Accenture plc (ACN)

Number of days of payables

		Aug 31, 2024	May 31, 2024	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
Payables turnover		19.21	23.29	23.68	20.54	21.02	21.79	20.80	20.89	19.49	20.28	20.60	19.61	17.87	20.28	20.29	21.53	22.48	21.75	20.11	19.17
Number of days of payables	days	19.01	15.67	15.41	17.77	17.36	16.75	17.54	17.47	18.73	18.00	17.72	18.62	20.42	18.00	17.99	16.96	16.23	16.78	18.15	19.04

August 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.21
= 19.01

The number of days of payables for Accenture plc has shown some fluctuations over the past few fiscal periods. On average, Accenture takes around 17 to 19 days to pay its suppliers and vendors.

There is a slight increasing trend in the number of days of payables from February 2020 to February 2024, indicating that the company is taking slightly longer to pay its invoices. However, the numbers are relatively stable within a narrow range, showing consistent payment practices.

A lower number of days of payables suggests that Accenture is effectively managing its cash flows by paying its suppliers promptly. Conversely, a higher number of days of payables could indicate potential cash flow issues or a deliberate strategy to extend payment terms to manage working capital.

Overall, Accenture's number of days of payables reflects a balance between efficient cash management and maintaining relationships with suppliers.