The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Maximus's Revenue for the
three
months ended in Dec. 2023 was $1,327 Mil. Maximus's average Accounts Receivable for the
three
months ended in Dec. 2023 was $700 Mil.
Hence, Maximus's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.89.
Maximus Receivables Turnover Historical Data
The historical data trend for Maximus's Receivables Turnover 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.
Competitive Comparison of Maximus's Receivables Turnover
For the Specialty Business Services subindustry, Maximus's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Maximus's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Maximus's Receivables Turnover falls into.
Maximus Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Maximus's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Maximus (NYSE:MMS) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Maximus Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Maximus's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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