Accenture plc (ACN)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	9,212,140	9,071,940	9,054,880	9,344,180	9,213,060	9,320,640	9,131,700	8,810,730	8,439,890	8,151,540	7,736,870	7,607,190	7,165,900	6,915,950	6,729,930	6,503,120	6,532,340	6,397,160	6,207,620	6,097,420
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Return on total capital		33.96%	34.01%	35.24%	36.89%	38.77%	40.57%	41.31%	41.19%	41.05%	40.05%	39.62%	39.33%	39.14%	38.62%	39.59%	40.61%	42.21%	42.18%	43.08%	44.39%

February 29, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $9,212,140K ÷ ($—K + $27,122,900K)
= 33.96%

The return on total capital for Accenture plc has been consistently strong over the past several periods, ranging from 33.96% to 44.39%. This indicates that the company has been effectively utilizing its capital resources to generate profits. The trend shows a generally positive trajectory with occasional fluctuations, reaching a peak of 44.39% in the most recent period. Overall, the company's ability to generate returns on its total capital has been robust, reflecting efficient management of resources and strong operational performance.