Accenture PLC (NYSE:ACN)

The analysis of the quarterly financial ratios reveals several notable trends over the observed periods.

Net Fixed Asset Turnover

This ratio demonstrates a generally increasing trend from 29.69 at the beginning of the period to fluctuating values around the mid-40s towards the end. Specifically, the ratio climbs steadily from about 30 to over 44, with minor dips in the latter periods, indicating improved efficiency in generating sales from net fixed assets. This suggests that the company is increasingly effective in utilizing its fixed assets for revenue generation.

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

When including operating leases and right-of-use assets, this turnover ratio also shows a consistent upward trend, starting near 9.71 and increasing to values approximating 16. Throughout the periods, the ratio rises steadily, reflecting enhanced utilization of leased assets in revenue production. Minor fluctuations occur but do not significantly alter the overall positive trajectory.

Total Asset Turnover

Total asset turnover exhibits a more variable pattern, starting at 1.17, experiencing a slight decline with occasional rebounds, and ending at a lower ratio around 1.07. The asset turnover peaks near the middle of the timeframe at approximately 1.32 but demonstrates a downward trend in the latter periods. This suggests a relative decrease in the efficiency of utilizing all assets to generate sales, possibly indicating asset growth outpacing revenue or lower asset productivity in recent quarters.

Equity Turnover

Equity turnover shows an initial upward drift, peaking around 2.79, followed by a gradual decrease to about 2.23 towards the end. This indicates that the company’s ability to generate sales from shareholders' equity improved initially but has progressively diminished in subsequent periods. The decline in this ratio might reflect changes in capital structure or equity base growth not fully matched by sales increases.

Overall, the data indicates enhanced efficiency in the use of fixed and leased assets, while total assets and equity turnover ratios suggest a tapering in the utilization effectiveness of broader asset bases and shareholder equity. These patterns may imply strategic shifts in asset management and capital deployment that warrant further investigation to understand the underlying operational dynamics.

The revenue figures demonstrate a generally upward trend over the observed periods, with some fluctuations. Starting at approximately 11.76 billion US dollars, revenues increased steadily to peak near 17.69 billion US dollars in the latter periods. Although there are occasional slight declines or plateaus, the overall growth trend remains positive, indicating expanding business operations or improved market conditions.

The net property and equipment values stay relatively stable across the same periods, fluctuating within a narrow range around 1.5 to 1.65 billion US dollars. This stability suggests consistent investment in physical assets, without significant expansions or disposals. Toward the end of the timeline, there is a minor increase in net fixed assets, potentially signaling renewed capital expenditure.

The net fixed asset turnover ratio exhibits a strong upward trajectory from just under 30 to above 44. This increasing ratio implies enhanced efficiency in utilizing fixed assets to generate revenues. The consistent improvement may reflect better asset management, technological upgrades, or more effective deployment of capital equipment, contributing positively to operational performance.

Revenues

Displayed steady growth from approximately 11.76 billion to around 17.7 billion US dollars, with intermittent minor declines, indicating overall expansion in business scale or market share.

Property and Equipment, Net

Remained relatively stable near 1.5 to 1.65 billion US dollars, reflecting consistent reinvestment and maintenance of fixed assets without major fluctuations.

Net Fixed Asset Turnover

Increased markedly from 29.69 to over 44, signaling improved efficiency in generating revenue from fixed assets across the periods.

The quarterly financial data exhibits several notable trends across revenues, property and equipment assets, and net fixed asset turnover ratios over the observed periods.

Revenues

The revenues demonstrate a generally upward trajectory from late 2020 through mid-2025. Starting at approximately $11.76 billion, the revenues increase steadily with some fluctuations. Peaks can be observed around November 2021 and in late 2024, where revenues reach close to $17.69 billion and $17.69 billion respectively. Despite occasional minor declines in some quarters, the overall revenue trend suggests sustained growth over the nearly five-year period.

Property and Equipment, Net

The net value of property and equipment, which includes operating lease right-of-use assets, shows a contrasting pattern relative to revenues. From around $4.61 billion in November 2020, the net assets slightly rise until early 2022, peaking near $4.9 billion. Following this, there is a consistent decline until mid-2023, reaching approximately $4.04 billion. After this decline, the values stabilize with minor fluctuations, hovering around the $4.1 billion to $4.3 billion range through mid-2025. This suggests a reduction in the asset base or possible depreciation and amortization effects outweighing additions during certain periods.

Net Fixed Asset Turnover (Including Operating Lease Rights-of-Use)

This ratio, which measures the efficiency in generating revenues from net fixed assets, presents a steady increase over the timeframe. Beginning at 9.71 in late 2020, the ratio improves continuously, exceeding 15.0 from early 2023 onward and peaking near 16.37 in early 2025. Despite slight dips in some quarters, the upward trend indicates enhanced utilization of fixed assets to produce revenue, reflecting either improved operational efficiency or a relative decrease in asset investment compared to revenue growth.

In summary, the data reveals a consistent increase in revenues accompanied by a declining or stabilizing asset base, resulting in a significant improvement in fixed asset turnover. This pattern indicates effective capital utilization and operational efficiency gains over the reported periods.

Revenues

Revenues exhibit a general upward trend over the observed periods, increasing from approximately $11.76 billion in late 2020 to around $17.60 billion by late 2025. Notable growth can be seen in several quarters, with revenues peaking near $17.69 billion in late 2024. Despite some minor fluctuations within quarters, the overall pattern indicates consistent growth, suggesting expanding business activities or improving market conditions across these years.

Total Assets

Total assets show a steady increase throughout the timeline, rising from approximately $38.27 billion at the end of 2020 to nearly $65.39 billion by the end of the monitored period in 2025. The growth in assets is continuous and somewhat accelerated in the later years, especially post-2023, where assets rise markedly. This trend may reflect investments, acquisitions, or accumulation of resources and capital.

Total Asset Turnover

Total asset turnover starts at a ratio of 1.17 in November 2020, exhibiting a slight increase reaching a peak of around 1.32 in late 2022 and early 2023. After this peak, the ratio gradually declines over the subsequent periods, falling to approximately 1.07 by August 2025. The initial increase indicates improved efficiency in generating revenues from assets, while the later decline suggests a reduction in turnover efficiency despite the rising asset base.

Overall Analysis

The data reveals a company experiencing growth in revenues and asset base over the multi-year period. However, the declining trend in total asset turnover after a peak period points to a potential concern regarding asset utilization efficiency. The company is generating more revenues but at a diminishing rate relative to its asset base expansion during the latter periods, which could indicate the need to optimize asset management or reassess capital deployment strategies.

Revenues

The revenue figures exhibit an overall upward trend across the observed periods, rising from approximately 11.76 billion US dollars in November 2020 to a high near 17.79 billion US dollars by May 2025. There are some fluctuations within quarters, including minor declines or plateaus at times, notably around the third quarter of 2022 and slight decreases in early 2024. Despite these variances, the general pattern indicates strong revenue growth over the five-year period.

Total Accenture plc Shareholders' Equity

The shareholders' equity shows a consistent increase from approximately 17.91 billion US dollars at the end of November 2020 to above 31.19 billion US dollars by August 2025. This steady growth reflects a strengthening equity base, with no significant periods of decline, suggesting sustained profitability and the retention of earnings or additional equity injections over time.

Equity Turnover Ratio

The equity turnover ratio, which measures revenue generated per dollar of equity, starts at 2.5 in November 2020 and remains relatively stable with minor fluctuations throughout the period. However, there is a noticeable gradual decline from a peak around early 2022 at 2.79 down to approximately 2.23 by August 2025. This downward trend suggests that while revenues are increasing, they are growing at a slower rate relative to the growth in shareholders’ equity, indicating a moderate reduction in operational efficiency or asset utilization over time.