Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Accenture PLC, short-term (operating) activity ratios

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Turnover Ratios
Receivables turnover 6.00 5.87 5.74 6.16 5.79 8.33
Payables turnover 17.41 16.37 15.03 22.48 18.16 21.62
Working capital turnover 11.93 15.07 12.77 8.71 9.85 12.12
Average No. Days
Average receivable collection period 61 62 64 59 63 44
Average payables payment period 21 22 24 16 20 17

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).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Accenture PLC receivables turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Accenture PLC payables turnover ratio increased from 2021 to 2022 and from 2022 to 2023.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Accenture PLC working capital turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Accenture PLC number of days of receivables outstanding improved from 2021 to 2022 and from 2022 to 2023.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Accenture PLC number of days of payables outstanding decreased from 2021 to 2022 and from 2022 to 2023.

Receivables Turnover

Accenture PLC, receivables turnover 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)
Revenues 64,111,745 61,594,305 50,533,389 44,327,039 43,215,013 41,603,428
Receivables 10,690,713 10,484,211 8,796,992 7,192,110 7,467,338 4,996,454
Short-term Activity Ratio
Receivables turnover1 6.00 5.87 5.74 6.16 5.79 8.33
Benchmarks
Receivables Turnover, Competitors2
Adobe Inc. 8.73 8.53 8.41 9.20 7.28 6.86
International Business Machines Corp. 8.57 9.25 8.49 10.32 9.80
Intuit Inc. 35.48 28.53 24.64 51.54 77.98 60.86
Microsoft Corp. 4.35 4.48 4.42 4.47 4.26 4.17
Oracle Corp. 7.22 7.13 7.48 7.04 7.69 7.55
Palo Alto Networks Inc. 2.80 2.57 3.43 3.29 4.98 4.86
Salesforce Inc. 2.92 2.72 2.73 2.77 2.70
ServiceNow Inc. 4.41 4.20 4.24 4.48 4.14
Synopsys Inc. 6.17 6.38 7.40 4.72 6.07 5.63
Receivables Turnover, Sector
Software & Services 5.14 5.20 5.22 5.59 5.58
Receivables Turnover, Industry
Information Technology 7.41 7.44 7.57 8.02 7.60

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
Receivables turnover = Revenues ÷ Receivables
= 64,111,745 ÷ 10,690,713 = 6.00

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Accenture PLC receivables turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Payables Turnover

Accenture PLC, payables turnover 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)
Cost of services 43,380,138 41,892,766 34,169,261 30,350,881 29,900,325 29,160,515
Accounts payable 2,491,173 2,559,485 2,274,057 1,349,874 1,646,641 1,348,802
Short-term Activity Ratio
Payables turnover1 17.41 16.37 15.03 22.48 18.16 21.62
Benchmarks
Payables Turnover, Competitors2
Adobe Inc. 7.50 5.71 5.98 5.63 7.98 6.42
International Business Machines Corp. 6.67 6.87 6.54 7.75 8.30
Intuit Inc. 4.93 3.26 2.70 4.52 4.26 5.49
Microsoft Corp. 3.64 3.30 3.44 3.68 4.57 4.45
Oracle Corp. 11.27 6.74 10.54 12.46 13.78 15.28
Palo Alto Networks Inc. 14.43 13.43 22.41 15.72 11.03 13.06
Salesforce Inc.
ServiceNow Inc. 15.25 5.74 15.20 28.83 15.04
Synopsys Inc. 7.84 28.30 31.44 26.49 38.00 8.65
Payables Turnover, Sector
Software & Services 6.20 5.52 5.70 6.57 7.59
Payables Turnover, Industry
Information Technology 4.86 4.53 4.99 5.34 5.26

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
Payables turnover = Cost of services ÷ Accounts payable
= 43,380,138 ÷ 2,491,173 = 17.41

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Accenture PLC payables turnover ratio increased from 2021 to 2022 and from 2022 to 2023.

Working Capital Turnover

Accenture PLC, working capital turnover 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
Less: Current liabilities 18,009,038 17,523,496 15,708,867 12,662,590 11,061,896 10,151,751
Working capital 5,372,893 4,087,375 3,957,644 5,087,166 4,388,705 3,433,808
 
Revenues 64,111,745 61,594,305 50,533,389 44,327,039 43,215,013 41,603,428
Short-term Activity Ratio
Working capital turnover1 11.93 15.07 12.77 8.71 9.85 12.12
Benchmarks
Working Capital Turnover, Competitors2
Adobe Inc. 6.85 20.28 9.09 4.89 16.24
International Business Machines Corp. 107.30
Intuit Inc. 8.13 8.98 3.85 1.73 4.17 20.71
Microsoft Corp. 2.65 2.66 1.76 1.30 1.19 0.99
Oracle Corp. 3.50 1.29 1.12 1.42 0.70
Palo Alto Networks Inc. 1.40 1.80 1.14
Salesforce Inc. 62.21 24.95 5.11 15.29
ServiceNow Inc. 21.77 11.16 21.76 5.76 46.69
Synopsys Inc. 13.12 21.34 10.65 9.00
Working Capital Turnover, Sector
Software & Services 5.49 4.82 2.78 2.17 2.33
Working Capital Turnover, Industry
Information Technology 5.23 5.68 3.87 2.86 3.06

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
Working capital turnover = Revenues ÷ Working capital
= 64,111,745 ÷ 5,372,893 = 11.93

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Accenture PLC working capital turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Average Receivable Collection Period

Accenture PLC, average receivable collection period 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
Receivables turnover 6.00 5.87 5.74 6.16 5.79 8.33
Short-term Activity Ratio (no. days)
Average receivable collection period1 61 62 64 59 63 44
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Adobe Inc. 42 43 43 40 50 53
International Business Machines Corp. 43 39 43 35 37
Intuit Inc. 10 13 15 7 5 6
Microsoft Corp. 84 81 83 82 86 88
Oracle Corp. 51 51 49 52 47 48
Palo Alto Networks Inc. 130 142 106 111 73 75
Salesforce Inc. 125 134 134 132 135
ServiceNow Inc. 83 87 86 82 88
Synopsys Inc. 59 57 49 77 60 65
Average Receivable Collection Period, Sector
Software & Services 71 70 70 65 65
Average Receivable Collection Period, Industry
Information Technology 49 49 48 46 48

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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.00 = 61

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Accenture PLC number of days of receivables outstanding improved from 2021 to 2022 and from 2022 to 2023.

Average Payables Payment Period

Accenture PLC, average payables payment period 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
Payables turnover 17.41 16.37 15.03 22.48 18.16 21.62
Short-term Activity Ratio (no. days)
Average payables payment period1 21 22 24 16 20 17
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Adobe Inc. 49 64 61 65 46 57
International Business Machines Corp. 55 53 56 47 44
Intuit Inc. 74 112 135 81 86 66
Microsoft Corp. 100 111 106 99 80 82
Oracle Corp. 32 54 35 29 26 24
Palo Alto Networks Inc. 25 27 16 23 33 28
Salesforce Inc.
ServiceNow Inc. 24 64 24 13 24
Synopsys Inc. 47 13 12 14 10 42
Average Payables Payment Period, Sector
Software & Services 59 66 64 56 48
Average Payables Payment Period, Industry
Information Technology 75 81 73 68 69

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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 17.41 = 21

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Accenture PLC number of days of payables outstanding decreased from 2021 to 2022 and from 2022 to 2023.