Accenture plc (ACN)
Receivables turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 64,896,500 | 64,111,700 | 61,594,300 | 50,533,400 | 44,327,000 |
| Receivables | US$ in thousands | 11,873,400 | 10,690,700 | 10,484,200 | 8,796,990 | 7,192,110 |
| Receivables turnover | 5.47 | 6.00 | 5.87 | 5.74 | 6.16 |
August 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $64,896,500K ÷ $11,873,400K
= 5.47
The receivables turnover ratio for Accenture plc has shown fluctuating trends over the past five years. The ratio indicates the number of times a company collects its accounts receivable during a specific period.
In the most recent year, as of August 31, 2024, the receivables turnover ratio stood at 5.47. This represents a decrease from the previous year's ratio of 6.00, indicating a slower collection of receivables compared to the prior year.
Despite this decline, the company's receivables turnover ratio remains relatively stable over the past five years, ranging from 5.74 in August 31, 2021, to 6.16 in August 31, 2020.
A lower receivables turnover ratio could suggest longer collection periods or potentially more lenient credit policies, which might impact the company's liquidity and cash flow. It is important for Accenture plc to monitor and manage its accounts receivable effectively to ensure timely collection and optimize its working capital management.
Peer comparison
Aug 31, 2024