Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Hubbell Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Hubbell Inc. net fixed asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Hubbell Inc. total asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Hubbell Inc. equity turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Net Fixed Asset Turnover
Hubbell Inc., net fixed asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net sales | 1,375,800) | 1,365,900) | 1,285,400) | 1,219,600) | 1,316,200) | 1,256,000) | 1,156,100) | 1,100,100) | 1,083,400) | 1,054,300) | 956,300) | 1,037,900) | 1,108,600) | 949,200) | 1,090,300) | 1,103,300) | 1,204,000) | 1,196,400) | 1,087,300) | 1,144,100) | 1,179,700) | 1,166,700) | 991,200) | |||||||
| Property, plant, and equipment, net | 572,200) | 557,500) | 539,000) | 528,000) | 478,500) | 464,800) | 460,400) | 459,500) | 521,200) | 518,700) | 516,700) | 519,200) | 485,300) | 489,100) | 495,500) | 505,200) | 497,600) | 509,300) | 504,500) | 502,100) | 499,500) | 496,300) | 494,900) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 9.17 | 9.30 | 9.42 | 9.37 | 10.09 | 9.89 | 9.54 | 9.13 | 7.93 | 8.01 | 7.84 | 8.06 | 8.76 | 8.89 | 9.27 | 9.09 | 9.31 | 9.05 | 9.07 | 8.93 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 7.23 | 7.04 | 6.72 | 6.31 | 5.85 | 5.72 | 5.68 | 5.70 | 5.65 | 5.44 | 4.85 | 4.92 | 5.08 | 5.47 | 5.69 | 6.12 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 5.17 | 5.10 | 4.91 | 4.70 | 4.62 | 4.36 | 4.18 | 3.99 | 3.84 | 3.59 | 3.32 | 3.15 | 3.34 | 3.53 | 3.84 | 3.93 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 6.77 | 6.75 | 6.67 | 6.59 | 6.80 | 6.50 | 6.38 | 6.41 | 6.45 | 6.25 | 6.08 | 6.02 | 6.31 | 6.61 | 7.10 | 6.12 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 5.50 | 5.58 | 5.84 | 5.08 | 5.04 | 4.83 | 4.73 | 4.55 | 4.53 | 4.45 | 4.33 | 1.63 | 1.72 | 1.77 | 1.87 | 1.89 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 6.64 | 6.59 | 6.57 | 6.48 | 6.54 | 6.45 | 6.27 | 6.18 | 6.28 | 6.15 | 5.88 | 5.86 | 6.13 | 6.48 | 6.96 | 6.89 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 8.41 | 8.46 | 8.33 | 8.27 | 8.48 | 8.48 | 8.70 | 8.83 | 9.05 | 9.17 | 9.15 | 9.07 | 9.44 | 9.44 | 9.25 | 9.07 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 4.37 | 4.61 | 4.53 | 4.42 | 4.50 | 4.43 | 4.37 | 4.30 | 4.39 | 4.25 | 4.10 | 3.78 | 4.05 | 4.35 | 5.61 | 6.04 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Net fixed asset turnover
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ Property, plant, and equipment, net
= (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600)
÷ 572,200 = 9.17
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Hubbell Inc. net fixed asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Total Asset Turnover
Hubbell Inc., total asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net sales | 1,375,800) | 1,365,900) | 1,285,400) | 1,219,600) | 1,316,200) | 1,256,000) | 1,156,100) | 1,100,100) | 1,083,400) | 1,054,300) | 956,300) | 1,037,900) | 1,108,600) | 949,200) | 1,090,300) | 1,103,300) | 1,204,000) | 1,196,400) | 1,087,300) | 1,144,100) | 1,179,700) | 1,166,700) | 991,200) | |||||||
| Total assets | 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) | 4,872,100) | 4,997,500) | 4,971,100) | 4,975,400) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Total asset turnover1 | 0.91 | 0.92 | 0.93 | 0.92 | 0.90 | 0.88 | 0.85 | 0.79 | 0.79 | 0.80 | 0.77 | 0.82 | 0.87 | 0.86 | 0.93 | 0.94 | 0.91 | 0.91 | 0.92 | 0.92 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 0.56 | 0.55 | 0.52 | 0.49 | 0.45 | 0.45 | 0.45 | 0.45 | 0.43 | 0.41 | 0.38 | 0.38 | 0.38 | 0.41 | 0.49 | 0.57 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 0.73 | 0.72 | 0.70 | 0.69 | 0.66 | 0.63 | 0.61 | 0.58 | 0.57 | 0.53 | 0.50 | 0.50 | 0.53 | 0.57 | 0.63 | 0.65 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 0.61 | 0.60 | 0.60 | 0.59 | 0.59 | 0.56 | 0.56 | 0.58 | 0.57 | 0.52 | 0.52 | 0.56 | 0.59 | 0.63 | 0.68 | 0.65 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 0.43 | 0.42 | 0.43 | 0.39 | 0.40 | 0.39 | 0.37 | 0.36 | 0.30 | 0.30 | 0.29 | 0.29 | 0.30 | 0.31 | 0.33 | 0.33 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 0.59 | 0.58 | 0.60 | 0.57 | 0.58 | 0.55 | 0.54 | 0.53 | 0.54 | 0.53 | 0.51 | 0.51 | 0.52 | 0.54 | 0.63 | 0.63 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 1.19 | 1.18 | 1.21 | 1.25 | 1.24 | 1.24 | 1.28 | 1.32 | 1.28 | 1.28 | 1.28 | 1.29 | 1.27 | 1.27 | 1.24 | 1.26 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 0.41 | 0.44 | 0.42 | 0.42 | 0.42 | 0.41 | 0.41 | 0.40 | 0.40 | 0.39 | 0.38 | 0.35 | 0.37 | 0.40 | 0.50 | 0.55 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Total asset turnover
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ Total assets
= (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600)
÷ 5,768,300 = 0.91
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Hubbell Inc. total asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Equity Turnover
Hubbell Inc., equity turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net sales | 1,375,800) | 1,365,900) | 1,285,400) | 1,219,600) | 1,316,200) | 1,256,000) | 1,156,100) | 1,100,100) | 1,083,400) | 1,054,300) | 956,300) | 1,037,900) | 1,108,600) | 949,200) | 1,090,300) | 1,103,300) | 1,204,000) | 1,196,400) | 1,087,300) | 1,144,100) | 1,179,700) | 1,166,700) | 991,200) | |||||||
| Total Hubbell Incorporated shareholders’ equity | 2,739,100) | 2,620,700) | 2,472,700) | 2,360,900) | 2,318,700) | 2,256,900) | 2,213,300) | 2,229,800) | 2,168,800) | 2,125,700) | 2,082,700) | 2,070,000) | 2,016,800) | 1,959,900) | 1,914,900) | 1,947,100) | 1,903,100) | 1,835,900) | 1,808,100) | 1,780,600) | 1,754,800) | 1,684,900) | 1,662,000) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Equity turnover1 | 1.92 | 1.98 | 2.05 | 2.10 | 2.08 | 2.04 | 1.99 | 1.88 | 1.91 | 1.96 | 1.95 | 2.02 | 2.11 | 2.22 | 2.40 | 2.36 | 2.43 | 2.51 | 2.53 | 2.52 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 3.10 | 3.39 | 3.24 | 3.57 | 3.45 | 3.26 | 2.92 | 2.92 | 2.74 | 2.57 | 2.43 | 2.55 | 2.73 | 3.17 | 3.38 | 3.48 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 1.23 | 1.23 | 1.23 | 1.22 | 1.26 | 1.21 | 1.19 | 1.20 | 1.22 | 1.24 | 1.18 | 1.20 | 1.27 | 1.35 | 1.47 | 1.33 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 2.34 | 2.21 | 2.24 | 2.02 | 2.29 | 2.06 | 1.82 | 1.76 | 1.92 | 2.15 | 2.10 | 2.05 | 2.32 | 2.40 | 2.44 | 3.09 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 2.11 | 2.09 | 2.13 | 2.12 | 1.97 | 1.96 | 1.87 | 1.85 | 1.94 | 1.89 | 1.81 | 1.86 | 1.84 | 1.90 | 2.06 | 1.98 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 7.30 | 7.29 | 6.86 | 7.12 | 5.41 | 5.61 | 6.57 | 6.12 | 6.89 | 10.24 | 10.46 | 10.87 | 12.97 | 16.77 | 17.74 | 19.13 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 0.96 | 0.97 | 0.94 | 0.92 | 0.94 | 0.93 | 0.89 | 0.88 | 0.89 | 0.88 | 0.84 | 0.78 | 0.87 | 0.96 | 1.78 | 1.84 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Equity turnover
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ Total Hubbell Incorporated shareholders’ equity
= (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600)
÷ 2,739,100 = 1.92
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Hubbell Inc. equity turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |