Accenture's quarterly cash and cash equivalents
declined
from Aug. 2023 ($9,045.03 Mil) to Nov. 2023 ($7,140.84 Mil) but then
stayed the same
from Nov. 2023 ($7,140.84 Mil) to Feb. 2024 ($5,121.11 Mil).
Accenture's annual cash and cash equivalents
declined
from Aug. 2021 ($8,168.17 Mil) to Aug. 2022 ($7,889.83 Mil) but then
increased
from Aug. 2022 ($7,889.83 Mil) to Aug. 2023 ($9,045.03 Mil).
Accenture Cash And Cash Equivalents Historical Data
The historical data trend for Accenture's Cash And Cash Equivalents can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Accenture (NYSE:ACN) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Accenture Cash And Cash Equivalents Related Terms
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Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
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