Accenture plc (ACN)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover	5.47	5.69	5.68	5.63	6.00	5.77	5.74	5.56	5.87	5.51	5.48	5.36	5.74	5.55	5.72	5.73	6.16	5.80	5.74	5.56
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
Working capital turnover	34.49	22.48	15.40	11.18	11.93	10.11	13.40	14.81	15.07	13.41	15.55	15.85	12.77	7.71	8.35	7.70	8.71	10.32	10.56	9.98

Inventory turnover data is not available in the table provided.

Receivables turnover for Accenture plc has been relatively stable over the periods shown, ranging from 5.36 to 6.16. This indicates that on average, the company collects its accounts receivable between 5.36 to 6.16 times per year.

Payables turnover has shown some fluctuations over the periods but generally remains at a healthy level, ranging from 17.87 to 23.68. A higher payables turnover suggests that the company is efficiently managing its trade payables by paying its suppliers more frequently.

Working capital turnover has shown significant variability over the periods ranging from 7.70 to 34.49. Higher values indicate that Accenture is effectively utilizing its working capital to generate revenue. The decreasing trend from the highest point can indicate that the efficiency of investment in working capital has declined over the periods or that the company is operating more conservatively.

Overall, the company's activity ratios show a mix of stability and variability, with room for improvement in inventory management efficiency and possibly working capital utilization.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	66.78	64.18	64.29	64.80	60.86	63.21	63.57	65.60	62.13	66.25	66.58	68.15	63.54	65.75	63.82	63.65	59.22	62.90	63.64	65.65
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

Days of inventory on hand (DOH) for Accenture plc has not been provided in the data for the respective periods, making it difficult to assess the company's efficiency in managing inventory levels.

Days of sales outstanding (DSO) for Accenture plc indicates the number of days it takes on average for the company to collect revenue after making a sale. DSO has ranged from 59.22 days to 68.15 days over the past five years, with a general fluctuation but no clear trend. Lower DSO values indicate better efficiency in collecting payments from customers.

Number of days of payables for Accenture plc represents the average number of days the company takes to pay its suppliers. This ratio shows a range from 15.41 days to 20.42 days over the past five years, suggesting some variability in the company's payment practices. A lower number of days of payables indicates quicker payment to suppliers.

In conclusion, Accenture plc's DSO and number of days of payables have shown fluctuations over the past five years, indicating potential variability in the company's collection and payment processes. Efficient management of these ratios can improve the company's working capital and overall financial health. However, the absence of data on Days of inventory on hand (DOH) limits a comprehensive assessment of the company's inventory management efficiency.

Long-term

	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
Fixed asset turnover	42.66	44.42	44.26	44.00	41.90	41.40	40.46	38.17	37.12	35.78	34.22	32.49	30.83	31.16	30.44	29.69	28.68	30.82	31.33	31.71
Total asset turnover	1.16	1.19	1.26	1.25	1.25	1.27	1.32	1.32	1.30	1.29	1.28	1.23	1.17	1.14	1.14	1.17	1.20	1.27	1.33	1.33

The fixed asset turnover ratio for Accenture plc has been consistently strong over the past few years, ranging from 32.49 to 44.42. This indicates that Accenture is generating a significant amount of revenue relative to its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio for Accenture has shown some fluctuations, ranging from 1.14 to 1.33. This ratio indicates the company's efficiency in generating sales from its total assets, including both fixed and current assets. A higher total asset turnover ratio signifies that Accenture is generating more revenue per dollar of assets employed, which can be a positive indicator of operational efficiency.

Overall, the fixed asset turnover ratio shows stable performance, reflecting efficient use of fixed assets, while the total asset turnover ratio has shown some variability but generally indicates effective utilization of total assets to generate revenue.