in thousands | 1,521,120 | 1,530,010 | 1,659,140 | 1,639,100 | 1,545,570 |
| Fixed asset turnover | 42.66 | 41.90 | 37.12 | 30.83 | 28.68 |
August 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $64,896,500K ÷ $1,521,120K
= 42.66
The fixed asset turnover ratio for Accenture plc has shown a consistent upward trend over the past five years, reaching 42.66 in 2024 from 28.68 in 2020. This indicates that the company is generating more revenue for every dollar invested in fixed assets. The significant increase in fixed asset turnover reflects improved efficiency in utilizing fixed assets to generate sales. This trend suggests that Accenture plc has been effectively managing its fixed assets to drive revenue growth and optimize operational performance. Overall, the rising fixed asset turnover ratio highlights the company's ability to generate higher sales relative to its investment in fixed assets over the years.
Peer comparison
Aug 31, 2024