Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Analysis of Geographic Areas 

Microsoft Excel

Area Asset Turnover

Accenture PLC, asset turnover by geographic area

Microsoft Excel
Aug 31, 2025 Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
United States 69.02 61.93 57.14 50.62 51.38 47.80
Other countries 34.46 34.01 34.40 30.48 23.23 21.61

Based on: 10-K (reporting date: 2025-08-31), 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).


United States Asset Turnover
The asset turnover ratio for the United States exhibits a consistent upward trend over the reported periods. Starting from 47.8 in August 2020, it increases each year, reaching 69.02 by August 2025. This indicates a progressive improvement in the efficiency with which assets are utilized to generate revenue within this geographic segment. The growth is particularly notable between August 2023 and August 2025, where the ratio accelerates from 57.14 to 69.02, suggesting enhanced operational effectiveness or increased revenue generation relative to assets during this timeframe.
Other Countries Asset Turnover
For other countries, the asset turnover ratio also shows an overall upward trend, although less pronounced than in the United States. The ratio rises from 21.61 in August 2020 to 34.46 by August 2025. A significant increase occurs between August 2021 and August 2023, where the ratio jumps from 23.23 to 34.4. After this point, the ratio stabilizes somewhat, with only minor fluctuations through August 2025. This suggests a phase of growth in asset utilization efficiency followed by relative stabilization in these markets.
Comparative Insights
The United States maintains a substantially higher asset turnover ratio compared to other countries across all years, reflecting stronger efficiency or market dynamics in this region. The gap between the two segments widens over time, driven mainly by the sharper increase in the United States. This divergence implies differing operational performance or market conditions, possibly indicating that the United States continues to optimize asset use more effectively or benefits from faster revenue growth relative to asset base expansion compared to other countries.

Area Asset Turnover: United States

Accenture PLC; United States; area asset turnover calculation

Microsoft Excel
Aug 31, 2025 Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
Selected Financial Data (US$ in thousands)
Revenues 31,352,840 29,203,409 28,850,285 27,717,437 22,740,025 19,947,168
Property and equipment, net 454,248 471,547 504,902 547,516 442,558 417,303
Area Activity Ratio
Area asset turnover1 69.02 61.93 57.14 50.62 51.38 47.80

Based on: 10-K (reporting date: 2025-08-31), 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).

1 2025 Calculation
Area asset turnover = Revenues ÷ Property and equipment, net
= 31,352,840 ÷ 454,248 = 69.02


Over the analyzed periods, the revenues in the United States geographic area exhibited a consistent upward trajectory. Starting from approximately 19.95 billion US dollars, revenues increased steadily each year, reaching over 31.35 billion US dollars by the final period. This indicates a robust growth in sales or service delivery within the region over the timeframe.

In contrast, the net value of property and equipment showed a different pattern. Initially rising from about 417 million US dollars to a peak close to 548 million US dollars in the third period, the figure then declined progressively to approximately 454 million US dollars in the last period. This movement suggests a reduction in investment or disposal of physical assets after the peak, potentially reflecting changes in asset management or strategy.

The area asset turnover ratio, which measures efficiency in using property and equipment to generate revenues, demonstrated a notable improvement. Starting at 47.8, the ratio increased significantly over the periods, reaching 69.02 in the final year. This indicates that the company has been generating more revenue per unit of property and equipment, reflecting enhanced operational efficiency or better utilization of physical assets over time.

Summary of Trends
The United States segment reported continuous revenue growth, signaling increasing market demand or successful business expansion in this area.
Despite the growth in revenues, the value of net property and equipment plateaued and then declined after a peak, possibly indicating a strategic shift in asset management or investment levels.
The asset turnover ratio increased markedly, suggesting improvements in the effectiveness of asset utilization, which may contribute to sustained revenue growth with relatively fewer or more efficiently used assets.

Area Asset Turnover: Other countries

Accenture PLC; Other countries; area asset turnover calculation

Microsoft Excel
Aug 31, 2025 Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
Selected Financial Data (US$ in thousands)
Revenues 38,320,137 35,693,055 35,261,460 33,876,868 27,793,364 24,379,871
Property and equipment, net 1,112,126 1,049,572 1,025,105 1,111,624 1,196,547 1,128,265
Area Activity Ratio
Area asset turnover1 34.46 34.01 34.40 30.48 23.23 21.61

Based on: 10-K (reporting date: 2025-08-31), 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).

1 2025 Calculation
Area asset turnover = Revenues ÷ Property and equipment, net
= 38,320,137 ÷ 1,112,126 = 34.46


The financial data for the "Other countries" geographic area indicates an overall positive trajectory in revenues over the observed six-year period. Revenues increased consistently from approximately $24.38 billion in 2020 to over $38.32 billion by 2025, showing sustained growth each year. This suggests expanding operations or market share in these regions, supported by effective business strategies or favorable market conditions.

Net property and equipment values exhibit a more variable pattern. Starting at around $1.13 billion in 2020, there was a moderate increase in 2021, followed by a decline through to 2023. The value slightly recovered in 2024 and 2025 but remained below the 2021 peak. This fluctuation may reflect asset management strategies such as disposals, depreciation, or targeted investments. The decline and subsequent partial recovery imply adjustments to asset base aligned with operational needs and efficiency considerations.

The area asset turnover ratio shows a strong and consistent upward trend, rising from 21.61 in 2020 to approximately 34.46 by 2025. This ratio measures the efficiency with which the company uses its assets to generate revenues in the region. The steady increase indicates improved asset utilization over time, potentially driven by operational improvements, better asset management, or a shift towards less capital-intensive activities. It complements the revenue growth, suggesting that the company is not only increasing sales but also enhancing the efficiency of its asset base in other countries.

Revenues
Increased yearly from $24.38 billion to $38.32 billion, indicative of sustained growth in the "Other countries" segment.
Property and Equipment, Net
Displayed variability with a peak in 2021, followed by declines until 2023 and a moderate recovery by 2025, reflecting asset base adjustments.
Area Asset Turnover
Improved markedly from 21.61 to 34.46, showing enhanced efficiency in generating revenues from assets in the geographic area.

In summary, the "Other countries" area demonstrates robust revenue growth alongside improved asset utilization despite fluctuations in net property and equipment values. These trends suggest effective resource management and a strong operating performance within the region over the analyzed period.


Revenues

Accenture PLC, revenues by geographic area

US$ in thousands

Microsoft Excel
Aug 31, 2025 Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
United States 31,352,840 29,203,409 28,850,285 27,717,437 22,740,025 19,947,168
Other countries 38,320,137 35,693,055 35,261,460 33,876,868 27,793,364 24,379,871
Total 69,672,977 64,896,464 64,111,745 61,594,305 50,533,389 44,327,039

Based on: 10-K (reporting date: 2025-08-31), 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).


Overall Revenue Trends
The total geographic area revenues demonstrate consistent growth over the analyzed periods, rising from approximately $44.3 billion in 2020 to nearly $69.7 billion in 2025. This indicates a steady expansion of the company’s market presence and business volume on a global scale.
Revenue from the United States
Revenues in the United States show a continual upward trajectory, increasing from roughly $19.9 billion in 2020 to over $31.3 billion in 2025. The growth appears steady with a notable acceleration between 2021 and 2022, indicating the strengthening of the company’s business operations in this region.
Revenue from Other Countries
Revenues from other countries also display a robust increasing trend, starting at approximately $24.4 billion in 2020 and reaching nearly $38.3 billion by 2025. This segment consistently outpaces U.S. revenues in absolute terms and maintains its role as the larger contributor to total revenue throughout the entire period.
Comparative Geographic Contributions
While both the United States and other countries exhibit continuous revenue growth, the proportion of revenue from other countries remains dominant. The data suggests that international markets form a significant and growing portion of the company’s overall revenue base, underscoring the global diversification and expansion of its operations.
Growth Rate Observations
The company’s revenue growth is relatively balanced across both geographic segments, though the absolute increase in the international segment is larger. This pattern highlights effective market penetration and expansion strategies outside the United States, contributing substantially to the company’s total revenue evolution.

Property and equipment, net

Accenture PLC, property and equipment, net by geographic area

US$ in thousands

Microsoft Excel
Aug 31, 2025 Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
United States 454,248 471,547 504,902 547,516 442,558 417,303
Other countries 1,112,126 1,049,572 1,025,105 1,111,624 1,196,547 1,128,265
Total 1,566,374 1,521,119 1,530,007 1,659,140 1,639,105 1,545,568

Based on: 10-K (reporting date: 2025-08-31), 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).


The analysis of the annual property and equipment, net, data by geographic area reveals distinct trends over the examined periods.

United States
The net value of property and equipment in the United States showed an overall rising trend from 2020 to 2022, increasing from approximately 417 million USD to about 548 million USD. This growth was followed by a decline in subsequent years, with values decreasing to around 454 million USD by 2025. This pattern suggests an initial phase of investment or asset accumulation, succeeded by a period of divestment, depreciation, or reduced acquisition activity.
Other countries
The net value for other countries began higher than that of the United States and displayed a somewhat fluctuating pattern. From 2020 to 2021, there was an increase from roughly 1.13 billion USD to nearly 1.20 billion USD. However, the value declined steadily over the next two years, reaching a low point just above 1.03 billion USD in 2023. Subsequently, the values recorded a modest recovery through 2024 and 2025, ending around 1.11 billion USD. This indicates variability in property and equipment net asset values outside the United States, possibly reflecting changes in international operations, asset revaluations, or differing investment cycles.
Total
The total net property and equipment value mirrored the combined effects observed in the separate regions. It increased from approximately 1.55 billion USD in 2020 to a peak close to 1.66 billion USD in 2022. Following this peak, a decline occurred through 2024, reaching near 1.52 billion USD, before a slight rebound to about 1.57 billion USD in 2025. This overall movement suggests a period of asset growth followed by stabilization or slight contraction, aligning with the trends seen in the geographical segments.

In summary, the data indicate that while both regions experienced growth in property and equipment net values up to 2021-2022, subsequent years showed a downward adjustment with some recovery in the latest periods. The United States demonstrated a more pronounced peak-and-decline pattern, whereas other countries showed more volatility with a less steep decline and a moderate recovery. These fluctuations may correspond to broader strategic decisions on asset management, operational scaling, or market conditions impacting capital expenditures and asset depreciation.