Accenture plc (ACN)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	9,158,740	9,017,210	9,007,360	9,301,180	9,169,220	9,277,210	9,084,370	8,763,300	8,375,780	8,089,730	7,677,390	7,546,620	7,129,100	6,879,500	6,696,860	6,476,630	6,505,460	6,373,230	6,184,660	6,076,800
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
Pretax margin		14.18%	13.96%	14.05%	14.64%	14.52%	14.87%	14.75%	14.71%	14.77%	15.05%	15.19%	15.74%	15.61%	15.38%	15.11%	14.54%	14.57%	14.50%	14.31%	14.24%

February 29, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $9,158,740K ÷ $64,573,600K
= 14.18%

The pretax margin of Accenture plc, a measure of profitability, has exhibited some fluctuations over the past few fiscal periods. The pretax margin ranged from a low of 13.96% in November 2023 to a high of 15.74% in August 2021. Despite these fluctuations, the pretax margin has generally remained above 14%, indicating consistent profitability in the operations of the company. It is worth noting that the February and August periods seem to show slightly higher pretax margins compared to the other months, possibly reflecting seasonal trends or variations in business activities. Overall, the pretax margin trend suggests that Accenture plc has been able to effectively manage its expenses relative to its revenue generation during the analyzed periods.