Income Tax Expense (Benefit)
Effective Income Tax Rate (EITR)
Components of Deferred Tax Assets and Liabilities
Deferred Tax Assets and Liabilities, Classification
Adjustments to Financial Statements: Removal of Deferred Taxes
Adjusted Financial Ratios: Removal of Deferred Taxes (Summary)
Adjusted Net Profit Margin
Adjusted Total Asset Turnover
Adjusted Financial Leverage
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Accenture PLC, income tax expense (benefit), continuing operations

US$ in thousands

12 months ended:	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
U.S. federal	422,435)	298,685)	218,064)	99,280)	159,578)	70,050)
U.S. state and local	220,043)	152,862)	95,662)	26,425)	86,113)	3,574)
Non-U.S.	1,762,277)	1,968,954)	1,395,915)	1,292,362)	1,256,225)	1,425,875)
Current tax expense	2,404,755)	2,420,501)	1,709,641)	1,418,067)	1,501,916)	1,499,499)
U.S. federal	(334,942)	(202,318)	7,767)	21,532)	(143,217)	219,034)
U.S. state and local	(63,098)	(48,597)	(5,400)	8,525)	(39,588)	57,044)
Non-U.S.	129,087)	37,621)	58,563)	140,894)	86,445)	(182,078)
Deferred tax expense (benefit)	(268,953)	(213,294)	60,930)	170,951)	(96,360)	94,000)
Income tax expense	2,135,802)	2,207,207)	1,770,571)	1,589,018)	1,405,556)	1,593,499)

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

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Item	Description	The company
Current tax expense	Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.	Accenture PLC current tax expense increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Deferred tax expense (benefit)	Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.	Accenture PLC deferred tax expense (benefit) decreased from 2021 to 2022 and from 2022 to 2023.
Income tax expense	Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.	Accenture PLC income tax expense increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Accenture PLC, effective income tax rate (EITR) reconciliation

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
U.S. federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%	21.00%	25.70%
U.S. state and local taxes, net	1.30%	1.10%	1.20%	1.70%	1.50%	1.10%
Non-U.S. operations taxed at other rates	1.40%	0.80%	1.10%	0.70%	1.10%	-6.10%
Final determinations	-1.00%	-0.90%	-1.70%	-1.90%	-3.40%	-1.90%
Other net activity in unrecognized tax benefits	3.20%	3.00%	2.80%	2.40%	3.20%	5.80%
Excess tax benefits from share based payments	-1.30%	-3.00%	-2.10%	-1.90%	-1.20%	-2.30%
Foreign-derived intangible income deduction	-2.30%	-1.10%	-0.90%	0.00%	0.00%	0.00%
Other, net	1.10%	3.10%	1.40%	1.50%	0.30%	0.70%
Effective income tax rate, before changes in tax laws and rates	23.40%	24.00%	22.80%	23.50%	22.50%	23.00%
Changes in tax laws and rates	0.00%	0.00%	0.00%	0.00%	0.00%	4.40%
Effective income tax rate	23.40%	24.00%	22.80%	23.50%	22.50%	27.40%

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

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Item	Description	The company
Effective income tax rate, before changes in tax laws and rates	Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Accenture PLC, components of deferred tax assets and liabilities

US$ in thousands

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
Pensions	518,782)	501,475)	474,934)	443,231)	446,920)	254,268)
Compensation and benefits	909,894)	930,284)	726,430)	574,349)	623,986)	517,850)
Share-based compensation	518,126)	436,740)	355,157)	334,061)	292,045)	259,276)
Tax credit carryforwards	1,380,841)	940,640)	915,382)	659,835)	527,748)	400,253)
Net operating loss carryforwards	172,690)	180,610)	196,611)	159,506)	175,196)	119,130)
Deferred amortization deductions	842,471)	852,513)	857,441)	828,098)	793,084)	728,564)
Indirect effects of unrecognized tax benefits	315,145)	356,841)	285,768)	279,105)	302,093)	355,152)
Licenses and other intangibles	1,089,720)	1,322,464)	1,533,152)	1,752,612)	1,964,506)	31,798)
Leases	715,393)	759,399)	704,200)	729,787)	—)	—)
Capitalized research costs	363,135)	—)	—)	—)	—)	—)
Other	657,346)	477,143)	426,565)	396,170)	330,014)	326,825)
Deferred tax assets	7,483,543)	6,758,109)	6,475,640)	6,156,754)	5,455,592)	2,993,116)
Valuation allowance	(1,480,678)	(1,056,022)	(1,001,245)	(757,799)	(606,765)	(451,775)
Deferred tax assets, net of valuation allowance	6,002,865)	5,702,087)	5,474,395)	5,398,955)	4,848,827)	2,541,341)
Pensions	(205,411)	(146,553)	(28,449)	—)	—)	—)
Revenue recognition	(77,864)	(106,580)	(67,455)	—)	(43,124)	(66,128)
Investments in subsidiaries	(176,539)	(162,873)	(142,635)	(169,752)	(182,186)	(138,417)
Intangibles	(647,477)	(581,105)	(480,588)	(298,181)	(234,098)	(205,741)
Leases	(625,190)	(687,428)	(648,419)	(669,005)	—)	—)
Other	(510,786)	(334,932)	(343,355)	(288,574)	(173,187)	(169,977)
Deferred tax liabilities	(2,243,267)	(2,019,471)	(1,710,901)	(1,425,512)	(632,595)	(580,263)
Net deferred tax assets (liabilities)	3,759,598)	3,682,616)	3,763,494)	3,973,443)	4,216,232)	1,961,078)

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

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Item	Description	The company
Deferred tax assets	Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.	Accenture PLC deferred tax assets increased from 2021 to 2022 and from 2022 to 2023.
Deferred tax assets, net of valuation allowance	Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.	Accenture PLC deferred tax assets, net of valuation allowance increased from 2021 to 2022 and from 2022 to 2023.
Net deferred tax assets (liabilities)	Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.	Accenture PLC net deferred tax assets (liabilities) decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Accenture PLC, deferred tax assets and liabilities, classification

US$ in thousands

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
	Deferred tax assets	4,154,878)	4,001,200)	4,007,130)	4,153,146)	4,349,464)	2,086,807)
	Deferred tax liabilities	395,280)	318,584)	243,636)	179,703)	133,232)	125,729)

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

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Item	Description	The company
Deferred tax assets	Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting and classified as noncurrent.	Accenture PLC deferred tax assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Deferred tax liabilities	Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.	Accenture PLC deferred tax liabilities increased from 2021 to 2022 and from 2022 to 2023.

Accenture PLC, adjustments to financial statements

US$ in thousands

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
Adjustment to Total Assets
Total assets (as reported)	51,245,305)	47,263,390)	43,175,843)	37,078,593)	29,789,880)	24,449,083)
Less: Noncurrent deferred tax assets, net	4,154,878)	4,001,200)	4,007,130)	4,153,146)	4,349,464)	2,086,807)
Total assets (adjusted)	47,090,427)	43,262,190)	39,168,713)	32,925,447)	25,440,416)	22,362,276)
Adjustment to Total Liabilities
Total liabilities (as reported)	24,786,712)	24,516,302)	23,078,729)	19,579,420)	14,962,189)	13,724,495)
Less: Noncurrent deferred tax liabilities, net	395,280)	318,584)	243,636)	179,703)	133,232)	125,729)
Total liabilities (adjusted)	24,391,432)	24,197,718)	22,835,093)	19,399,717)	14,828,957)	13,598,766)
Adjustment to Total Accenture Plc Shareholders’ Equity
Total Accenture plc shareholders’ equity (as reported)	25,692,839)	22,106,097)	19,529,454)	17,000,536)	14,409,008)	10,364,753)
Less: Net deferred tax assets (liabilities)	3,759,598)	3,682,616)	3,763,494)	3,973,443)	4,216,232)	1,961,078)
Total Accenture plc shareholders’ equity (adjusted)	21,933,241)	18,423,481)	15,765,960)	13,027,093)	10,192,776)	8,403,675)
Adjustment to Net Income Attributable To Accenture Plc
Net income attributable to Accenture plc (as reported)	6,871,557)	6,877,169)	5,906,809)	5,107,839)	4,779,112)	4,059,907)
Add: Deferred income tax expense (benefit)	(268,953)	(213,294)	60,930)	170,951)	(96,360)	94,000)
Net income attributable to Accenture plc (adjusted)	6,602,604)	6,663,875)	5,967,739)	5,278,790)	4,682,752)	4,153,907)

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

Accenture PLC, Financial Data: Reported vs. Adjusted

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Accenture PLC, adjusted financial ratios

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
Net Profit Margin
Reported net profit margin	10.72%	11.17%	11.69%	11.52%	11.06%	9.76%
Adjusted net profit margin	10.30%	10.82%	11.81%	11.91%	10.84%	9.98%
Total Asset Turnover
Reported total asset turnover	1.25	1.30	1.17	1.20	1.45	1.70
Adjusted total asset turnover	1.36	1.42	1.29	1.35	1.70	1.86
Financial Leverage
Reported financial leverage	1.99	2.14	2.21	2.18	2.07	2.36
Adjusted financial leverage	2.15	2.35	2.48	2.53	2.50	2.66
Return on Equity (ROE)
Reported ROE	26.75%	31.11%	30.25%	30.05%	33.17%	39.17%
Adjusted ROE	30.10%	36.17%	37.85%	40.52%	45.94%	49.43%
Return on Assets (ROA)
Reported ROA	13.41%	14.55%	13.68%	13.78%	16.04%	16.61%
Adjusted ROA	14.02%	15.40%	15.24%	16.03%	18.41%	18.58%

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

Financial ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Accenture PLC adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Accenture PLC adjusted total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Accenture PLC adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted shareholders’ equity.	Accenture PLC adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Accenture PLC adjusted ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Accenture PLC, Financial Ratios: Reported vs. Adjusted

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	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Accenture plc	6,871,557)	6,877,169)	5,906,809)	5,107,839)	4,779,112)	4,059,907)
Revenues	64,111,745)	61,594,305)	50,533,389)	44,327,039)	43,215,013)	41,603,428)
Profitability Ratio
Net profit margin¹	10.72%	11.17%	11.69%	11.52%	11.06%	9.76%
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to Accenture plc	6,602,604)	6,663,875)	5,967,739)	5,278,790)	4,682,752)	4,153,907)
Revenues	64,111,745)	61,594,305)	50,533,389)	44,327,039)	43,215,013)	41,603,428)
Profitability Ratio
Adjusted net profit margin²	10.30%	10.82%	11.81%	11.91%	10.84%	9.98%

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

2023 Calculations

¹ Net profit margin = 100 × Net income attributable to Accenture plc ÷ Revenues
= 100 × 6,871,557 ÷ 64,111,745 = 10.72%

² Adjusted net profit margin = 100 × Adjusted net income attributable to Accenture plc ÷ Revenues
= 100 × 6,602,604 ÷ 64,111,745 = 10.30%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Accenture PLC adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Revenues	64,111,745)	61,594,305)	50,533,389)	44,327,039)	43,215,013)	41,603,428)
Total assets	51,245,305)	47,263,390)	43,175,843)	37,078,593)	29,789,880)	24,449,083)
Activity Ratio
Total asset turnover¹	1.25	1.30	1.17	1.20	1.45	1.70
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Revenues	64,111,745)	61,594,305)	50,533,389)	44,327,039)	43,215,013)	41,603,428)
Adjusted total assets	47,090,427)	43,262,190)	39,168,713)	32,925,447)	25,440,416)	22,362,276)
Activity Ratio
Adjusted total asset turnover²	1.36	1.42	1.29	1.35	1.70	1.86

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

2023 Calculations

¹ Total asset turnover = Revenues ÷ Total assets
= 64,111,745 ÷ 51,245,305 = 1.25

² Adjusted total asset turnover = Revenues ÷ Adjusted total assets
= 64,111,745 ÷ 47,090,427 = 1.36

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Accenture PLC adjusted total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Total assets	51,245,305)	47,263,390)	43,175,843)	37,078,593)	29,789,880)	24,449,083)
Total Accenture plc shareholders’ equity	25,692,839)	22,106,097)	19,529,454)	17,000,536)	14,409,008)	10,364,753)
Solvency Ratio
Financial leverage¹	1.99	2.14	2.21	2.18	2.07	2.36
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted total assets	47,090,427)	43,262,190)	39,168,713)	32,925,447)	25,440,416)	22,362,276)
Adjusted total Accenture plc shareholders’ equity	21,933,241)	18,423,481)	15,765,960)	13,027,093)	10,192,776)	8,403,675)
Solvency Ratio
Adjusted financial leverage²	2.15	2.35	2.48	2.53	2.50	2.66

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

2023 Calculations

¹ Financial leverage = Total assets ÷ Total Accenture plc shareholders’ equity
= 51,245,305 ÷ 25,692,839 = 1.99

² Adjusted financial leverage = Adjusted total assets ÷ Adjusted total Accenture plc shareholders’ equity
= 47,090,427 ÷ 21,933,241 = 2.15

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Accenture PLC adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Accenture plc	6,871,557)	6,877,169)	5,906,809)	5,107,839)	4,779,112)	4,059,907)
Total Accenture plc shareholders’ equity	25,692,839)	22,106,097)	19,529,454)	17,000,536)	14,409,008)	10,364,753)
Profitability Ratio
ROE¹	26.75%	31.11%	30.25%	30.05%	33.17%	39.17%
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to Accenture plc	6,602,604)	6,663,875)	5,967,739)	5,278,790)	4,682,752)	4,153,907)
Adjusted total Accenture plc shareholders’ equity	21,933,241)	18,423,481)	15,765,960)	13,027,093)	10,192,776)	8,403,675)
Profitability Ratio
Adjusted ROE²	30.10%	36.17%	37.85%	40.52%	45.94%	49.43%

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

2023 Calculations

¹ ROE = 100 × Net income attributable to Accenture plc ÷ Total Accenture plc shareholders’ equity
= 100 × 6,871,557 ÷ 25,692,839 = 26.75%

² Adjusted ROE = 100 × Adjusted net income attributable to Accenture plc ÷ Adjusted total Accenture plc shareholders’ equity
= 100 × 6,602,604 ÷ 21,933,241 = 30.10%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted shareholders’ equity.	Accenture PLC adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Accenture plc	6,871,557)	6,877,169)	5,906,809)	5,107,839)	4,779,112)	4,059,907)
Total assets	51,245,305)	47,263,390)	43,175,843)	37,078,593)	29,789,880)	24,449,083)
Profitability Ratio
ROA¹	13.41%	14.55%	13.68%	13.78%	16.04%	16.61%
Adjusted for Deferred Taxes
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to Accenture plc	6,602,604)	6,663,875)	5,967,739)	5,278,790)	4,682,752)	4,153,907)
Adjusted total assets	47,090,427)	43,262,190)	39,168,713)	32,925,447)	25,440,416)	22,362,276)
Profitability Ratio
Adjusted ROA²	14.02%	15.40%	15.24%	16.03%	18.41%	18.58%

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

2023 Calculations

¹ ROA = 100 × Net income attributable to Accenture plc ÷ Total assets
= 100 × 6,871,557 ÷ 51,245,305 = 13.41%

² Adjusted ROA = 100 × Adjusted net income attributable to Accenture plc ÷ Adjusted total assets
= 100 × 6,602,604 ÷ 47,090,427 = 14.02%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Accenture PLC adjusted ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Accenture PLC (NYSE:ACN)

Analysis of Income Taxes

Income Tax Expense (Benefit)

Effective Income Tax Rate (EITR)

Components of Deferred Tax Assets and Liabilities

Deferred Tax Assets and Liabilities, Classification

Adjustments to Financial Statements: Removal of Deferred Taxes

Accenture PLC, Financial Data: Reported vs. Adjusted

Adjusted Financial Ratios: Removal of Deferred Taxes (Summary)

Accenture PLC, Financial Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Adjusted Total Asset Turnover

Adjusted Financial Leverage

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)