Maximus Inc (MMS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,842,820	1,667,840	1,549,370	1,480,330	1,241,820
ROE		16.65%	9.70%	13.16%	19.67%	17.27%

September 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $306,914K ÷ $1,842,820K
= 16.65%

Maximus Inc's return on equity (ROE) has shown fluctuations over the past five years. In Sep 2024, the ROE stood at 16.65%, marking an increase from the previous year's 9.70%. This signifies an improvement in Maximus Inc's ability to generate profits from its shareholders' equity.

Comparing Sep 2024 to Sep 2023, the significant increase in ROE indicates that the company may have improved its operational efficiency or profitability during this period. However, further analysis is necessary to determine the specific factors driving this change.

Looking at the trend over the five-year period, Maximus Inc's ROE has varied, with higher levels in 2021 and 2020 at 19.67% and 17.27%, respectively. This suggests that the company has experienced fluctuations in its financial performance and efficiency in utilizing shareholders' equity to generate profits.

Overall, Maximus Inc's ROE performance indicates some variability, and further investigation into the factors influencing this metric would be essential to gain a deeper understanding of the company's financial health and operational effectiveness.