Hubbell Inc (HUBB)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,038,500 | 984,900 | 912,200 | 815,000 | 709,100 | 671,400 | 613,700 | 565,300 | 532,300 | 479,300 | 496,300 | 485,600 | 494,500 | 479,200 | 489,200 | 524,600 | 526,700 | 597,300 | 588,200 | 578,200 |
| 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 |
| Operating ROA | 15.02% | 17.07% | 16.17% | 14.87% | 13.13% | 12.58% | 11.72% | 10.93% | 10.08% | 9.14% | 9.59% | 9.17% | 9.72% | 9.83% | 9.67% | 10.58% | 10.74% | 11.77% | 11.68% | 11.62% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,038,500K ÷ $6,914,000K
= 15.02%
Hubbell Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters, indicating improved operational efficiency and profitability. The operating ROA has steadily increased from 10.79% in Q1 2022 to 15.02% in Q4 2023. This signifies that the company has been generating more operating income relative to its total assets.
The consistent growth in operating ROA reflects Hubbell Inc.'s ability to efficiently utilize its assets to generate operating profits. This may result from effective cost management, revenue growth, or operational improvements within the company.
Overall, the increasing trend in Hubbell Inc.'s operating ROA suggests that the company's management is effectively leveraging its assets to drive operational performance and create value for shareholders.
Peer comparison
Dec 31, 2023