Maximus Inc (MMS)
Cash conversion cycle
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 60.35 | 96.01 | 74.48 | 65.38 | 60.86 | 59.78 | 66.26 | 64.19 | 62.77 | 63.05 | 57.87 | 78.61 | 63.78 | 70.73 | 70.26 | 69.75 | 72.09 | 101.26 | 74.58 | 79.87 |
| Number of days of payables | days | 25.86 | 24.53 | 26.84 | 25.04 | 27.16 | 25.43 | 25.38 | 25.06 | 26.56 | 27.17 | 24.91 | 26.33 | 26.16 | 25.73 | 29.79 | 28.58 | 33.72 | 48.78 | 34.94 | 34.10 |
| Cash conversion cycle | days | 34.49 | 71.48 | 47.63 | 40.34 | 33.70 | 34.35 | 40.88 | 39.14 | 36.20 | 35.88 | 32.97 | 52.27 | 37.62 | 45.00 | 40.47 | 41.17 | 38.36 | 52.49 | 39.64 | 45.76 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 60.35 – 25.86
= 34.49
Peer comparison
Sep 30, 2025
Company name
Symbol
Cash conversion cycle
Maximus Inc
MMS
34.49
ABM Industries Incorporated
ABM
50.49
Amentum Holdings Inc.
AMTM
38.49
Aramark Holdings
ARMK
20.01
Copart Inc
CPRT
-19.20
Dolby Laboratories
DLB
118.26
Unifirst Corporation
UNF
108.66