Maximus Inc (MMS)

Total asset 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
Total assets	US$ in thousands	4,131,510	3,999,790	4,041,140	4,016,860	3,985,800	3,943,180	3,898,860	4,234,920	3,992,710	4,057,920	4,107,700	4,181,870	4,118,960	4,370,590	2,441,400	2,066,230	2,024,700	2,062,990	1,960,410	1,989,790
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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,306,200K ÷ $4,131,510K
= 1.28

The total asset turnover of Maximus Inc has shown fluctuations over the past few years. The ratio represents how efficiently the company is generating revenue from its total assets.

In recent quarters, the total asset turnover has been relatively stable, hovering around 1.2. This indicates that, on average, the company is generating $1.2 in sales for every dollar invested in total assets.

The ratio saw a significant increase in the first quarter of 2021, reaching 1.53, which suggests a temporary boost in revenue generation efficiency during that period. However, this was followed by a dip in the subsequent quarters before stabilizing around the 1.2 range.

Overall, the trend in total asset turnover for Maximus Inc indicates that the company is efficiently utilizing its assets to generate revenue, with some fluctuations observed over the quarters. Continued monitoring of this ratio will be important to assess the company's operational efficiency and asset utilization in the future.