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
Aramark Holdings
ARMK
20.01
Copart Inc
CPRT
-19.20
Dolby Laboratories
DLB
118.26
Unifirst Corporation
UNF
108.66