Maximus (Maximus) Days Payable : 24.42 (As of Dec. 2023)

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What is Maximus Days Payable?

Maximus's average Accounts Payable for the three months ended in Dec. 2023 was $275 Mil. Maximus's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,027 Mil. Hence, Maximus's Days Payable for the three months ended in Dec. 2023 was 24.42.

The historical rank and industry rank for Maximus's Days Payable or its related term are showing as below:

MMS' s Days Payable Range Over the Past 10 Years
Min: 24 Med: 28.4 Max: 31.01
Current: 25.56

During the past 13 years, Maximus's highest Days Payable was 31.01. The lowest was 24.00. And the median was 28.40.

MMS's Days Payable is ranked worse than
71.52% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs MMS: 25.56

Maximus's Days Payable increased from Dec. 2022 (24.38) to Dec. 2023 (24.42). It may suggest that Maximus delayed paying its suppliers.

Maximus Days Payable Historical Data

The historical data trend for Maximus's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Maximus Days Payable Chart

Maximus Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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24.07

28.61

30.84

28.19

25.74

Maximus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															24.38	24.80	26.81	26.64	24.42

Competitive Comparison of Maximus's Days Payable

For the Specialty Business Services subindustry, Maximus's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Maximus's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Maximus's Days Payable distribution charts can be found below:

* The bar in red indicates where Maximus's Days Payable falls into.

Maximus Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Maximus's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (264.553	+	282.081)	/	2 )	/	3876.12	*	365
=	273.317					/	3876.12	*	365
=	25.74

Maximus's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (282.081	+	267.623)	/	2 )	/	1026.987	*	365 / 4
=	274.852					/	1026.987	*	365 / 4
=	24.42

Maximus Days Payable Related Terms

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Maximus (Maximus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maximus Inc (NYSE:MMS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MMS:Mexico

Address

1600 Tysons Boulevard, McLean, VA, USA, 22102

Website

https://www.maximus.com

Maximus Inc is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia. The company offers business solutions to improve the cost-effectiveness, efficiency, and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Health Insurance BC, and child support programmes. Most of its revenue is derived from long-term contractual arrangements with governments around the world. The company generates maximum revenue from the U.S. Federal Services segment.

Executives

Teresa Weipert	officer: General Mgr US Federal Segment	1891 METRO CENTER DRIVE, RESTON VA 20190
Ilene R. Baylinson	officer: Group General Manager	1891 METRO CENTER DRIVE, RESTON VA 20190
Michelle F. Link	officer: Chief Human Resources Officer	1891 METRO CENTER DRIVE, RESTON VA 20190
Gayathri Rajan	director	1891 METRO CENTER DRIVE, RESTON X1 20190
David Mutryn	officer: Chief Financial Officer	1891 METRO CENTER DRIVE, RESTON VA 20190
Theresa D Golinvaux	officer: Principal Accounting Officer	9300 LEE HIGHWAY, FAIRFAX VA 20131
John Thomas Martinez	officer: Secretary and General Counsel	1600 TYSONS BLVD, #1400, MCLEAN VA 22102
Michael J. Warren	director	C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Bruce Caswell	other: Group President - Human Svcs	11419 SUNSET HILLS ROAD, RESTON VA 20190-5207
Raymond B Ruddy	director	C/O MAXIMUS INC, 11419 SUNSET HILLS ROAD, RESTON VA 20190
David Francis	officer: General Counsel	C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190
John J Haley	director	901 N GLEBE ROAD, ARLINGTON VA 22203
Richard A Montoni	director, officer: CEO and Director	C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190
Richard John Nadeau	officer: Chief Financial Officer	1300 WILSON BLVD., SUITE 400, ARLINGTON VA 22209
Peter Pond	director