Accenture plc (ACN)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 20.35 | 22.38 | 20.58 | 19.01 | 22.48 | |
| Number of days of payables | days | 17.93 | 16.31 | 17.74 | 19.20 | 16.23 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.35
= 17.93
The number of days of payables for Accenture plc has fluctuated over the past five years. In the latest year ending August 31, 2024, the company took, on average, approximately 17.93 days to pay its suppliers. This represents an increase compared to the previous year when it took 16.31 days.
Looking further back, in 2022, the number of days of payables was 17.74 days, slightly lower than the most recent year. In 2021, it took on average 19.20 days to pay its suppliers, marking a noticeable increase from the previous year. However, in 2020, the number of days of payables decreased to 16.23 days, implying that the company was paying its suppliers more quickly compared to the following years.
The fluctuation in the number of days of payables for Accenture plc indicates varying payment practices over the years, potentially influenced by changes in supplier relationships, cash flow management, and business operations.
Peer comparison
Aug 31, 2024