Accenture plc (ACN)

Working capital 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 current assets	US$ in thousands	20,857,800	21,075,400	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
Total current liabilities	US$ in thousands	18,976,100	18,207,800	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
Working capital turnover		34.49	22.48	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

August 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $64,896,400K ÷ ($20,857,800K – $18,976,100K)
= 34.49

The working capital turnover ratio for Accenture plc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is managing its working capital to generate revenue. A higher turnover ratio suggests that the company is effectively using its working capital to generate sales.

The working capital turnover ratio for Accenture plc has ranged from a low of 7.70 to a high of 34.49 over the past 20 periods, with an average ratio of approximately 13.30. The highest ratio of 34.49 was observed in August 2024, indicating that the company was able to generate significant revenue relative to its working capital at that time. Conversely, the lowest ratio of 7.70 was recorded in February 2021, implying a lower efficiency in converting working capital into sales during that period.

Overall, the working capital turnover ratio for Accenture plc has shown some volatility but has generally exhibited an upward trend in recent periods, suggesting improved efficiency in utilizing working capital to generate revenue. Further analysis of the company's working capital management practices and sales strategies could provide more insights into the fluctuations observed in the working capital turnover ratio.