Stock Analysis on Net
Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Accenture PLC, adjusted financial ratios

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Activity Ratio
Total Asset Turnover
Reported 1.25 1.30 1.17 1.20 1.45 1.70
Adjusted 1.37 1.43 1.30 1.36 1.48 1.60
Liquidity Ratio
Current Ratio
Reported 1.30 1.23 1.25 1.40 1.40 1.34
Adjusted 1.79 1.66 1.72 1.97 1.97 1.86
Solvency Ratios
Debt to Equity
Reported 0.01 0.00 0.00 0.00 0.00 0.00
Adjusted 0.11 0.14 0.16 0.19 0.27 0.30
Debt to Capital
Reported 0.01 0.00 0.00 0.00 0.00 0.00
Adjusted 0.10 0.12 0.14 0.16 0.21 0.23
Financial Leverage
Reported 1.99 2.14 2.21 2.18 2.07 2.36
Adjusted 1.67 1.78 1.84 1.84 2.03 2.12
Profitability Ratios
Net Profit Margin
Reported 10.72% 11.17% 11.69% 11.52% 11.06% 9.76%
Adjusted 11.74% 10.05% 13.28% 13.85% 10.95% 9.40%
Return on Equity (ROE)
Reported 26.75% 31.11% 30.25% 30.05% 33.17% 39.17%
Adjusted 26.76% 25.61% 31.88% 34.76% 33.07% 31.96%
Return on Assets (ROA)
Reported 13.41% 14.55% 13.68% 13.78% 16.04% 16.61%
Adjusted 16.07% 14.37% 17.32% 18.87% 16.25% 15.04%

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 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 current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Accenture PLC adjusted current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Accenture PLC adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Accenture PLC adjusted debt-to-capital ratio improved from 2021 to 2022 and 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 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 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Accenture PLC adjusted ROE deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Accenture PLC adjusted ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Accenture PLC, Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
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
Selected Financial Data (US$ in thousands)
Adjusted revenues2 64,482,088 61,855,811 51,134,974 44,900,652 43,513,266 41,726,466
Adjusted total assets3 47,116,770 43,287,976 39,200,919 32,965,724 29,325,510 26,063,670
Activity Ratio
Adjusted total asset turnover4 1.37 1.43 1.30 1.36 1.48 1.60

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).

1 2023 Calculation
Total asset turnover = Revenues ÷ Total assets
= 64,111,745 ÷ 51,245,305 = 1.25

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 64,482,088 ÷ 47,116,770 = 1.37

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.

Adjusted Current Ratio

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Current assets 23,381,931 21,610,871 19,666,511 17,749,756 15,450,601 13,585,559
Current liabilities 18,009,038 17,523,496 15,708,867 12,662,590 11,061,896 10,151,751
Liquidity Ratio
Current ratio1 1.30 1.23 1.25 1.40 1.40 1.34
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets2 23,408,274 21,636,657 19,698,717 17,790,033 15,496,139 13,635,472
Adjusted current liabilities3 13,101,886 13,045,448 11,479,690 9,025,849 7,873,061 7,314,069
Liquidity Ratio
Adjusted current ratio4 1.79 1.66 1.72 1.97 1.97 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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 23,381,931 ÷ 18,009,038 = 1.30

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 23,408,274 ÷ 13,101,886 = 1.79

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Accenture PLC adjusted current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Adjusted Debt to Equity

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
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
Debt to equity1 0.01 0.00 0.00 0.00 0.00 0.00
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 3,149,034 3,325,756 3,506,634 3,485,513 3,862,214 3,676,494
Adjusted total shareholders’ equity3 28,286,444 24,281,021 21,295,083 17,893,679 14,411,056 12,269,229
Solvency Ratio
Adjusted debt to equity4 0.11 0.14 0.16 0.19 0.27 0.30

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).

1 2023 Calculation
Debt to equity = Total debt ÷ Total Accenture plc shareholders’ equity
= 147,903 ÷ 25,692,839 = 0.01

2 Adjusted total debt. See details »

3 Adjusted total shareholders’ equity. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total shareholders’ equity
= 3,149,034 ÷ 28,286,444 = 0.11

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Accenture PLC adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Capital

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
Total capital 25,840,742 22,161,165 19,595,007 17,062,408 14,431,666 10,389,766
Solvency Ratio
Debt to capital1 0.01 0.00 0.00 0.00 0.00 0.00
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 3,149,034 3,325,756 3,506,634 3,485,513 3,862,214 3,676,494
Adjusted total capital3 31,435,478 27,606,777 24,801,717 21,379,192 18,273,270 15,945,723
Solvency Ratio
Adjusted debt to capital4 0.10 0.12 0.14 0.16 0.21 0.23

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).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 147,903 ÷ 25,840,742 = 0.01

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 3,149,034 ÷ 31,435,478 = 0.10

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Accenture PLC adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
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
Selected Financial Data (US$ in thousands)
Adjusted total assets2 47,116,770 43,287,976 39,200,919 32,965,724 29,325,510 26,063,670
Adjusted total shareholders’ equity3 28,286,444 24,281,021 21,295,083 17,893,679 14,411,056 12,269,229
Solvency Ratio
Adjusted financial leverage4 1.67 1.78 1.84 1.84 2.03 2.12

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).

1 2023 Calculation
Financial leverage = Total assets ÷ Total Accenture plc shareholders’ equity
= 51,245,305 ÷ 25,692,839 = 1.99

2 Adjusted total assets. See details »

3 Adjusted total shareholders’ equity. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total shareholders’ equity
= 47,116,770 ÷ 28,286,444 = 1.67

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.

Adjusted Net Profit Margin

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
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
Selected Financial Data (US$ in thousands)
Adjusted net income2 7,569,696 6,219,535 6,789,563 6,219,842 4,765,855 3,921,242
Adjusted revenues3 64,482,088 61,855,811 51,134,974 44,900,652 43,513,266 41,726,466
Profitability Ratio
Adjusted net profit margin4 11.74% 10.05% 13.28% 13.85% 10.95% 9.40%

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).

1 2023 Calculation
Net profit margin = 100 × Net income attributable to Accenture plc ÷ Revenues
= 100 × 6,871,557 ÷ 64,111,745 = 10.72%

2 Adjusted net income. See details »

3 Adjusted revenues. See details »

4 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 7,569,696 ÷ 64,482,088 = 11.74%

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 but then improved from 2022 to 2023 not reaching 2021 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
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
Selected Financial Data (US$ in thousands)
Adjusted net income2 7,569,696 6,219,535 6,789,563 6,219,842 4,765,855 3,921,242
Adjusted total shareholders’ equity3 28,286,444 24,281,021 21,295,083 17,893,679 14,411,056 12,269,229
Profitability Ratio
Adjusted ROE4 26.76% 25.61% 31.88% 34.76% 33.07% 31.96%

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).

1 2023 Calculation
ROE = 100 × Net income attributable to Accenture plc ÷ Total Accenture plc shareholders’ equity
= 100 × 6,871,557 ÷ 25,692,839 = 26.75%

2 Adjusted net income. See details »

3 Adjusted total shareholders’ equity. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total shareholders’ equity
= 100 × 7,569,696 ÷ 28,286,444 = 26.76%

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

Adjusted Return on Assets (ROA)

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
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
Selected Financial Data (US$ in thousands)
Adjusted net income2 7,569,696 6,219,535 6,789,563 6,219,842 4,765,855 3,921,242
Adjusted total assets3 47,116,770 43,287,976 39,200,919 32,965,724 29,325,510 26,063,670
Profitability Ratio
Adjusted ROA4 16.07% 14.37% 17.32% 18.87% 16.25% 15.04%

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).

1 2023 Calculation
ROA = 100 × Net income attributable to Accenture plc ÷ Total assets
= 100 × 6,871,557 ÷ 51,245,305 = 13.41%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 7,569,696 ÷ 47,116,770 = 16.07%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Accenture PLC adjusted ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.