Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Accenture PLC, liquidity ratios

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Current ratio 1.30 1.23 1.25 1.40 1.40 1.34
Quick ratio 1.18 1.12 1.14 1.29 1.29 1.24
Cash ratio 0.50 0.45 0.52 0.67 0.55 0.50

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Accenture PLC current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Accenture PLC quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Accenture PLC cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Current Ratio

Accenture PLC, current ratio calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
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
Benchmarks
Current Ratio, Competitors2
Adobe Inc. 1.34 1.11 1.25 1.48 0.79 1.13
International Business Machines Corp. 0.96 0.92 0.88 0.98 1.02
Intuit Inc. 1.47 1.39 1.94 2.26 1.83 1.14
Microsoft Corp. 1.77 1.78 2.08 2.52 2.53 2.90
Oracle Corp. 0.91 1.62 2.30 3.03 2.49 3.96
Palo Alto Networks Inc. 0.78 0.77 0.91 1.91 1.78 1.93
Salesforce Inc. 1.02 1.05 1.23 1.08 0.95
ServiceNow Inc. 1.06 1.11 1.05 1.21 1.03
Synopsys Inc. 1.15 1.09 1.16 1.19 0.99 0.73
Current Ratio, Sector
Software & Services 1.37 1.42 1.67 1.92 1.85
Current Ratio, Industry
Information Technology 1.46 1.44 1.64 1.85 1.77

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 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 deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Quick Ratio

Accenture PLC, quick ratio calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 9,045,032 7,889,833 8,168,174 8,415,330 6,126,853 5,061,360
Short-term investments 4,575 3,973 4,294 94,309 3,313 3,192
Receivables 10,690,713 10,484,211 8,796,992 7,192,110 7,467,338 4,996,454
Contract assets, current 1,536,473 1,292,564 931,220 654,782 627,733 2,499,914
Total quick assets 21,276,793 19,670,581 17,900,680 16,356,531 14,225,237 12,560,920
 
Current liabilities 18,009,038 17,523,496 15,708,867 12,662,590 11,061,896 10,151,751
Liquidity Ratio
Quick ratio1 1.18 1.12 1.14 1.29 1.29 1.24
Benchmarks
Quick Ratio, Competitors2
Adobe Inc. 1.22 1.00 1.11 1.34 0.70 1.06
International Business Machines Corp. 0.80 0.73 0.67 0.83 0.87
Intuit Inc. 1.25 1.17 1.65 2.04 1.44 0.86
Microsoft Corp. 1.54 1.57 1.90 2.33 2.35 2.74
Oracle Corp. 0.74 1.43 2.15 2.83 2.31 3.78
Palo Alto Networks Inc. 0.72 0.75 0.88 1.85 1.72 1.81
Salesforce Inc. 0.90 0.93 1.11 0.95 0.82
ServiceNow Inc. 1.00 1.06 1.01 1.16 0.98
Synopsys Inc. 0.85 0.85 0.89 0.94 0.73 0.61
Quick Ratio, Sector
Software & Services 1.19 1.25 1.51 1.76 1.69
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.60 1.55

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
Quick ratio = Total quick assets ÷ Current liabilities
= 21,276,793 ÷ 18,009,038 = 1.18

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 deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Cash Ratio

Accenture PLC, cash ratio calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 9,045,032 7,889,833 8,168,174 8,415,330 6,126,853 5,061,360
Short-term investments 4,575 3,973 4,294 94,309 3,313 3,192
Total cash assets 9,049,607 7,893,806 8,172,468 8,509,639 6,130,166 5,064,552
 
Current liabilities 18,009,038 17,523,496 15,708,867 12,662,590 11,061,896 10,151,751
Liquidity Ratio
Cash ratio1 0.50 0.45 0.52 0.67 0.55 0.50
Benchmarks
Cash Ratio, Competitors2
Adobe Inc. 0.95 0.75 0.84 1.09 0.51 0.75
International Business Machines Corp. 0.39 0.28 0.22 0.36 0.24
Intuit Inc. 0.97 0.90 1.46 2.00 1.39 0.81
Microsoft Corp. 1.07 1.10 1.47 1.89 1.93 2.29
Oracle Corp. 0.44 1.12 1.93 2.50 2.03 3.50
Palo Alto Networks Inc. 0.31 0.44 0.57 1.39 1.37 1.59
Salesforce Inc. 0.48 0.48 0.67 0.54 0.39
ServiceNow Inc. 0.66 0.71 0.67 0.83 0.61
Synopsys Inc. 0.53 0.56 0.65 0.58 0.42 0.34
Cash Ratio, Sector
Software & Services 0.75 0.81 1.10 1.33 1.23
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.19 1.11

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
Cash ratio = Total cash assets ÷ Current liabilities
= 9,049,607 ÷ 18,009,038 = 0.50

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