Hub Group Inc (HUBG)
Total 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 |
| Total assets | US$ in thousands | 2,868,340 | 2,833,120 | 2,858,700 | 2,891,270 | 2,936,050 | 2,918,130 | 2,800,040 | 2,887,980 | 2,810,080 | 2,752,660 | 2,679,240 | 2,547,130 | 2,437,290 | 2,291,480 | 2,186,220 | 2,154,770 | 2,105,400 | 2,064,970 | 1,999,180 | 2,094,610 |
| Total asset turnover | 1.38 | 1.40 | 1.39 | 1.40 | 1.43 | 1.54 | 1.73 | 1.80 | 1.90 | 1.93 | 1.88 | 1.81 | 1.74 | 1.71 | 1.73 | 1.66 | 1.66 | 1.66 | 1.71 | 1.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,944,208K ÷ $2,868,340K
= 1.38
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.
Based on the data provided for Hub Group Inc, the total asset turnover ratio has shown fluctuations over the years. The ratio increased gradually from 1.70 in March 2020 to a peak of 1.93 in September 2022, indicating improved efficiency in generating sales relative to its total assets during this period.
However, the ratio started declining from the peak, reaching a low of 1.38 in December 2024. This decrease suggests a potential decrease in the company's ability to generate revenue from its assets efficiently.
It is important for investors and analysts to closely monitor changes in the total asset turnover ratio to assess the company's operational efficiency and asset utilization. Further analysis of the company's operational performance and strategic initiatives may be needed to understand the factors contributing to the fluctuations in the total asset turnover ratio for Hub Group Inc.
Peer comparison
Dec 31, 2024