Accenture plc (ACN)

Payables turnover

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Cost of revenue	US$ in thousands	55,849,200	55,755,100	52,673,700	43,228,600	30,350,900
Payables	US$ in thousands	2,743,810	2,491,170	2,559,480	2,274,060	1,349,870
Payables turnover		20.35	22.38	20.58	19.01	22.48

August 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $55,849,200K ÷ $2,743,810K
= 20.35

The payables turnover for Accenture plc has fluctuated over the past five years. In 2024, the payables turnover ratio was 20.35, a decrease from the previous year's ratio of 22.38. This indicates that Accenture took longer to pay its suppliers in 2024 compared to 2023.

However, when compared to 2022 and 2021, the payables turnover ratio of 20.35 in 2024 is still relatively high, suggesting efficient management of accounts payable. The peak in payables turnover was seen in 2020 with a ratio of 22.48, indicating that Accenture was more efficient in paying its suppliers that year.

Overall, while the payables turnover ratio decreased slightly in 2024, it still reflects a favorable trend in managing payables efficiently over the years. It is important to continue monitoring this ratio to ensure effective cash flow management and vendor relationships.