Accenture PLC (NYSE:ACN)

The analysis of the quarterly financial ratios indicates several notable trends in asset and equity turnover over the observed periods.

Net Fixed Asset Turnover

This ratio demonstrates a generally upward trajectory from November 2020 to November 2025. Starting at 29.69, it steadily increases with minor fluctuations, reaching a peak of 45.39 in November 2025. The consistent rise suggests improved efficiency in generating revenue from net fixed assets, marking enhanced utilization or productivity of fixed assets over time.

Net Fixed Asset Turnover Including Operating Lease, Right-of-Use Asset

The ratio starts significantly lower at 9.71 compared to the basic net fixed asset turnover but shows a similar upward trend. It climbs steadily from 9.71 to a high of 16.38 by November 2025. This pattern reflects increasing recognition and effective use of leased assets alongside owned fixed assets, enhancing asset efficiency when considering right-of-use assets.

Total Asset Turnover

The total asset turnover ratio exhibits slight fluctuations with an initial decrease from 1.17 in November 2020 to about 1.14 in early 2021, followed by an increase, peaking around 1.32 in November 2022. Afterward, it declines gradually to 1.09 by November 2025. This pattern suggests an early improvement in overall asset utilization followed by a modest reduction in efficiency, potentially indicating changes in asset base composition or revenue generation capacity.

Equity Turnover

Equity turnover begins at 2.50 and generally declines over the period, with minor fluctuations. After peaking slightly at 2.79 in mid-2022, it decreases steadily toward 2.29 by November 2025. This gradual decline may indicate a lower rate of revenue generation relative to equity, which can suggest increased equity levels or changes in business operations impacting revenue relative to shareholder investment.

Overall, the data illustrates a strong and improving trend in fixed asset utilization, including leased assets, while total asset and equity turnover ratios show less consistent performance with slight decreases towards the later periods. The increasing efficiency in fixed assets highlights operational improvements in capital use, whereas the somewhat declining total asset and equity turnover ratios may warrant further exploration to understand underlying factors influencing these trends.

The financial data reveals several noteworthy trends related to revenues, property and equipment, and net fixed asset turnover over the analyzed periods.

Revenues

The revenues exhibit a consistent upward trajectory overall, with fluctuations in the short term. Starting from approximately 11.76 billion USD, the figure rises steadily to reach around 18.74 billion USD by the end of the final period. There are some temporary dips and slowdowns in growth evident in specific quarters, such as the minor declines observed in late 2022 and early 2024, but the general pattern indicates robust revenue growth over time.

Property and Equipment, Net

The net value of property and equipment shows a relatively stable trend with slight fluctuations. The figure remains generally within a range of approximately 1.45 billion USD to 1.66 billion USD. There is a subtle downward drift visible in some later periods, particularly from early 2023 through the middle of 2024, before experiencing a minor recovery in subsequent quarters. This indicates restrained investment or possible disposals in fixed assets during these intervals, maintaining a stable asset base.

Net Fixed Asset Turnover

The net fixed asset turnover ratio demonstrates a clear and steady increase through the entire period. Starting at roughly 29.69, the ratio climbs progressively each quarter, reaching values above 45 in the latest periods. This rising ratio suggests improved efficiency in utilizing fixed assets to generate revenues, indicating stronger asset productivity despite the relatively stable asset base.

Overall, the data points to a growing revenue base supported by stable investments in property and equipment, coupled with progressively enhanced asset utilization. This combination reflects effective capital management and operational expansion that strengthen revenue generation capabilities.

Revenue Trends

Revenues displayed a generally increasing trend from November 2020 through November 2025, with some fluctuations in interim quarters. Initially, revenues grew steadily from approximately 11.76 billion USD in November 2020 to about 15.47 billion USD in November 2022. Following this, there were minor fluctuations but an overall upward movement continued, reaching approximately 18.74 billion USD by November 2025. This indicates consistent growth over the five-year period, with occasional short-term variability.

Property and Equipment, Net

The net value of property and equipment, including operating lease and right-of-use assets, demonstrated a declining trend over the observed period. Starting at roughly 4.61 billion USD in November 2020, this value saw gradual decreases, reaching approximately 4.31 billion USD by November 2025. This suggests a reduction or depreciation in fixed assets or changes in lease-related assets, which may reflect asset disposals, amortization, or operational shifts away from capital-intensive resources.

Net Fixed Asset Turnover Ratio

The net fixed asset turnover ratio steadily increased throughout the period, moving from 9.71 in November 2020 to 16.38 by November 2025. This upward trajectory indicates enhanced efficiency in using fixed assets to generate revenue. Despite the decline in net fixed assets, the company's ability to derive higher revenues per unit of fixed assets strengthened substantially, reflecting improved asset utilization or shifts in business operations favoring less asset-heavy strategies.

Overall Insights

The data reveal a pattern of revenue growth accompanied by a reduction in net property and equipment values, leading to a higher net fixed asset turnover ratio. This combination suggests an increase in operational efficiency and productivity. The company appears to be generating more revenue with comparatively fewer fixed assets, which could result from technology upgrades, outsourcing, or strategic asset management initiatives. The sustained revenue growth indicates robust demand or successful business expansion over the analyzed periods.

The financial data reveals several key trends over the periods analyzed. Revenues exhibit a general upward trajectory with some fluctuations, increasing notably from approximately 11.8 billion US dollars at the start to over 18.7 billion US dollars towards the end of the timeline. This growth is, however, interspersed with periods of slight decline or stagnation, particularly visible around late 2022 to early 2024, before resuming an upward trend.

Total assets show a steady increase from about 38.3 billion US dollars initially to a peak nearing 65.4 billion US dollars before a minor decline towards the final period. This trend indicates consistent asset growth, reflecting possible investments, acquisitions, or asset revaluations over the analyzed timeframe.

The total asset turnover ratio initially rises from 1.17 to a peak of around 1.32, indicating improved efficiency in generating revenues from assets in the early part of the timeline. However, after peaking, the ratio gradually declines, falling below the initial levels to approximately 1.09 by the last reported period. This decline suggests a reduction in asset utilization efficiency despite increasing asset base and revenues.

Revenues

Displayed a strong increasing trend overall, growing from roughly 11.8 billion to over 18.7 billion US dollars. Periodic slight declines or plateaus occurred but were generally followed by recovery and growth.

Total Assets

Consistently increased from about 38.3 billion to peaking near 65.4 billion US dollars. Slight decreases appear only in the last period, indicating mostly sustained asset expansion.

Total Asset Turnover

Improved early on, reaching a high point exceeding 1.3, then progressively declined to just above 1.0 by the end. This reflects decreasing revenue generation efficiency relative to asset size over time.

In summary, while asset accumulation and revenue show positive growth patterns, the efficiency of asset use to drive revenues has diminished in recent periods. This may warrant further examination of operational effectiveness, asset management, or market conditions influencing the utilization of resources.

Revenue Trends

The revenues exhibit a general upward trend over the period analyzed. Starting from approximately 11.76 billion USD in November 2020, revenues increase with occasional fluctuations, reaching around 18.74 billion USD by November 2025. Notable growth is observed between early 2021 and late 2022, followed by a relatively steady increase through 2023 and 2024. Periodic dips are seen, particularly around August 2022 and early 2024, but the overall trajectory remains positive.

Shareholders’ Equity Trends

Total shareholders’ equity also shows a consistent rising pattern. Beginning at about 17.9 billion USD in November 2020, equity steadily increases to reach roughly 30.87 billion USD by November 2025. The growth in equity is relatively smooth without significant reversals, indicating strong capital retention or accumulation over the periods.

Equity Turnover Analysis

The equity turnover ratio starts at 2.5 in November 2020 and fluctuates slightly, peaking at 2.79 in mid-2022. Subsequently, it shows a gradual decline, reaching lower values near 2.23 in late 2025. This decreasing trend in equity turnover suggests that the rate of generating revenues from shareholders’ equity has slowed down over time, despite increasing revenues and equity. The peak in 2022 followed by a steady decrease may indicate changes in operational efficiency or the capital structure affecting asset utilization.

Overall Insights

The simultaneous increase in both revenues and shareholders’ equity reflects growth and strengthening of the company’s financial base over the examined periods. However, the declining equity turnover ratio implies that the company is generating less revenue per unit of equity than in prior years, possibly pointing toward increased capital investment or changing market conditions impacting efficiency. Monitoring this trend is important as continued decline could influence return on equity and investor perceptions.