Accenture plc (ACN)

Total asset 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
Total assets	US$ in thousands	55,932,400	51,245,300	47,263,400	43,175,800	37,078,600
Total asset turnover		1.16	1.25	1.30	1.17	1.20

August 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $64,896,500K ÷ $55,932,400K
= 1.16

Total asset turnover measures the efficiency with which a company generates revenue relative to its total assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate sales.

Analyzing Accenture plc's total asset turnover over the past five years, we observe fluctuations in the ratio. In 2022, the total asset turnover was the highest at 1.30, indicating that Accenture generated $1.30 in revenue for every $1 in total assets during that period.

However, in 2023, the total asset turnover slightly decreased to 1.25, and further declined in 2024 to 1.16. This decline suggests that Accenture's efficiency in generating revenue from its assets decreased in these years.

It's essential to understand the reasons behind these fluctuations in total asset turnover to assess the company's operational efficiency and asset utilization. Further analysis of the company's financial and operational performance would provide valuable insights into the factors influencing these trends.