Hubbell Inc (HUBB)

Total asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	5,601,600	5,602,400	5,527,800	5,432,000	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
Total assets	US$ in thousands	6,679,100	6,935,000	6,871,700	6,862,100	6,914,000	5,768,300	5,640,900	5,480,800	5,402,600	5,338,400	5,238,200	5,169,700	5,281,500	5,241,700	5,172,800	5,292,900	5,085,100	4,877,100	5,058,700	4,959,100
Total asset turnover		0.84	0.81	0.80	0.79	0.77	0.90	0.91	0.92	0.91	0.90	0.89	0.89	0.86	0.85	0.84	0.78	0.81	0.86	0.85	0.92

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,601,600K ÷ $6,679,100K
= 0.84

The total asset turnover of Hubbell Inc has shown some fluctuation over the period analyzed. It decreased from 0.92 as of March 31, 2020, to 0.81 by December 31, 2024. The ratio indicates how effectively the company is utilizing its assets to generate sales. A higher total asset turnover is generally preferred, as it suggests that the company is efficient in generating sales revenue with the assets at its disposal.

In the case of Hubbell Inc, the gradual decline in total asset turnover may indicate a decrease in efficiency in utilizing its assets to generate sales over the period. Management should investigate the underlying reasons for this trend and implement strategies to improve asset utilization efficiency.