Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
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
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
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
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
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
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. |