Current Ratio
since 2005
Calculation
Accenture PLC, current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Aug 31, 2024 | 1.10 | = | 20,857,781) | ÷ | 18,976,127) |
| Aug 31, 2023 | 1.30 | = | 23,381,931) | ÷ | 18,009,038) |
| Aug 31, 2022 | 1.23 | = | 21,610,871) | ÷ | 17,523,496) |
| Aug 31, 2021 | 1.25 | = | 19,666,511) | ÷ | 15,708,867) |
| Aug 31, 2020 | 1.40 | = | 17,749,756) | ÷ | 12,662,590) |
| Aug 31, 2019 | 1.40 | = | 15,450,601) | ÷ | 11,061,896) |
| Aug 31, 2018 | 1.34 | = | 13,585,559) | ÷ | 10,151,751) |
| Aug 31, 2017 | 1.23 | = | 12,097,289) | ÷ | 9,824,279) |
| Aug 31, 2016 | 1.35 | = | 11,976,222) | ÷ | 8,878,924) |
| Aug 31, 2015 | 1.36 | = | 11,579,394) | ÷ | 8,532,199) |
| Aug 31, 2014 | 1.46 | = | 11,904,442) | ÷ | 8,158,079) |
| Aug 31, 2013 | 1.45 | = | 11,844,178) | ÷ | 8,160,990) |
| Aug 31, 2012 | 1.55 | = | 12,587,931) | ÷ | 8,109,205) |
| Aug 31, 2011 | 1.45 | = | 11,471,183) | ÷ | 7,906,589) |
| Aug 31, 2010 | 1.46 | = | 9,563,625) | ÷ | 6,567,604) |
| Aug 31, 2009 | 1.46 | = | 8,990,514) | ÷ | 6,151,381) |
| Aug 31, 2008 | 1.34 | = | 9,159,128) | ÷ | 6,847,878) |
| Aug 31, 2007 | 1.14 | = | 7,971,178) | ÷ | 6,962,616) |
| Aug 31, 2006 | 1.26 | = | 7,353,821) | ÷ | 5,816,482) |
| Aug 31, 2005 | 1.37 | = | 6,685,267) | ÷ | 4,862,389) |
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), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1 US$ in thousands
- Current Assets
- Current assets exhibited a generally upward trend over the analyzed period, increasing from approximately 6.69 billion US dollars in 2005 to a peak of about 23.38 billion US dollars in 2023. This represents a sustained growth in assets available for liquidity and operations. A notable decline occurred in 2024, with current assets decreasing to approximately 20.86 billion US dollars, indicating a potential contraction or reallocation of short-term resources.
- Current Liabilities
- Current liabilities also showed an overall growth pattern, rising from approximately 4.86 billion US dollars in 2005 to a high of around 18.98 billion US dollars in 2024. The increase reflects a growing level of short-term obligations. The growth in liabilities appears more pronounced in later years, particularly from 2016 onwards, suggesting increased financial commitments or expenses due within the year.
- Current Ratio
- The current ratio fluctuated within a moderate range throughout the period, starting at 1.37 in 2005 and ending at 1.1 in 2024. The ratio demonstrated peaks and troughs but remained generally above 1, indicating that current assets consistently exceeded current liabilities. Higher ratios were observed in years such as 2009 and 2012, peaking near 1.55 and 1.46 respectively, which suggests periods of relatively stronger liquidity. However, a gradual downward trend is visible in the latter years, culminating in the lowest ratio of the timeframe in 2024. This could imply a decrease in short-term financial flexibility or tightening liquidity conditions.
- Overall Insights
- The financial data suggests robust growth in both current assets and current liabilities over nearly two decades. Despite the expansion in liabilities, current assets generally kept pace, maintaining a current ratio above 1. However, the slight decline in the current ratio in the most recent year, combined with the decrease in current assets, may warrant closer scrutiny regarding liquidity management and short-term financial health going forward.
Comparison to Competitors
Accenture PLC, current ratio, long-term trends, comparison to competitors
| Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 31, 2024 | 1.10 | 1.07 | 2.93 | 1.76 | 1.62 | 1.04 | 1.29 | 1.27 | 0.72 | 5.96 | 0.89 | 1.09 | 1.10 | 2.44 | 1.97 |
| Aug 31, 2023 | 1.30 | 1.34 | 1.24 | 1.73 | 1.51 | 0.96 | 1.47 | 1.77 | 0.91 | 5.55 | 0.78 | 1.02 | 1.06 | 1.15 | 1.75 |
| Aug 31, 2022 | 1.23 | 1.11 | 1.27 | 1.83 | 1.46 | 0.92 | 1.39 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.11 | 1.09 | 1.03 |
| Aug 31, 2021 | 1.25 | 1.25 | 1.77 | 2.65 | 0.99 | 0.88 | 1.94 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.05 | 1.16 | 1.12 |
| Aug 31, 2020 | 1.40 | 1.48 | 1.86 | 2.38 | 1.29 | 0.98 | 2.26 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.21 | 1.19 | 1.04 |
| Aug 31, 2019 | 1.40 | 0.79 | 1.74 | — | 0.93 | 1.02 | 1.83 | 2.53 | 2.49 | — | 1.78 | 0.95 | 1.03 | 0.99 | 1.11 |
| Aug 31, 2018 | 1.34 | 1.13 | 1.34 | — | 0.80 | 1.29 | 1.14 | 2.90 | 3.96 | — | 1.93 | 0.92 | 1.17 | 0.73 | 1.92 |
| Aug 31, 2017 | 1.23 | 2.05 | 1.53 | — | 0.95 | 1.33 | 0.73 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.15 | 1.04 | 1.93 |
| Aug 31, 2016 | 1.35 | 2.08 | 1.20 | — | 1.09 | 1.21 | 0.72 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.25 | 1.00 | 2.56 |
| Aug 31, 2015 | 1.36 | 2.18 | 1.80 | — | 1.18 | 1.24 | 1.47 | 2.50 | 4.13 | — | 1.04 | 0.81 | 1.48 | 0.99 | 3.29 |
| Aug 31, 2014 | 1.46 | 1.85 | 1.33 | — | 0.85 | 1.25 | 1.84 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.79 | 1.09 | 4.80 |
| Aug 31, 2013 | 1.45 | 2.65 | 1.06 | — | 1.50 | 1.28 | 1.87 | 2.71 | 3.24 | — | 2.57 | 0.69 | 2.43 | 1.18 | 3.47 |
| Aug 31, 2012 | 1.55 | 3.41 | 1.14 | — | 1.24 | 1.13 | 1.20 | 2.60 | 2.60 | — | 3.13 | 0.72 | 1.99 | 0.91 | — |
| Aug 31, 2011 | 1.45 | 3.02 | 1.05 | — | 2.49 | 1.21 | 1.25 | 2.60 | 2.76 | — | — | 0.84 | — | 1.33 | — |
| Aug 31, 2010 | 1.46 | 3.01 | 1.26 | — | 2.84 | 1.19 | 1.88 | 2.13 | 1.84 | — | — | 1.88 | — | 1.35 | — |
| Aug 31, 2009 | 1.46 | 2.93 | 2.14 | — | 3.86 | 1.36 | 1.82 | 1.82 | 2.03 | — | — | 1.39 | — | 1.80 | — |
| Aug 31, 2008 | 1.34 | 3.59 | 1.69 | — | 2.87 | 1.15 | 1.21 | 1.45 | 1.81 | — | — | 1.22 | — | 1.45 | — |
| Aug 31, 2007 | 1.14 | 3.02 | 1.95 | — | 0.80 | 1.20 | 1.68 | 1.69 | 1.37 | — | — | 1.11 | — | 1.29 | — |
| Aug 31, 2006 | 1.26 | 4.26 | 2.39 | — | 0.77 | 1.11 | 1.79 | 2.18 | 1.73 | — | — | 1.29 | — | 1.03 | — |
| Aug 31, 2005 | 1.37 | 4.18 | 2.11 | — | 2.99 | 1.30 | 1.61 | 2.89 | 1.05 | — | — | 1.36 | — | 1.16 | — |
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), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Sector (Software & Services)
Accenture PLC, current ratio, long-term trends, comparison to sector (software & services)
| Accenture PLC | Software & Services | |
|---|---|---|
| Aug 31, 2024 | 1.10 | 1.19 |
| Aug 31, 2023 | 1.30 | 1.39 |
| Aug 31, 2022 | 1.23 | 1.43 |
| Aug 31, 2021 | 1.25 | 1.67 |
| Aug 31, 2020 | 1.40 | 1.91 |
| Aug 31, 2019 | 1.40 | 1.84 |
| Aug 31, 2018 | 1.34 | 2.22 |
| Aug 31, 2017 | 1.23 | 2.06 |
| Aug 31, 2016 | 1.35 | 2.03 |
| Aug 31, 2015 | 1.36 | 2.15 |
| Aug 31, 2014 | 1.46 | 2.01 |
| Aug 31, 2013 | 1.45 | 2.04 |
| Aug 31, 2012 | 1.55 | 1.84 |
| Aug 31, 2011 | 1.45 | 1.87 |
| Aug 31, 2010 | 1.46 | 1.62 |
| Aug 31, 2009 | 1.46 | 1.63 |
| Aug 31, 2008 | 1.34 | 1.36 |
| Aug 31, 2007 | 1.14 | 1.37 |
| Aug 31, 2006 | 1.26 | 1.52 |
| Aug 31, 2005 | 1.37 | 1.70 |
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), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Industry (Information Technology)
Accenture PLC, current ratio, long-term trends, comparison to industry (information technology)
| Accenture PLC | Information Technology | |
|---|---|---|
| Aug 31, 2024 | 1.10 | 1.24 |
| Aug 31, 2023 | 1.30 | 1.41 |
| Aug 31, 2022 | 1.23 | 1.37 |
| Aug 31, 2021 | 1.25 | 1.55 |
| Aug 31, 2020 | 1.40 | 1.71 |
| Aug 31, 2019 | 1.40 | 1.66 |
| Aug 31, 2018 | 1.34 | 1.88 |
| Aug 31, 2017 | 1.23 | 2.04 |
| Aug 31, 2016 | 1.35 | 2.01 |
| Aug 31, 2015 | 1.36 | 2.03 |
| Aug 31, 2014 | 1.46 | 1.97 |
| Aug 31, 2013 | 1.45 | 2.20 |
| Aug 31, 2012 | 1.55 | 2.07 |
| Aug 31, 2011 | 1.45 | 2.11 |
| Aug 31, 2010 | 1.46 | 2.01 |
| Aug 31, 2009 | 1.46 | 2.03 |
| Aug 31, 2008 | 1.34 | 1.80 |
| Aug 31, 2007 | 1.14 | 1.78 |
| Aug 31, 2006 | 1.26 | 1.85 |
| Aug 31, 2005 | 1.37 | 2.01 |
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), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).