Stock Analysis on Net
Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Common-Size Balance Sheet: Assets 

Accenture PLC, common-size consolidated balance sheet: assets

Microsoft Excel
Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019
Cash and cash equivalents 8.95 17.65 16.69 18.92 22.70 20.57
Short-term investments 0.01 0.01 0.01 0.01 0.25 0.01
Receivables 21.23 20.86 22.18 20.37 19.40 25.07
Contract assets, current 3.20 3.00 2.73 2.16 1.77 2.11
Receivables and contract assets 24.43% 23.86% 24.92% 22.53% 21.16% 27.17%
Other current assets 3.90 4.11 4.11 4.09 3.76 4.11
Current assets 37.29% 45.63% 45.72% 45.55% 47.87% 51.87%
Contract assets, non-current 0.22 0.21 0.10 0.09 0.12 0.24
Equity method investments 0.23 0.05 0.35 0.43 0.65 0.36
Investments without readily determinable fair values 0.37 0.34 0.33 0.34 0.23 0.44
Non-current investments 0.60% 0.39% 0.67% 0.76% 0.88% 0.81%
Property and equipment, net 2.72 2.99 3.51 3.80 4.17 4.67
Operating lease assets 4.93 5.15 6.39 7.37 8.59 0.00
Goodwill 37.76 30.39 27.79 25.77 20.79 20.83
Deferred contract costs 1.54 1.66 1.71 1.69 1.95 2.29
Deferred tax assets 7.42 8.11 8.47 9.28 11.20 14.60
Intangibles 5.19 4.05 4.09 3.96 2.78 2.82
Other non-current assets 2.34 1.44 1.56 1.72 1.66 1.88
Non-current assets 62.71% 54.37% 54.28% 54.45% 52.13% 48.13%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-08-31), 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).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets demonstrates a declining trend from 20.57% in 2019 to 8.95% in 2024, indicating a reduction in readily available liquidity over the period, with the most notable decrease occurring between 2023 and 2024.
Short-term investments
Short-term investments remain nominal throughout the period, consistently representing close to 0.01% of total assets except for a slight increase to 0.25% in 2020, suggesting minimal influence on the asset structure.
Receivables and Contract Assets
Receivables as a percentage of total assets decreased sharply from 25.07% in 2019 to 19.4% in 2020, then show modest fluctuations ending at 21.23% in 2024. Contract assets, both current and non-current, display a gradual increase across the period, with current contract assets rising from 2.11% to 3.2%, and non-current contract assets remaining relatively stable but marginally increased to 0.22%. Combined receivables and contract assets declined substantially in 2020 but recover gradually from 21.16% to 24.43% by 2024, showing a recovery in receivable-related assets after the initial drop.
Other Current Assets
This category remains relatively stable, slightly decreasing from 4.11% in 2019 to 3.9% in 2024, indicating consistent proportion of other current assets within total assets.
Current Assets
The share of current assets within total assets declines from 51.87% in 2019 to 37.29% in 2024. The most notable decrease occurs between 2023 and 2024, mirroring the significant reduction in cash and cash equivalents, indicating a strategic shift or changes in asset composition away from current assets.
Non-Current Investments
Equity method investments show a peak in 2020 at 0.65%, followed by a decline to 0.05% in 2023 and a slight recovery to 0.23% in 2024. Investments without readily determinable fair values and overall non-current investments maintain low and relatively stable values, with minor fluctuations, concluding with a slight increase in non-current investments to 0.6% in 2024.
Property and Equipment, Net
There is a steady decrease in property and equipment from 4.67% in 2019 to 2.72% in 2024, highlighting a reduction in tangible fixed assets over the period.
Operating Lease Assets
The data indicates the presence of operating lease assets starting in 2020 at 8.59%, followed by a consistent decline each year down to 4.93% in 2024, suggesting a diminishment in leased asset utilization or accounting changes over time.
Goodwill
Goodwill exhibits a consistent upward trend, growing substantially from 20.83% in 2019 to 37.76% in 2024. This considerable increase indicates significant acquisitions or revaluations leading to greater intangible asset recognition.
Deferred Contract Costs and Deferred Tax Assets
Deferred contract costs show a gradual decline from 2.29% in 2019 to 1.54% in 2024, while deferred tax assets reduce more markedly from 14.6% to 7.42%, suggesting changes in tax positions or asset recognition policies affecting these balances.
Intangibles
Intangibles, excluding goodwill, increase from 2.82% in 2019 to 5.19% in 2024, indicating growth in identifiable intangible assets that are not classified as goodwill.
Other Non-Current Assets
This category remains fairly stable with minor fluctuations, declining initially from 1.88% to 1.44% and then rising to 2.34% in 2024, reflecting a slight increase in other long-term asset components.
Non-Current Assets
Overall, non-current assets increase from 48.13% in 2019 to 62.71% in 2024, underscoring a strategic shift toward a more asset-heavy structure dominated by intangible and long-term assets, especially goodwill.