Accenture plc (ACN)

Number of days of payables

		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
Payables turnover		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	18.16	18.90
Number of days of payables	days	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	20.10	19.31

February 29, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.68
= 15.41

The number of days of payables for Accenture plc has ranged between 15.41 days and 20.42 days over the past few years. The average number of days of payables over this period is approximately 17.79 days, indicating that Accenture typically takes around 17.79 days to pay its suppliers.

A lower number of days of payables suggests that the company is paying its suppliers more quickly, which could indicate strong liquidity or good relationships with suppliers. On the other hand, a higher number of days of payables could indicate that the company is taking longer to pay its suppliers, possibly to manage its cash flow or take advantage of supplier credit terms.

It is important to monitor any significant changes in the number of days of payables over time as it can provide insights into Accenture's relationships with suppliers, cash flow management practices, and potential financial performance.