Maximus Inc (MMS)

Operating return on assets (Operating ROA)

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Operating income (ttm)	US$ in thousands	488,499	475,867	392,516	327,527	294,794	310,194	306,363	319,146	325,898	279,551	364,589	402,487	408,530	424,876	372,590	296,715	288,278	281,331	277,616	322,106
Total assets	US$ in thousands	4,131,510	3,999,790	4,041,140	4,016,860	3,985,800	3,943,180	3,898,860	4,234,920	3,992,710	4,057,920	4,107,700	4,181,870	4,118,960	4,370,590	2,441,400	2,066,230	2,024,700	2,062,990	1,960,410	1,989,790
Operating ROA		11.82%	11.90%	9.71%	8.15%	7.40%	7.87%	7.86%	7.54%	8.16%	6.89%	8.88%	9.62%	9.92%	9.72%	15.26%	14.36%	14.24%	13.64%	14.16%	16.19%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $488,499K ÷ $4,131,510K
= 11.82%

Operating ROA is a key financial metric that indicates how efficiently a company generates operating profit relative to its total assets. Maximus Inc's operating ROA has fluctuated over the past several quarters, ranging from a low of 6.89% to a high of 16.19%.

The trend in the operating ROA shows that Maximus Inc's performance in utilizing its assets to generate operating income has varied. The highest operating ROA of 16.19% occurred in the first quarter of 2020, suggesting the company was particularly efficient at generating operating profit from its assets during that period.

However, there have been fluctuations in operating ROA in subsequent quarters, showing a general trend of the metric hovering around the 8% to 10% range in more recent periods. The latest operating ROA of 11.82% as of September 30, 2024, indicates a slight increase from the previous quarter.

Overall, while Maximus Inc has shown the ability to generate operating profit from its assets, the fluctuating nature of the operating ROA suggests potential variability in the company's operational efficiency over time. It is important for stakeholders to closely monitor this metric to assess the company's performance in utilizing its assets effectively to drive profitability.