Accenture plc (ACN)

Inventory turnover

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Cost of revenue	US$ in thousands	55,849,200	55,755,100	52,673,700	43,228,600	30,350,900
Inventory	US$ in thousands	—	—	—	—	0
Inventory turnover		—	—	—	—	—

August 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $55,849,200K ÷ $—K
= —

To calculate the inventory turnover ratio for Accenture plc, we need the cost of goods sold (COGS) and the average inventory for each year. Without this specific data, the inventory turnover ratio cannot be calculated.

However, the inventory turnover ratio is a key efficiency metric that evaluates how effectively a company is managing its inventory. A higher ratio typically indicates that inventory is selling quickly or efficiently. It is calculated by dividing the COGS by the average inventory for a specific period.

Analyzing the trend of the inventory turnover ratio over several years can provide insights into the company's inventory management practices and efficiency in converting inventory into sales. A consistent or increasing ratio is generally seen as positive, indicating efficient inventory management. Conversely, a declining ratio may suggest inefficiencies in inventory control or sluggish sales.

Therefore, without the specific data for COGS and average inventory, a detailed analysis of Accenture plc's inventory turnover ratio cannot be provided for the years shown in the table.