Accenture plc (ACN)

Receivables 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
Revenue (ttm)	US$ in thousands	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	43,214,900	42,663,300
Receivables	US$ in thousands	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	7,467,340	7,544,570
Receivables turnover		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	5.79	5.65

February 29, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $64,573,600K ÷ $11,374,100K
= 5.68

The receivables turnover ratio for Accenture plc has been showing a relatively stable trend over the past few years, ranging between 5.36 and 6.16. This ratio indicates how efficiently Accenture is able to collect outstanding receivables from its customers during a specific period.

A consistently high receivables turnover ratio suggests that Accenture is effective in managing its accounts receivable and converting them into cash quickly. The ratio has generally been above 5, indicating that on average, receivables are collected approximately 5 times a year.

Overall, the trend in Accenture's receivables turnover ratio suggests that the company has been maintaining a good balance between extending credit to customers and efficiently collecting payments, contributing to its liquidity and financial health.