Hubbell Inc (HUBB)

Fixed asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	5,335,100	5,207,000	5,143,100	5,029,700	4,896,200	4,789,600	4,685,500	4,597,700	4,518,800	4,456,600	4,350,200	4,128,200	4,140,200	4,205,600	4,320,700	4,566,400	4,561,000	4,601,800	4,554,400	4,523,100
Property, plant and equipment	US$ in thousands	652,600	572,200	557,500	539,000	528,000	478,500	464,800	460,400	459,500	521,200	518,700	516,700	438,700	485,300	489,100	495,500	505,200	497,600	509,300	504,500
Fixed asset turnover		8.18	9.10	9.23	9.33	9.27	10.01	10.08	9.99	9.83	8.55	8.39	7.99	9.44	8.67	8.83	9.22	9.03	9.25	8.94	8.97

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,335,100K ÷ $652,600K
= 8.18

The fixed asset turnover ratio for Hubbell Inc. has been relatively stable and consistently high over the past eight quarters, ranging between 8.23 and 9.42. This indicates that the company is efficient in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets effectively to generate sales.

The consistent high values of the fixed asset turnover ratio for Hubbell Inc. reflect the company's efficient utilization of its fixed assets to drive sales growth. This efficiency in asset turnover is a positive indicator of operational effectiveness and can contribute to overall profitability and financial performance. It shows that Hubbell Inc. is effectively managing its investment in fixed assets to support its business operations and generate revenue.