Maximus Free Cash Flow vs Change In Working Capital Analysis

MMS Stock

USD 74.50 2.00 2.76%

Maximus financial indicator trend analysis is infinitely more than just investigating Maximus recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maximus is a good investment. Please check the relationship between Maximus Free Cash Flow and its Change In Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maximus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Maximus Stock please use our How to Invest in Maximus guide.

Free Cash Flow vs Change In Working Capital

Free Cash Flow vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maximus Free Cash Flow account and Change In Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Maximus' Free Cash Flow and Change In Working Capital is 0.71. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Maximus, assuming nothing else is changed. The correlation between historical values of Maximus' Free Cash Flow and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Maximus are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Free Cash Flow i.e., Maximus' Free Cash Flow and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Maximus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maximus current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maximus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Maximus Stock please use our How to Invest in Maximus guide.At this time, Maximus' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 14.40 in 2024, whereas Tax Provision is likely to drop slightly above 68 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	939.8M	1.0B	1.3B	1.3B
Total Revenue	4.6B	4.9B	5.3B	5.6B

Gross Profit Total Revenue

Maximus fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Common Stock Total Equity	Short Term Investments	Intangible Assets	Common Stock
Total Assets		0.92	0.98	0.94	0.87	0.64	0.93	0.95	-0.07	0.99	0.74	-0.05	0.93	-0.28	0.96	0.83	0.06	0.98	0.88	0.93	0.67	0.54	0.63	0.77	0.96	0.64
Other Current Liab	0.92		0.93	0.87	0.81	0.45	0.87	0.89	-0.2	0.92	0.85	-0.19	0.87	-0.29	0.87	0.82	-0.01	0.9	0.9	0.85	0.45	0.24	0.53	0.7	0.84	0.52
Total Current Liabilities	0.98	0.93		0.94	0.94	0.6	0.91	0.98	-0.1	0.97	0.72	-0.08	0.96	-0.2	0.92	0.84	0.08	0.96	0.93	0.95	0.63	0.56	0.68	0.77	0.92	0.68
Total Stockholder Equity	0.94	0.87	0.94		0.85	0.43	0.97	0.94	0.09	0.91	0.73	0.11	0.96	-0.18	0.81	0.81	0.11	0.86	0.88	0.98	0.48	0.51	0.72	0.66	0.83	0.72
Property Plant And Equipment Net	0.87	0.81	0.94	0.85		0.54	0.8	0.97	-0.15	0.84	0.57	-0.14	0.95	-0.13	0.78	0.76	0.12	0.84	0.93	0.9	0.55	0.61	0.67	0.75	0.78	0.67
Net Debt	0.64	0.45	0.6	0.43	0.54		0.44	0.57	-0.41	0.68	0.05	-0.41	0.54	-0.24	0.75	0.38	0.02	0.72	0.32	0.43	0.99	0.63	0.37	0.64	0.81	0.42
Retained Earnings	0.93	0.87	0.91	0.97	0.8	0.44		0.9	0.09	0.9	0.75	0.1	0.91	-0.28	0.82	0.78	-0.09	0.86	0.85	0.94	0.48	0.47	0.63	0.71	0.83	0.62
Accounts Payable	0.95	0.89	0.98	0.94	0.97	0.57	0.9		-0.11	0.93	0.67	-0.09	0.99	-0.16	0.86	0.84	0.12	0.91	0.94	0.96	0.58	0.57	0.7	0.73	0.87	0.71
Cash	-0.07	-0.2	-0.1	0.09	-0.15	-0.41	0.09	-0.11		-0.12	0.02	1.0	-0.1	0.46	-0.17	0.0	-0.16	-0.15	-0.06	0.15	-0.27	0.03	0.28	-0.29	-0.17	0.26
Non Current Assets Total	0.99	0.92	0.97	0.91	0.84	0.68	0.9	0.93	-0.12		0.73	-0.11	0.9	-0.34	0.98	0.81	0.05	0.99	0.85	0.89	0.7	0.52	0.58	0.8	0.98	0.58
Non Currrent Assets Other	0.74	0.85	0.72	0.73	0.57	0.05	0.75	0.67	0.02	0.73		0.04	0.65	-0.37	0.68	0.75	0.03	0.7	0.81	0.69	0.07	0.05	0.3	0.55	0.59	0.26
Cash And Short Term Investments	-0.05	-0.19	-0.08	0.11	-0.14	-0.41	0.1	-0.09	1.0	-0.11	0.04		-0.09	0.43	-0.16	0.01	-0.14	-0.14	-0.04	0.17	-0.27	0.04	0.26	-0.27	-0.16	0.24
Net Receivables	0.93	0.87	0.96	0.96	0.95	0.54	0.91	0.99	-0.1	0.9	0.65	-0.09		-0.17	0.82	0.8	0.16	0.87	0.91	0.96	0.55	0.56	0.73	0.7	0.84	0.73
Common Stock Shares Outstanding	-0.28	-0.29	-0.2	-0.18	-0.13	-0.24	-0.28	-0.16	0.46	-0.34	-0.37	0.43	-0.17		-0.37	0.02	-0.17	-0.33	-0.23	-0.06	-0.19	-0.11	0.4	-0.62	-0.32	0.41
Non Current Liabilities Total	0.96	0.87	0.92	0.81	0.78	0.75	0.82	0.86	-0.17	0.98	0.68	-0.16	0.82	-0.37		0.76	0.02	0.99	0.78	0.8	0.77	0.51	0.5	0.8	0.99	0.5
Other Current Assets	0.83	0.82	0.84	0.81	0.76	0.38	0.78	0.84	0.0	0.81	0.75	0.01	0.8	0.02	0.76		-0.02	0.8	0.81	0.82	0.4	0.33	0.62	0.47	0.74	0.62
Other Stockholder Equity	0.06	-0.01	0.08	0.11	0.12	0.02	-0.09	0.12	-0.16	0.05	0.03	-0.14	0.16	-0.17	0.02	-0.02		0.03	0.09	0.09	0.0	0.21	0.07	0.0	0.03	0.07
Total Liab	0.98	0.9	0.96	0.86	0.84	0.72	0.86	0.91	-0.15	0.99	0.7	-0.14	0.87	-0.33	0.99	0.8	0.03		0.83	0.85	0.74	0.53	0.55	0.8	0.98	0.55
Property Plant And Equipment Gross	0.88	0.9	0.93	0.88	0.93	0.32	0.85	0.94	-0.06	0.85	0.81	-0.04	0.91	-0.23	0.78	0.81	0.09	0.83		0.9	0.34	0.41	0.57	0.72	0.73	0.55
Total Current Assets	0.93	0.85	0.95	0.98	0.9	0.43	0.94	0.96	0.15	0.89	0.69	0.17	0.96	-0.06	0.8	0.82	0.09	0.85	0.9		0.49	0.55	0.77	0.63	0.81	0.77
Short Long Term Debt Total	0.67	0.45	0.63	0.48	0.55	0.99	0.48	0.58	-0.27	0.7	0.07	-0.27	0.55	-0.19	0.77	0.4	0.0	0.74	0.34	0.49		0.68	0.43	0.64	0.83	0.47
Short Term Debt	0.54	0.24	0.56	0.51	0.61	0.63	0.47	0.57	0.03	0.52	0.05	0.04	0.56	-0.11	0.51	0.33	0.21	0.53	0.41	0.55	0.68		0.46	0.63	0.57	0.5
Common Stock Total Equity	0.63	0.53	0.68	0.72	0.67	0.37	0.63	0.7	0.28	0.58	0.3	0.26	0.73	0.4	0.5	0.62	0.07	0.55	0.57	0.77	0.43	0.46		0.27	0.55	0.99
Short Term Investments	0.77	0.7	0.77	0.66	0.75	0.64	0.71	0.73	-0.29	0.8	0.55	-0.27	0.7	-0.62	0.8	0.47	0.0	0.8	0.72	0.63	0.64	0.63	0.27		0.78	0.26
Intangible Assets	0.96	0.84	0.92	0.83	0.78	0.81	0.83	0.87	-0.17	0.98	0.59	-0.16	0.84	-0.32	0.99	0.74	0.03	0.98	0.73	0.81	0.83	0.57	0.55	0.78		0.56
Common Stock	0.64	0.52	0.68	0.72	0.67	0.42	0.62	0.71	0.26	0.58	0.26	0.24	0.73	0.41	0.5	0.62	0.07	0.55	0.55	0.77	0.47	0.5	0.99	0.26	0.56

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Maximus Account Relationship Matchups

Maximus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	4.1B	4.0B	4.0B	4.1B	4.3B
Other Current Liab	134.8M	221.9M	294.6M	243.3M	354.3M	372.0M
Total Current Liabilities	561.2M	789.4M	774.4M	723.0M	807.5M	847.9M
Total Stockholder Equity	1.2B	1.5B	1.5B	1.7B	1.8B	1.9B
Property Plant And Equipment Net	243.9M	242.0M	185.1M	202.8M	220.2M	231.2M
Net Debt	141.9M	1.6B	1.5B	1.4B	(85.9M)	(81.6M)
Retained Earnings	770.5M	987.8M	1.0B	1.1B	1.3B	1.3B
Accounts Payable	253.3M	305.6M	264.6M	282.1M	303.3M	318.5M
Cash	71.7M	135.1M	40.7M	65.4M	183.1M	113.3M
Non Current Assets Total	1.1B	3.0B	3.0B	2.9B	2.9B	3.1B
Non Currrent Assets Other	11.6M	16.8M	95.8M	103.0M	282.5M	296.6M
Cash And Short Term Investments	71.7M	135.1M	40.7M	65.4M	183.1M	131.1M
Net Receivables	788.3M	840.2M	809.3M	843.4M	879.5M	923.5M
Common Stock Shares Outstanding	63.3M	62.4M	62.0M	61.5M	61.5M	58.2M
Liabilities And Stockholders Equity	2.0B	4.1B	4.0B	4.0B	4.1B	4.3B
Non Current Liabilities Total	221.7M	1.8B	1.7B	1.6B	1.5B	1.6B
Other Current Assets	72.5M	104.2M	86.3M	146.6M	137.9M	144.8M
Other Stockholder Equity	362K	(39.9M)	(34.0M)	(27.6M)	(24.9M)	(26.1M)
Total Liab	782.9M	2.6B	2.4B	2.3B	2.3B	2.4B
Property Plant And Equipment Gross	243.9M	242.0M	185.1M	202.8M	335.5M	352.3M
Total Current Assets	932.6M	1.1B	1.0B	1.1B	1.2B	1.3B
Accumulated Other Comprehensive Income	(42.6M)	(39.9M)	(34.0M)	(27.6M)	(32.5M)	(30.8M)
Short Long Term Debt Total	213.7M	1.7B	1.5B	1.4B	97.2M	92.4M
Short Term Debt	172.4M	156.6M	127.5M	136.7M	40.1M	42.1M
Common Stock Total Equity	498.4M	514.0M	532.4M	558.0M	641.7M	383.9M
Intangible Assets	183.9M	922.0M	863.6M	811.5M	630.6M	662.1M
Common Stock	514.0M	532.4M	558.0M	577.9M	598.3M	387.5M
Other Liab	99.7M	298.3M	290.2M	302.4M	347.8M	365.2M
Other Assets	71.2M	101.1M	132.2M	105.9M	121.8M	127.8M
Good Will	593.1M	1.8B	1.8B	1.8B	1.8B	1.9B
Property Plant Equipment	66.7M	242.0M	185.1M	202.8M	233.2M	244.8M
Current Deferred Revenue	51.7M	98.6M	87.1M	60.5M	83.2M	55.5M
Net Tangible Assets	464.8M	(1.2B)	(1.1B)	(922.8M)	(830.6M)	(789.0M)

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