Maximus Inc (MMS)

Return on assets (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
Net income (ttm)	US$ in thousands	306,914	293,556	234,667	185,945	161,792	171,713	172,185	190,493	203,828	186,775	249,935	280,453	291,200	302,847	272,816	219,852	214,509	210,937	209,371	243,645
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
ROA		7.43%	7.34%	5.81%	4.63%	4.06%	4.35%	4.42%	4.50%	5.11%	4.60%	6.08%	6.71%	7.07%	6.93%	11.17%	10.64%	10.59%	10.22%	10.68%	12.24%

September 30, 2024 calculation

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

The return on assets (ROA) for Maximus Inc has fluctuated over the past few years, ranging from a low of 4.06% in September 2023 to a high of 12.24% in June 2020. In general, Maximus Inc has maintained a relatively stable ROA, with the latest ROA standing at 7.43% in September 2024.

ROA is a key profitability ratio that indicates how well a company is utilizing its assets to generate profit. A higher ROA indicates better asset utilization and profitability. Maximus Inc's ROA has shown some variability, possibly influenced by changes in the company's asset base, operational efficiency, or profitability.

It is important for Maximus Inc to continue monitoring and improving its ROA to ensure efficient use of assets and sustained profitability. Additionally, comparing ROA with industry benchmarks and historical trends can provide valuable insights into the company's financial performance and competitive position.