Accenture plc (ACN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	52,696,000	52,431,200	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
Payables	US$ in thousands	2,743,810	2,251,330	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
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

August 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $52,696,000K ÷ $2,743,810K
= 19.21

The payables turnover ratio for Accenture plc has been relatively consistent over the past few years, ranging from 17.87 to 23.68. This ratio indicates how many times a company pays off its accounts payable during a period, with higher values generally suggesting that the company is managing its payables more efficiently.

Accenture's payables turnover ratio has shown a slight fluctuation over the periods analyzed, with a peak of 23.68 in February 2024 and a low of 17.87 in August 2021. Overall, the company's ability to efficiently manage its accounts payable has remained fairly stable within the range of 17.87 to 23.68. This consistency suggests that Accenture has a relatively effective system in place for paying off its short-term obligations to suppliers.