Accenture plc (ACN)

Inventory turnover

		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	Aug 31, 2019	May 31, 2019
Cost of revenue (ttm)	US$ in thousands	52,767,900	52,881,900	52,373,700	52,047,700	51,406,400	50,513,800	49,883,400	48,358,870	45,929,970	43,336,070	40,639,290	39,080,950	35,304,470	32,578,400	30,350,880	30,577,180	30,685,950	30,303,400	29,900,320	29,545,620
Inventory	US$ in thousands	—	—	—	—	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

February 29, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $52,767,900K ÷ $—K
= —

The inventory turnover ratio for Accenture plc is not provided in the table. In order to calculate the inventory turnover ratio, we would need the values of cost of goods sold and average inventory for each period. The inventory turnover ratio is a financial metric used to assess how effectively a company is managing its inventory levels. A high inventory turnover ratio indicates that a company is efficiently selling its products and not overstocking inventory, while a low ratio may suggest inefficient inventory management or slow sales. It is calculated by dividing the cost of goods sold by the average inventory for a specific period.