Accenture plc (ACN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 25,692,800 | 22,106,100 | 19,529,500 | 17,000,500 | 14,409,000 |
| ROE | 26.75% | 31.11% | 30.25% | 30.05% | 33.17% |
August 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $6,871,560K ÷ $25,692,800K
= 26.75%
The return on equity (ROE) for Accenture plc has exhibited a decreasing trend over the past five years. The ROE decreased from 33.17% in August 2019 to 26.75% in August 2023. This decline may indicate a reduction in the company's ability to generate profits from shareholders' equity over the period. However, despite the reduction, the ROE remained relatively high, suggesting that Accenture plc continues to effectively utilize its equity to generate earnings. This trend should be further analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's performance and financial health.
Peer comparison
Aug 31, 2023