Accenture plc (ACN)

Total asset 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
Total assets	US$ in thousands	55,932,400	54,141,300	51,307,500	51,531,400	51,245,300	50,128,300	47,727,300	47,115,800	47,263,400	46,095,200	44,317,800	43,674,700	43,175,800	42,124,900	39,985,400	38,268,300	37,078,600	35,057,300	33,503,400	33,170,700
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

August 31, 2024 calculation

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

Total asset turnover is a key financial ratio that measures a company's ability to generate revenue from its total assets. In the case of Accenture plc, the total asset turnover ratio has fluctuated over the past few years.

From November 2019 to August 2024, the total asset turnover ratio has ranged from a low of 1.14 to a high of 1.33. This indicates that, on average, Accenture has been able to generate between $1.14 to $1.33 in revenue for every dollar of total assets during this period.

The highest total asset turnover ratio of 1.33 was observed in May 2020 and May 2022, suggesting that Accenture was particularly efficient in utilizing its assets to generate revenue during those periods. On the other hand, the lowest total asset turnover ratio of 1.14 was recorded in February 2021, indicating relatively lower revenue generation from assets during that time.

Overall, the trend of total asset turnover for Accenture plc shows some variability, but generally indicates that the company has been effective in leveraging its assets to generate revenue over the analyzed period.