Accenture plc (ACN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	52,767,900	52,881,900	52,373,700	52,047,700	51,406,400	50,513,800	49,883,400	48,358,870	45,929,970	43,336,070	40,639,290	39,080,950	35,304,470	32,578,400	30,350,880	30,577,180	30,685,950	30,303,400	29,900,320	29,545,620
Payables	US$ in thousands	2,228,450	2,574,700	2,491,170	2,388,470	2,470,900	2,417,780	2,559,480	2,384,350	2,229,220	2,210,160	2,274,060	1,926,910	1,740,400	1,513,440	1,349,870	1,405,980	1,526,140	1,581,110	1,646,640	1,563,000
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

February 29, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $52,767,900K ÷ $2,228,450K
= 23.68

The payables turnover ratio for Accenture plc has shown some fluctuation over the past few periods. The ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times a company pays off its average accounts payable balance within a specific period.

Based on the data provided, the payables turnover ratio has ranged from a low of 17.87 to a high of 23.68 over the past few periods. This means that, on average, Accenture has been able to pay off its accounts payable between approximately 18 to 24 times within a year.

Overall, the payables turnover ratio for Accenture plc appears to be relatively stable and indicates that the company is effectively managing its accounts payable by balancing its payment obligations. It is important to consider industry benchmarks and trends in conjunction with this ratio to gain a more thorough understanding of the company's financial health and operational efficiency.