Hubbell Inc (HUBB)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,091,600 | 1,038,500 | 709,100 | 532,300 | 494,500 |
| Total assets | US$ in thousands | 6,679,100 | 6,914,000 | 5,402,600 | 5,281,500 | 5,085,100 |
| Operating ROA | 16.34% | 15.02% | 13.13% | 10.08% | 9.72% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,091,600K ÷ $6,679,100K
= 16.34%
Hubbell Inc's operating return on assets (operating ROA) has been showing a positive trend over the past five years. Starting at 9.72% on December 31, 2020, the operating ROA increased steadily to 16.34% by December 31, 2024. This indicates that the company has been effectively generating operating income relative to its total assets, reflecting improved operational efficiency and asset utilization over the period. The consistent growth in operating ROA suggests that Hubbell Inc has been able to effectively manage its assets to generate higher operational returns. This trend is generally favorable as it demonstrates the company's ability to generate profits from its core business activities relative to its asset base.
Peer comparison
Dec 31, 2024