Hub Group Inc (HUBG)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	3,944,208	3,952,977	3,987,385	4,038,240	4,195,418	4,499,370	4,831,330	5,194,040	5,341,940	5,319,660	5,039,710	4,619,111	4,237,513	3,925,073	3,774,338	3,571,114	3,487,825	3,435,776	3,423,820	3,566,056
Property, plant and equipment	US$ in thousands	739,896	741,753	759,779	777,209	791,692	789,842	783,127	776,656	783,683	755,580	712,571	689,779	681,451	661,346	632,236	641,858	671,101	638,940	650,990	668,398
Fixed asset turnover		5.33	5.33	5.25	5.20	5.30	5.70	6.17	6.69	6.82	7.04	7.07	6.70	6.22	5.93	5.97	5.56	5.20	5.38	5.26	5.34

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,944,208K ÷ $739,896K
= 5.33

Hub Group Inc's fixed asset turnover has shown a generally increasing trend over the analyzed period, starting at 5.34 in March 2020 and reaching 5.33 in December 2024. This ratio indicates that the company generated $5.33 in revenue for each dollar invested in fixed assets at the end of 2024. The fluctuation in the ratio illustrates changes in the efficiency of utilizing fixed assets to generate sales. The peak value of 7.07 in June 2022 suggests that the company was effectively utilizing its fixed assets to generate revenue efficiently at that time. However, the gradual decline in the ratio from June 2022 to December 2024 signals a potential slowdown in asset turnover efficiency. Overall, monitoring this trend can provide insights into Hub Group Inc's operational effectiveness and potential capital allocation strategies.