Accenture plc (ACN)
Number of days of payables
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 22.38 | 20.58 | 19.01 | 22.48 | 18.16 | |
| Number of days of payables | days | 16.31 | 17.74 | 19.20 | 16.23 | 20.10 |
August 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.38
= 16.31
To analyze the number of days of payables for Accenture plc, we can observe a trend over the past five years. The number of days of payables represents the average number of days it takes for a company to pay its suppliers. A lower number of days indicates that the company is paying its suppliers more quickly, while a higher number of days suggests a longer payment period.
From 2019 to 2023, the number of days of payables for Accenture plc has varied. In 2019, the company took an average of 20.10 days to pay its suppliers. This number increased to 24.29 days in 2021 before decreasing to 20.96 days in 2023. The decrease in 2023 indicates that the company was paying its suppliers more quickly compared to the previous year, which could be a sign of improved liquidity or more efficient working capital management.
It's also worth noting that the number of days of payables was relatively lower in 2020 at 16.23 days, suggesting that the company was able to manage its payables more efficiently that year.
Overall, the trend in Accenture plc's number of days of payables indicates some variation in the company's payment practices over the years, with a recent decrease suggesting a potential improvement in managing its payables. However, further analysis of the company's financial performance and industry trends would provide a more comprehensive understanding of its payables management.
Peer comparison
Aug 31, 2023