Maximus Inc (MMS)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	306,914	161,792	203,828	291,200	214,509
Total assets	US$ in thousands	4,131,510	3,985,800	3,992,710	4,118,960	2,024,700
ROA		7.43%	4.06%	5.11%	7.07%	10.59%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $306,914K ÷ $4,131,510K
= 7.43%

Maximus Inc's return on assets (ROA) has fluctuated over the past five years, ranging from 4.06% in 2023 to 10.59% in 2020. The ROA decreased to 5.11% in 2022 from the peak in 2020. However, it rebounded to 7.43% in 2024, which indicates the company's ability to generate profits relative to its total assets improved compared to the previous year. It is important to note that a higher ROA signifies more efficient asset utilization and profitability. Overall, Maximus Inc's ROA trend suggests varying levels of asset efficiency and profitability over the years.