Accenture plc (ACN)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	11,805,770	11,706,420	11,738,040	11,502,470	11,737,980	11,863,140	11,710,950	11,231,110	10,764,960	10,400,340	9,894,130	8,868,450	10,372,460	12,151,860	13,976,160	13,970,240	13,969,850	13,665,030	13,314,690	13,117,730
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
Gross profit margin		18.28%	18.12%	18.31%	18.10%	18.59%	19.02%	19.01%	18.85%	18.99%	19.35%	19.58%	18.50%	22.71%	27.17%	31.53%	31.36%	31.28%	31.08%	30.81%	30.75%

February 29, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,805,770K ÷ $64,573,600K
= 18.28%

The gross profit margin of Accenture plc has been relatively stable over the period analyzed, with fluctuations within a narrow range. The margin ranged from 18.10% to 18.59% in recent quarters, indicating a consistent level of profitability in generating revenue after deducting the cost of goods sold.

There was a noticeable decline in the gross profit margin in the first quarter of 2021, dropping to 18.50% from the previous quarter's 19.58%. However, this was followed by a significant increase in the subsequent quarters, reaching a peak of 31.53% in the third quarter of 2020.

Overall, the trend in the gross profit margin suggests that Accenture has managed to maintain a healthy level of profitability in its operations, despite some fluctuations in the recent quarters. Investors and stakeholders may consider this stable performance as a positive indicator of the company's ability to manage its costs and generate profits efficiently.