Accenture plc (ACN)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,264,790 | 6,871,560 | 6,877,170 | 5,906,810 | 5,107,840 |
| Total assets | US$ in thousands | 55,932,400 | 51,245,300 | 47,263,400 | 43,175,800 | 37,078,600 |
| ROA | 12.99% | 13.41% | 14.55% | 13.68% | 13.78% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $7,264,790K ÷ $55,932,400K
= 12.99%
The return on assets (ROA) for Accenture plc has exhibited a declining trend over the past five years, with the ROA decreasing from 13.78% in 2020 to 12.99% in 2024. This indicates that the company's ability to generate profit from its assets has slightly weakened over this period. It is important to note that a higher ROA signifies that the company is better at utilizing its assets to generate profit, whereas a lower ROA may indicate inefficiencies in asset utilization or decreasing profitability relative to asset base. It would be beneficial to further investigate the underlying factors contributing to this trend in ROA to assess the company's overall financial performance and efficiency in utilizing its resources.
Peer comparison
Aug 31, 2024