Common-Size Income Statement
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- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
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- Price to FCFE (P/FCFE)
- Total Asset Turnover since 2005
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Accenture PLC, common-size consolidated income statement
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).
- Revenues and Cost of Services
- Revenues remained stable, consistently representing 100% across all periods. The cost of services showed a declining trend, moving from -69.19% in 2019 to -67.39% in 2024, indicating an improvement in cost efficiency relative to revenues over the years.
- Gross Profit
- Gross profit margins increased steadily from 30.81% in 2019 to 32.61% in 2024, reflecting improved profitability in the core operations, supported by the reduction in cost of services as a percentage of revenues.
- Operating Expenses
- Sales and marketing expenses fluctuated slightly but remained around 10% of revenues, with minor decreases and increases over the years, ending at -10.55% in 2024. General and administrative costs increased from -5.93% in 2019 to a peak of -6.86% in 2022 before declining to -6.6% in 2024, showing some variability but overall stability. Business optimization costs appeared only in 2023 (-1.66%) and declined significantly to -0.68% in 2024, suggesting a reduction in related expenses after initial investments.
- Operating Income
- Operating income increased slightly from 14.59% in 2019 to a peak of 15.21% in 2022, before declining to 13.74% in 2023 and recovering to 14.79% in 2024. This pattern indicates some volatility in operating profitability despite underlying cost improvements.
- Interest and Other Income/Expenses
- Interest income showed a relatively low but increasing trend, especially notable in 2023 (0.44%) and 2024 (0.42%). Interest expense remained minimal and stable, near -0.07% to -0.09%. Other income/expense showed fluctuations, turning positive in 2020 and 2021, negative in 2022 and 2024, indicating varying non-operational impacts across periods. A loss on disposition of the Russia business was recorded in 2022 at -0.16%, reflecting a one-time charge affecting that period.
- Income Before Income Taxes
- Income before taxes increased from 14.47% in 2019 to 15.36% in 2021, then declined in 2023 to 14.26% before rising again to 14.95% in 2024. The pattern aligns with the operating income trends and reflects the impact of other income/expense and interest items.
- Income Tax Expense
- Income tax expense as a percentage of revenues showed minor fluctuation, ranging between -3.25% and -3.58%, maintaining a relatively stable tax burden over the years.
- Net Income
- Net income as a percentage of revenues increased from 11.21% in 2019 to a high of 11.85% in 2021, then declined to 10.92% in 2023 before rising to 11.43% in 2024. This overall trend suggests stable profitability with some challenges in recent years, potentially linked to operating income fluctuations and optimization costs.
- Net Income Attributable to Noncontrolling Interests and to Accenture plc
- Net income attributable to noncontrolling interests steadily increased in absolute negative terms, moving from -0.16% in 2019 to -0.24% in 2024. Correspondingly, net income attributable to Accenture plc experienced a slight decline from 11.06% in 2019 to 10.72% in 2023, before recovering to 11.19% in 2024, mirroring the overall net income pattern.