Accenture plc (ACN)

Receivables 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
Revenue (ttm)	US$ in thousands	64,896,400	64,475,800	64,573,600	64,588,300	64,111,800	63,550,300	63,144,500	62,377,000	61,594,400	59,590,000	56,695,000	53,736,400	50,533,400	47,949,400	45,676,900	44,730,300	44,327,100	44,547,400	44,655,800	43,968,400
Receivables	US$ in thousands	11,873,400	11,336,400	11,374,100	11,467,100	10,690,700	11,005,900	10,997,500	11,211,000	10,484,200	10,816,700	10,342,200	10,032,700	8,796,990	8,637,840	7,986,150	7,799,770	7,192,110	7,677,370	7,785,960	7,908,780
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

August 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $64,896,400K ÷ $11,873,400K
= 5.47

The receivables turnover ratio for Accenture plc has ranged between 5.36 and 6.16 over the past couple of years, with an average around 5.7. This indicates that, on average, Accenture is able to convert its accounts receivable into cash approximately 5.7 times a year. A higher receivables turnover ratio suggests the company is efficient in collecting payments from its customers.

Analyzing the trend over the periods, we can see some variations, but overall, the ratio has been relatively stable. However, it dipped slightly in the most recent period, which could indicate a slight delay in collecting payments from customers. It is essential for the company to monitor this ratio closely to ensure timely collection of receivables and maintain healthy cash flows.