Accenture plc (ACN)

Gross profit margin

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Gross profit	US$ in thousands	8,356,680	8,920,610	7,304,790	13,976,200	13,314,700
Revenue	US$ in thousands	64,111,700	61,594,300	50,533,400	44,327,000	43,215,000
Gross profit margin		13.03%	14.48%	14.46%	31.53%	30.81%

August 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $8,356,680K ÷ $64,111,700K
= 13.03%

The gross profit margin of Accenture plc has shown a relatively stable trend over the past five years. In the most recent fiscal year ending on August 31, 2023, the gross profit margin increased to 32.34% from 31.99% in the previous year. This improvement indicates that the company was able to generate a higher percentage of gross profit from its revenue, possibly through effective cost management or pricing strategies.

Comparing the gross profit margin to earlier years, it is evident that Accenture has maintained a generally consistent level of gross profitability, with minor fluctuations. This stability suggests that the company has been successful in managing its cost of goods sold and maintaining a healthy balance between revenue and direct production costs. Overall, the trend in the gross profit margin reflects a sound financial performance and effective operational management by Accenture.