Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Accenture PLC, liquidity ratios

Microsoft Excel LibreOffice Calc
Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016
Current ratio 1.25 1.40 1.40 1.34 1.23 1.35
Quick ratio 1.14 1.29 1.29 1.24 1.12 1.25
Cash ratio 0.52 0.67 0.55 0.50 0.42 0.55

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Accenture PLC current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Accenture PLC quick ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Accenture PLC cash ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Current Ratio

Accenture PLC, current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016
Selected Financial Data (US$ in thousands)
Current assets 19,666,511  17,749,756  15,450,601  13,585,559  12,097,289  11,976,222 
Current liabilities 15,708,867  12,662,590  11,061,896  10,151,751  9,824,279  8,878,924 
Liquidity Ratio
Current ratio1 1.25 1.40 1.40 1.34 1.23 1.35
Benchmarks
Current Ratio, Competitors2
Adobe Inc. 1.25 1.48 0.79 1.13 2.05 2.08
International Business Machines Corp. 0.88 0.98 1.02 1.29 1.33
Intuit Inc. 1.94 2.26 1.83 1.14 0.73 0.72
Mastercard Inc. 1.29 1.61 1.42 1.39 1.57
Microsoft Corp. 2.08 2.52 2.53 2.90 2.48
Oracle Corp. 2.30 3.03 2.49 3.96 3.08
PayPal Holdings Inc. 1.22 1.33 1.43 1.27 1.43
Salesforce Inc. 1.23 1.08 0.95 0.92 0.83
ServiceNow Inc. 1.05 1.21 1.03 1.17 1.15
Visa Inc. 1.75 1.91 1.56 1.61 1.90 1.78
Current Ratio, Sector
Software & Services 1.60 1.81 1.76 2.04 1.97
Current Ratio, Industry
Information Technology 1.60 1.79 1.72 1.81 1.99

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 19,666,511 ÷ 15,708,867 = 1.25

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Accenture PLC current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Quick Ratio

Accenture PLC, quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 8,168,174  8,415,330  6,126,853  5,061,360  4,126,860  4,905,609 
Short-term investments 4,294  94,309  3,313  3,192  3,011  2,875 
Receivables, net of allowance 8,796,992  7,192,110  7,467,338  4,996,454  4,569,214  4,072,180 
Contract assets, current 931,220  654,782  627,733  2,499,914  2,316,043  2,150,219 
Total quick assets 17,900,680  16,356,531  14,225,237  12,560,920  11,015,128  11,130,883 
 
Current liabilities 15,708,867  12,662,590  11,061,896  10,151,751  9,824,279  8,878,924 
Liquidity Ratio
Quick ratio1 1.14 1.29 1.29 1.24 1.12 1.25
Benchmarks
Quick Ratio, Competitors2
Adobe Inc. 1.11 1.34 0.70 1.06 2.00 1.99
International Business Machines Corp. 0.67 0.83 0.87 1.12 1.19
Intuit Inc. 1.60 2.04 1.44 0.86 0.45 0.53
Mastercard Inc. 1.12 1.45 1.27 1.27 1.45
Microsoft Corp. 1.90 2.33 2.35 2.74 2.37
Oracle Corp. 2.15 2.83 2.31 3.78 2.95
PayPal Holdings Inc. 1.19 1.30 1.40 1.24 1.40
Salesforce Inc. 1.11 0.95 0.82 0.83 0.74
ServiceNow Inc. 0.95 1.10 0.92 1.03 1.05
Visa Inc. 1.61 1.77 1.45 1.53 1.81 1.67
Quick Ratio, Sector
Software & Services 1.46 1.67 1.62 1.91 1.86
Quick Ratio, Industry
Information Technology 1.37 1.57 1.52 1.61 1.79

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,900,680 ÷ 15,708,867 = 1.14

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Accenture PLC quick ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Cash Ratio

Accenture PLC, cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 8,168,174  8,415,330  6,126,853  5,061,360  4,126,860  4,905,609 
Short-term investments 4,294  94,309  3,313  3,192  3,011  2,875 
Total cash assets 8,172,468  8,509,639  6,130,166  5,064,552  4,129,871  4,908,484 
 
Current liabilities 15,708,867  12,662,590  11,061,896  10,151,751  9,824,279  8,878,924 
Liquidity Ratio
Cash ratio1 0.52 0.67 0.55 0.50 0.42 0.55
Benchmarks
Cash Ratio, Competitors2
Adobe Inc. 0.84 1.09 0.51 0.75 1.65 1.69
International Business Machines Corp. 0.22 0.36 0.24 0.32 0.34
Intuit Inc. 1.46 2.00 1.39 0.81 0.40 0.48
Mastercard Inc. 0.79 1.09 0.81 0.86 1.07
Microsoft Corp. 1.47 1.89 1.93 2.29 2.06
Oracle Corp. 1.93 2.50 2.03 3.50 2.73
PayPal Holdings Inc. 1.06 1.21 1.24 1.13 1.05
Salesforce Inc. 0.67 0.54 0.39 0.45 0.30
ServiceNow Inc. 0.67 0.83 0.61 0.74 0.85
Visa Inc. 1.38 1.57 1.11 1.28 1.56 1.36
Cash Ratio, Sector
Software & Services 1.11 1.32 1.21 1.46 1.43
Cash Ratio, Industry
Information Technology 0.98 1.20 1.10 1.16 1.38

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,172,468 ÷ 15,708,867 = 0.52

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Accenture PLC cash ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.