Total Asset Turnover
since 2005
Calculation
Hubbell Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.92 | = | 4,947,900) | ÷ | 5,402,600) |
| Dec 31, 2021 | 0.79 | = | 4,194,100) | ÷ | 5,281,500) |
| Dec 31, 2020 | 0.82 | = | 4,186,000) | ÷ | 5,085,100) |
| Dec 31, 2019 | 0.94 | = | 4,591,000) | ÷ | 4,903,000) |
| Dec 31, 2018 | 0.92 | = | 4,481,700) | ÷ | 4,872,100) |
| Dec 31, 2017 | 0.99 | = | 3,668,800) | ÷ | 3,720,600) |
| Dec 31, 2016 | 0.99 | = | 3,505,200) | ÷ | 3,525,000) |
| Dec 31, 2015 | 1.06 | = | 3,390,400) | ÷ | 3,208,700) |
| Dec 31, 2014 | 1.01 | = | 3,359,400) | ÷ | 3,322,800) |
| Dec 31, 2013 | 1.00 | = | 3,183,900) | ÷ | 3,187,200) |
| Dec 31, 2012 | 1.03 | = | 3,044,400) | ÷ | 2,947,000) |
| Dec 31, 2011 | 1.01 | = | 2,871,600) | ÷ | 2,846,500) |
| Dec 31, 2010 | 0.94 | = | 2,541,200) | ÷ | 2,705,800) |
| Dec 31, 2009 | 0.96 | = | 2,355,600) | ÷ | 2,464,500) |
| Dec 31, 2008 | 1.28 | = | 2,704,400) | ÷ | 2,115,500) |
| Dec 31, 2007 | 1.36 | = | 2,533,900) | ÷ | 1,863,400) |
| Dec 31, 2006 | 1.38 | = | 2,414,300) | ÷ | 1,751,500) |
| Dec 31, 2005 | 1.26 | = | 2,104,900) | ÷ | 1,667,000) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Net sales
- Net sales exhibited a generally upward trajectory from 2005 to 2022, starting at approximately $2.1 billion in 2005 and reaching nearly $4.95 billion in 2022. There were some fluctuations, with a notable dip around 2009, where sales decreased from $2.7 billion in 2008 to approximately $2.36 billion. After this decline, sales recovered consistently and experienced significant growth especially after 2014, culminating in substantial increases through 2018 and 2022. The overall trend points to steady expansion in revenue over the analyzed period.
- Total assets
- Total assets showed a continuous increase throughout the period, growing from about $1.67 billion in 2005 to $5.4 billion by 2022. There was a gradual rise from 2005 to 2014, with assets increasing steadily despite some minor year-over-year variations. A pronounced jump is observable starting in 2014, with assets increasing by over $1 billion in subsequent years and maintaining this elevated level through 2022. This steady accumulation of assets suggests investment and growth in the company's resource base.
- Total asset turnover
- Total asset turnover ratios fluctuated between 0.79 and 1.38 during the period. Initially, the ratio increased from 1.26 in 2005 reaching a peak at 1.38 in 2006, indicating improved efficiency in using assets to generate sales. However, from 2007 to 2014, the ratio gradually declined with some variability, stabilizing around 1.0. Starting from 2015, the ratio dropped further, hitting the lowest point of 0.79 in 2021, before rising slightly to 0.92 in 2022. This downward trend in asset turnover suggests that while assets have grown substantially, their efficiency in generating sales has somewhat diminished in recent years.
- Summary
- The data indicate strong growth in both net sales and total assets over the analyzed period, highlighting expansion and increased investment. Nonetheless, the declining total asset turnover ratio points to a decreasing effectiveness in utilizing assets to produce revenue. This may imply the company has been investing heavily in assets that have yet to generate proportional increases in sales or that operational efficiency relative to asset use has declined. The recovery in turnover ratio in 2022 suggests potential improvements in asset utilization in the most recent year.
Comparison to Competitors
Hubbell Inc., total asset turnover, long-term trends, comparison to competitors
| Hubbell Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.92 | 0.49 | 0.69 | 0.59 | 0.39 | 0.57 | 1.25 | 0.42 |
| Dec 31, 2021 | 0.79 | 0.45 | 0.58 | 0.58 | 0.36 | 0.53 | 1.32 | 0.40 |
| Dec 31, 2020 | 0.82 | 0.38 | 0.50 | 0.56 | 0.29 | 0.51 | 1.29 | 0.35 |
| Dec 31, 2019 | 0.94 | 0.57 | 0.65 | 0.65 | 0.33 | 0.63 | 1.26 | 0.55 |
| Dec 31, 2018 | 0.92 | 0.86 | 0.66 | 0.70 | 0.37 | 0.72 | 1.20 | 0.50 |
| Dec 31, 2017 | 0.99 | 1.01 | 0.55 | 0.63 | 0.30 | 0.68 | 1.10 | 0.62 |
| Dec 31, 2016 | 0.99 | 1.05 | 0.48 | 0.65 | 0.30 | 0.73 | 0.99 | 0.64 |
| Dec 31, 2015 | 1.06 | 1.02 | 0.56 | 0.67 | 0.21 | 0.78 | 0.94 | 0.64 |
| Dec 31, 2014 | 1.01 | 0.91 | 0.62 | 0.67 | 0.16 | 0.89 | 1.23 | 0.71 |
| Dec 31, 2013 | 1.00 | 0.93 | 0.62 | 0.62 | 0.15 | 0.86 | 1.25 | 0.69 |
| Dec 31, 2012 | 1.03 | 0.92 | 0.71 | 0.46 | 0.15 | 0.90 | 1.22 | 0.65 |
| Dec 31, 2011 | 1.01 | 0.86 | 0.70 | 0.90 | 0.13 | 0.92 | 1.23 | 0.95 |
| Dec 31, 2010 | 0.94 | 0.94 | 0.62 | 0.79 | 0.13 | 0.88 | 1.31 | 0.93 |
| Dec 31, 2009 | 0.96 | 1.10 | 0.49 | 0.73 | 0.13 | 0.86 | 1.29 | 0.94 |
| Dec 31, 2008 | 1.28 | 1.13 | 0.71 | 0.92 | 0.14 | 1.03 | 1.28 | 1.03 |
| Dec 31, 2007 | 1.36 | 1.13 | 0.75 | 0.97 | 0.13 | 1.02 | 1.45 | 0.99 |
| Dec 31, 2006 | 1.38 | 1.19 | 0.76 | 1.08 | 0.14 | 1.01 | 1.40 | 1.00 |
| Dec 31, 2005 | 1.26 | 0.91 | 0.72 | 1.09 | 0.14 | 0.86 | 1.34 | 0.92 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Hubbell Inc., total asset turnover, long-term trends, comparison to sector (capital goods)
| Hubbell Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 0.92 | 0.54 |
| Dec 31, 2021 | 0.79 | 0.50 |
| Dec 31, 2020 | 0.82 | 0.43 |
| Dec 31, 2019 | 0.94 | 0.54 |
| Dec 31, 2018 | 0.92 | 0.58 |
| Dec 31, 2017 | 0.99 | 0.54 |
| Dec 31, 2016 | 0.99 | 0.54 |
| Dec 31, 2015 | 1.06 | 0.46 |
| Dec 31, 2014 | 1.01 | 0.41 |
| Dec 31, 2013 | 1.00 | 0.39 |
| Dec 31, 2012 | 1.03 | 0.38 |
| Dec 31, 2011 | 1.01 | 0.36 |
| Dec 31, 2010 | 0.94 | 0.34 |
| Dec 31, 2009 | 0.96 | 0.33 |
| Dec 31, 2008 | 1.28 | 0.35 |
| Dec 31, 2007 | 1.36 | 0.34 |
| Dec 31, 2006 | 1.38 | 0.36 |
| Dec 31, 2005 | 1.26 | 0.33 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Hubbell Inc., total asset turnover, long-term trends, comparison to industry (industrials)
| Hubbell Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 0.92 | 0.66 |
| Dec 31, 2021 | 0.79 | 0.58 |
| Dec 31, 2020 | 0.82 | 0.50 |
| Dec 31, 2019 | 0.94 | 0.62 |
| Dec 31, 2018 | 0.92 | 0.67 |
| Dec 31, 2017 | 0.99 | 0.62 |
| Dec 31, 2016 | 0.99 | 0.61 |
| Dec 31, 2015 | 1.06 | 0.54 |
| Dec 31, 2014 | 1.01 | 0.49 |
| Dec 31, 2013 | 1.00 | 0.47 |
| Dec 31, 2012 | 1.03 | 0.46 |
| Dec 31, 2011 | 1.01 | 0.45 |
| Dec 31, 2010 | 0.94 | 0.41 |
| Dec 31, 2009 | 0.96 | 0.39 |
| Dec 31, 2008 | 1.28 | 0.43 |
| Dec 31, 2007 | 1.36 | 0.41 |
| Dec 31, 2006 | 1.38 | 0.43 |
| Dec 31, 2005 | 1.26 | 0.40 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).