Maximus Inc (MMS)
Activity ratios
Short-term
Turnover ratios
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 6.03 | 6.17 | 5.59 | 5.79 | 5.93 | 5.25 | 6.41 | 4.66 | 5.74 | 5.25 | 5.28 | 5.25 | 5.10 | 3.60 | 4.91 | 4.58 | 4.40 | 3.97 | 5.89 | 5.94 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 13.50 | 13.18 | 13.15 | 11.04 | 14.75 | 15.42 | 17.58 | 9.28 | 17.96 | 13.36 | 13.87 | 10.19 | 14.67 | 9.12 | 11.02 | 8.17 | 9.32 | 6.90 | 7.34 | 7.39 |
The receivables turnover ratio for Maximus Inc has shown some fluctuation over the periods analyzed, with values ranging from 3.60 to 6.41. This ratio indicates the number of times a company collects its accounts receivable during a specific period, reflecting the efficiency of its credit policies and collection efforts.
The working capital turnover ratio also varies, indicating how effectively Maximus is utilizing its working capital to generate sales. The ratio ranges from 8.17 to 17.96, showing fluctuations in the company's ability to generate revenue relative to its working capital.
It is important to note that the company's inventory turnover and payables turnover ratios are not provided in the data, which may limit a comprehensive analysis of Maximus Inc's activity ratios. Overall, further analysis and comparison with industry benchmarks would be beneficial to gain a more comprehensive understanding of Maximus Inc's activity efficiency.
Average number of days
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 60.50 | 59.12 | 65.25 | 63.03 | 61.53 | 69.54 | 56.94 | 78.26 | 63.61 | 69.48 | 69.11 | 69.52 | 71.62 | 101.28 | 74.41 | 79.61 | 82.90 | 91.97 | 61.95 | 61.43 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Days of sales outstanding (DSO) is used to assess how efficiently Maximus Inc collects its accounts receivable. In the latest period, DSO was 60.50 days, indicating that on average, it took the company about 2 months to collect its outstanding sales. DSO has been relatively stable over the past few quarters, ranging from 56.94 days to 101.28 days, with a peak observed in March 2022.
The absence of data for Days of Inventory on Hand (DOH) and Number of Days of Payables for the periods limits a comprehensive analysis of Maximus Inc's inventory management and payment practices. Consequently, a holistic assessment of the company's cash conversion cycle efficiency is impeded.
Overall, while DSO provides valuable insights into Maximus Inc's accounts receivable management, the lack of information on inventory and payables hinders a complete evaluation of its working capital management efficiency.
Long-term
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 136.14 | 149.92 | 144.87 | 142.46 | 126.31 | 107.61 | 101.44 | 94.25 | 88.62 | 81.56 | 80.73 | 83.16 | 67.93 | 60.07 | 60.08 | 57.38 | 51.88 | 44.91 | 38.62 | 32.91 |
| Total asset turnover | 1.28 | 1.31 | 1.27 | 1.24 | 1.23 | 1.22 | 1.22 | 1.12 | 1.16 | 1.12 | 1.14 | 1.07 | 1.03 | 0.93 | 1.53 | 1.74 | 1.71 | 1.60 | 1.59 | 1.53 |
Maximus Inc's long-term activity ratios provide insights into the efficiency of the company's asset utilization over the years.
1. Fixed Asset Turnover:
- Maximus Inc's fixed asset turnover has shown an increasing trend from 32.91 in December 2019 to 149.92 in June 2024. This indicates that the company has been able to generate more revenue from its fixed assets over time.
- A high fixed asset turnover ratio suggests that Maximus Inc is efficiently utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency and productivity.
2. Total Asset Turnover:
- Maximus Inc's total asset turnover has fluctuated over the years, ranging from 0.93 in June 2021 to 1.74 in December 2020. The ratio has shown some volatility but has generally remained above 1, indicating that the company is generating revenue relative to its total assets.
- A total asset turnover above 1 suggests that Maximus Inc is effective in generating sales in relation to its total assets. However, it's important to monitor fluctuations in this ratio to ensure continued efficiency in asset utilization.
Overall, Maximus Inc's long-term activity ratios reflect a generally positive trend in asset turnover, particularly in fixed asset turnover, highlighting the company's ability to efficiently utilize its assets to drive revenue growth. Monitoring these ratios over time can provide valuable insights into the company's operational efficiency and effectiveness in utilizing its assets for revenue generation.