Accenture plc (ACN)

Return on assets (ROA)

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Net income	US$ in thousands	6,871,560	6,877,170	5,906,810	5,107,840	4,779,110
Total assets	US$ in thousands	51,245,300	47,263,400	43,175,800	37,078,600	29,789,900
ROA		13.41%	14.55%	13.68%	13.78%	16.04%

August 31, 2023 calculation

ROA = Net income ÷ Total assets
= $6,871,560K ÷ $51,245,300K
= 13.41%

To analyze Accenture plc's return on assets (ROA) over the past five years, we calculated the ROA using the formula: net income divided by average total assets. The trend indicates a slight decrease in ROA from 2019 to 2023. In 2019, the ROA was at its highest at 16.04%, followed by a decrease in subsequent years, reaching 13.41% in 2023. This downward trend suggests that Accenture plc's ability to generate profits from its assets has slightly diminished over the past five years. It would be important to further investigate the factors contributing to this decline, as well as compare the company's performance to industry benchmarks to gain deeper insights into the company's profitability and asset management.