Accenture plc (ACN)

Working capital 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
Total current assets	US$ in thousands	20,328,800	23,055,600	23,381,900	23,380,100	21,061,000	20,672,500	21,610,900	21,007,700	19,185,100	18,621,700	19,666,500	21,144,900	19,560,700	18,626,100	17,749,800	16,146,200	15,405,300	15,606,100	15,450,600	14,141,700
Total current liabilities	US$ in thousands	16,136,000	17,280,200	18,009,000	17,092,500	16,349,500	16,460,200	17,523,500	16,562,600	15,540,100	15,232,000	15,708,900	14,929,600	14,090,700	12,819,100	12,662,600	11,828,300	11,177,600	11,199,400	11,061,900	10,552,000
Working capital turnover		15.40	11.18	11.93	10.11	13.40	14.81	15.07	13.41	15.55	15.85	12.77	7.71	8.35	7.70	8.71	10.32	10.56	9.98	9.85	11.88

February 29, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $64,573,600K ÷ ($20,328,800K – $16,136,000K)
= 15.40

The working capital turnover for Accenture plc has shown variability over the recent quarters. It has ranged from a low of 7.70 to a high of 15.85, indicating fluctuations in the efficiency of utilizing working capital to generate revenue.

The highest turnover of 15.85 was recorded in the third quarter of fiscal year 2022, suggesting that Accenture was able to generate $15.85 in revenue for every dollar of working capital invested during that period.

However, there have been periods with lower turnover ratios, such as in the first quarter of fiscal year 2021 when the ratio was 7.71. This indicates that Accenture was less efficient in using its working capital to generate revenue during that period.

Overall, the trend in working capital turnover suggests that Accenture has generally been effective in managing its working capital to support its business operations and revenue generation, with some fluctuations in efficiency over the quarters.