Maximus Inc (MMS)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,054,540 | 3,876,120 | 3,691,210 | 3,307,510 | 2,750,540 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,054,540K ÷ $—K
= —
To calculate Maximus Inc payables turnover for the years ending September 30, we need the accounts payable figure along with the cost of goods sold (COGS) or total purchases. Payables turnover is a liquidity ratio that measures how efficiently a company manages its accounts payable by paying its suppliers.
Without the specific data points for accounts payable and COGS or total purchases for Maximus Inc for the respective years, it is not feasible to calculate the payables turnover ratio. However, payables turnover ratio can be derived using the formula:
Payables Turnover = Total Purchases / Average Accounts Payable
A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, which could suggest good liquidity management. Conversely, a lower ratio might indicate potential liquidity issues or that the company is taking longer to pay its suppliers.
To provide a comprehensive analysis of Maximus Inc's payables turnover, we would need the specific financial data for the years in question to evaluate the company's payment practices and efficiency in managing its accounts payable.
Peer comparison
Sep 30, 2024