Maximus Inc (MMS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,842,820	1,818,720	1,789,140	1,717,810	1,667,840	1,632,850	1,601,720	1,581,010	1,549,370	1,521,560	1,554,220	1,528,430	1,480,330	1,453,450	1,369,900	1,298,310	1,241,820	1,194,950	1,138,470	1,299,000
ROE		16.65%	16.14%	13.12%	10.82%	9.70%	10.52%	10.75%	12.05%	13.16%	12.28%	16.08%	18.35%	19.67%	20.84%	19.92%	16.93%	17.27%	17.65%	18.39%	18.76%

September 30, 2024 calculation

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

Maximus Inc's return on equity (ROE) has shown fluctuations over the past eight quarters, ranging from a low of 9.70% in September 2023 to a high of 20.84% in March 2021. The trend indicates a general increase from September 2023 to March 2021, followed by some volatility in the subsequent quarters.

Notably, the ROE has generally been above 10% in the past eight quarters, indicating a consistent ability of the company to generate profits from its shareholders' equity. The highest ROE of 20.84% in March 2021 suggests that Maximus Inc was particularly efficient in utilizing its equity to generate profits at that time.

However, the ROE has since experienced a slight decline, with the latest reported figure of 16.65% in September 2024. While still a respectable figure, this downward trend may warrant further investigation to understand the factors contributing to the recent decrease in profitability relative to the company's equity.

In conclusion, Maximus Inc's ROE demonstrates a history of profitability and efficient use of shareholder equity, although recent fluctuations suggest the need for ongoing monitoring and analysis to ensure sustained financial performance.