Accenture plc (ACN)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	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	4,779,120	4,678,210
Total stockholders’ equity	US$ in thousands	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	14,409,000	13,737,300
ROE		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%	33.17%	34.05%

February 29, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,031,260K ÷ $27,122,900K
= 25.92%

The return on equity (ROE) of Accenture plc has shown a consistent and strong performance over the analyzed period. The ROE has ranged from 25.79% to 34.05%, indicating the company's ability to generate profit from shareholders' equity.

Although there has been some fluctuation in the ROE figures, overall, Accenture has maintained a healthy ROE above 25% for the past several quarters. This suggests that the company effectively uses its shareholders' equity to generate profits.

The decreasing trend in ROE from 34.05% in November 2019 to 25.92% in February 2024 should be further analyzed to understand the factors driving this decline. It is important for stakeholders to monitor changes in ROE to assess the company's profitability and efficiency in utilizing equity capital.