Hubbell Inc (HUBB)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,622,200	5,333,700	4,894,800	4,120,400	4,125,400
Total assets	US$ in thousands	6,679,100	6,914,000	5,402,600	5,281,500	5,085,100
Total asset turnover		0.84	0.77	0.91	0.78	0.81

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,622,200K ÷ $6,679,100K
= 0.84

Based on the provided data, the total asset turnover for Hubbell Inc has shown some fluctuations over the past five years. In December 31, 2020, the total asset turnover was 0.81, which indicates that the company generated $0.81 in revenue for every dollar of assets it had. This ratio decreased slightly to 0.78 by December 31, 2021, before increasing to 0.91 by December 31, 2022, showing improved efficiency in generating revenue from its assets.

However, there was a drop in total asset turnover to 0.77 by December 31, 2023, suggesting a potential decrease in sales relative to the total assets held by the company. Despite this decrease, Hubbell Inc managed to improve its total asset turnover to 0.84 by December 31, 2024.

Overall, the trend in total asset turnover indicates some variability in the company's ability to utilize its assets efficiently to generate sales revenue. It would be beneficial for stakeholders to further investigate the underlying factors contributing to these fluctuations to assess the company's operational efficiency and financial performance.