Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Accenture PLC, short-term (operating) activity ratios

		Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013
	Turnover Ratios
	Receivables turnover
	Payables turnover
	Working capital turnover
	Average No. of Days
	Add: Average receivable collection period
	Less: Average payables payment period

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Accenture PLC’s receivables turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Accenture PLC’s payables turnover declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Accenture PLC’s working capital turnover improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.
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’s average payables payment period increased from 2016 to 2017 but then declined significantly from 2017 to 2018.

Accenture PLC, receivables turnover calculation, comparison to benchmarks

		Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013
	Selected Financial Data (USD $ in thousands)
	Revenues
	Receivables from clients, net
	Ratio
	Receivables turnover¹
	Benchmarks
	Receivables Turnover, Competitors
	Automatic Data Processing Inc.
	Receivables Turnover, Sector
	Support Services
	Receivables Turnover, Industry
	Industrials

2018 Calculations

¹ Receivables turnover = Revenues ÷ Receivables from clients, net
= hidden ÷ hidden = hidden

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Accenture PLC’s receivables turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.

Accenture PLC, payables turnover calculation, comparison to benchmarks

		Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013
	Selected Financial Data (USD $ in thousands)
	Cost of services
	Accounts payable
	Ratio
	Payables turnover¹
	Benchmarks
	Payables Turnover, Competitors
	Automatic Data Processing Inc.
	Payables Turnover, Sector
	Support Services
	Payables Turnover, Industry
	Industrials

2018 Calculations

¹ Payables turnover = Cost of services ÷ Accounts payable
= hidden ÷ hidden = hidden

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Accenture PLC’s payables turnover declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Accenture PLC, working capital turnover calculation, comparison to benchmarks

		Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013
	Selected Financial Data (USD $ in thousands)
	Current assets
	Less: Current liabilities
	Working capital
	Revenues
	Ratio
	Working capital turnover¹
	Benchmarks
	Working Capital Turnover, Competitors
	Automatic Data Processing Inc.
	Working Capital Turnover, Sector
	Support Services
	Working Capital Turnover, Industry
	Industrials

2018 Calculations

¹ Working capital turnover = Revenues ÷ Working capital
= hidden ÷ hidden = hidden

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Accenture PLC’s working capital turnover improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Accenture PLC, average receivable collection period calculation, comparison to benchmarks

		Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013
	Selected Financial Data
	Receivables turnover
	Ratio (no. of days)
	Average receivable collection period¹
	Benchmarks (no. of days)
	Average Receivable Collection Period, Competitors
	Automatic Data Processing Inc.
	Average Receivable Collection Period, Sector
	Support Services
	Average Receivable Collection Period, Industry
	Industrials

2018 Calculations

¹ Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

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, average payables payment period calculation, comparison to benchmarks

		Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015	Aug 31, 2014	Aug 31, 2013
	Selected Financial Data
	Payables turnover
	Ratio (no. of days)
	Average payables payment period¹
	Benchmarks (no. of days)
	Average Payables Payment Period, Competitors
	Automatic Data Processing Inc.
	Average Payables Payment Period, Sector
	Support Services
	Average Payables Payment Period, Industry
	Industrials

2018 Calculations

¹ Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

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’s average payables payment period increased from 2016 to 2017 but then declined significantly from 2017 to 2018.

	Accenture PLC	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Accenture PLC (ACN)

Short-term (Operating) Activity Analysis