Hubbell Inc (HUBB)

Total 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
Total assets	US$ in thousands	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	4,903,000	5,074,300	5,036,000	4,976,100
Total asset turnover		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	0.93	0.91	0.90	0.91

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,335,100K ÷ $6,914,000K
= 0.77

Total asset turnover is a financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. It is calculated by dividing sales by average total assets.

Looking at the data provided for Hubbell Inc., we observe fluctuations in the total asset turnover ratio over the past eight quarters. The total asset turnover ranged from 0.78 to 0.93 during this period.

In Q4 2023, the total asset turnover was 0.78, indicating that for every dollar of assets, the company generated $0.78 in sales. This ratio increased in the following quarters, reaching 0.93 in Q1 2023, which implies that the company improved its asset utilization efficiency during that period.

The general trend for Hubbell Inc.'s total asset turnover seems to be fluctuating around the 0.83 to 0.93 range, with some variations. It is essential to delve deeper into the company's financial performance and operations to understand the factors contributing to these fluctuations in the total asset turnover ratio. A higher total asset turnover ratio generally indicates better asset utilization, while a lower ratio may suggest inefficiencies in asset management or a decline in sales relative to the asset base. By analyzing these ratios over time, investors and stakeholders can gain insights into the company's operational efficiency and financial health.