Hubbell Inc (HUBB)

Return on assets (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
Net income (ttm)	US$ in thousands	759,800	693,400	632,400	547,600	545,900	558,900	528,200	502,000	399,500	362,800	361,500	353,900	351,200	372,200	395,800	403,600	400,900	387,000	369,900	374,200
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
ROA		10.99%	12.02%	11.21%	9.99%	10.10%	10.47%	10.08%	9.71%	7.56%	6.92%	6.99%	6.69%	6.91%	7.63%	7.82%	8.14%	8.18%	7.63%	7.35%	7.52%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $759,800K ÷ $6,914,000K
= 10.99%

To analyze Hubbell Inc.'s return on assets (ROA) based on the provided data, we observe fluctuations in the ROA over the past eight quarters.

The ROA for Q4 2023 stands at 10.96%, showing a slight decrease from the previous quarter's 11.99% in Q3 2023. However, it remains relatively consistent within the range observed over the past two years.

Looking at the trend over a longer period, we note that ROA has ranged from 9.68% to 11.99% over the past eight quarters. This indicates stability and a relatively healthy performance in terms of generating profits from the company's assets.

Hubbell Inc.'s ability to generate return on its assets has shown resilience, with ROA consistently above 10% for most quarters. This suggests efficient asset utilization and effective management of the company's resources to generate profits.

Overall, the trend in the ROA of Hubbell Inc. reflects a consistent and stable performance in generating returns from its assets, indicating sound operational efficiency and financial management.