Accenture plc (ACN)

Return on equity (ROE)

		Aug 31, 2024	May 31, 2024	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
Net income (ttm)	US$ in thousands	7,264,780	6,953,440	7,031,260	6,880,050	6,871,560	7,163,730	6,939,810	7,051,100	6,877,170	6,628,290	6,391,640	6,197,560	5,906,820	5,778,500	5,457,270	5,251,150	5,107,840	4,950,340	4,971,660	4,861,370
Total stockholders’ equity	US$ in thousands	28,288,600	27,744,500	27,122,900	26,676,800	25,692,800	25,332,400	23,762,600	22,974,600	22,106,100	21,389,100	20,560,000	20,353,200	19,529,500	19,342,800	18,308,000	17,906,500	17,000,500	16,014,600	15,474,600	15,167,100
ROE		25.68%	25.06%	25.92%	25.79%	26.75%	28.28%	29.20%	30.69%	31.11%	30.99%	31.09%	30.45%	30.25%	29.87%	29.81%	29.33%	30.05%	30.91%	32.13%	32.05%

August 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,264,780K ÷ $28,288,600K
= 25.68%

The return on equity (ROE) for Accenture plc has shown a relatively stable trend over the past few years, hovering around the mid to high 20% range. The ROE was highest in the early part of the timeframe, reaching a peak of 32.13% in February 2020, and has since slightly declined but remained robust.

Overall, the consistently high ROE indicates that Accenture plc has been effectively utilizing its shareholders' equity to generate profits. This signifies the company's efficiency in generating returns for its shareholders relative to the equity invested in the business.

A high and stable ROE is generally a positive indicator for investors, suggesting that the company is efficiently utilizing its resources to generate profits. However, it's important to consider other financial metrics and factors when evaluating the overall financial health and performance of a company.