Maximus Inc (MMS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,306,200 | 5,250,280 | 5,124,030 | 4,982,520 | 4,904,730 | 4,821,810 | 4,758,910 | 4,729,390 | 4,631,020 | 4,560,120 | 4,677,860 | 4,459,810 | 4,254,484 | 4,072,190 | 3,730,007 | 3,588,862 | 3,461,537 | 3,292,667 | 3,122,040 | 3,040,425 |
| Receivables | US$ in thousands | 879,514 | 850,462 | 916,004 | 860,409 | 826,873 | 918,606 | 742,387 | 1,014,050 | 807,110 | 868,010 | 885,685 | 849,410 | 834,819 | 1,130,000 | 760,400 | 782,800 | 786,200 | 829,700 | 529,928 | 511,670 |
| 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,306,200K ÷ $879,514K
= 6.03
The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales. A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly.
Analyzing Maximus Inc's receivables turnover over the past few quarters, we can see some fluctuations in the ratio. In the most recent quarter, the receivables turnover stood at 6.03, which indicates that on average, Maximus Inc collected its outstanding receivables approximately 6.03 times during the period. This suggests a relatively efficient collection process.
Looking at the trend over the past few quarters, the receivables turnover ratio has generally been around the range of 5 to 6 times, with some slight variations. It reached a peak of 6.41 in the first quarter of 2023 and a low of 3.60 in the second quarter of 2021.
Overall, Maximus Inc's receivables turnover has been relatively consistent, hovering around the 5 to 6 range, indicating a moderate level of efficiency in collecting its accounts receivables. It is important for the company to monitor this ratio over time to ensure that its credit policies are effective and that it is managing its receivables efficiently.
Peer comparison
Sep 30, 2024