Hubbell Inc (HUBB)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	777,800	751,800	732,500	725,700	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
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
ROA		11.65%	10.84%	10.66%	10.58%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $777,800K ÷ $6,679,100K
= 11.65%

Hubbell Inc's return on assets (ROA) has fluctuated over the period provided. The ROA was at 8.14% as of March 31, 2020, and gradually decreased to 6.91% by December 31, 2020. Subsequently, there was a slight uptick in ROA with 7.56% recorded on December 31, 2021.

The trend then reversed, showcasing an improvement in performance, with ROA increasing to 12.02% by September 30, 2023, the highest point in the data set. However, by December 31, 2024, the ROA had decreased slightly to 11.65%.

Overall, the ROA for Hubbell Inc has shown some volatility but generally demonstrated an upward trend from the end of 2020 to late 2023, indicating an enhancement in the company's ability to generate profits from its assets. The variations in ROA levels reflect changes in the efficiency of asset utilization and profitability of the company over the given period.