Stock Analysis on Net

Hubbell Inc. (NYSE:HUBB)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Hubbell Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
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
Turnover Ratios
Inventory turnover 4.37 4.38 4.46 4.69 4.65 4.58 4.49 4.60 4.26 4.67 4.70 4.90 5.13 5.07 5.43 5.12 4.96 4.95 4.91 4.89
Receivables turnover 6.15 6.39 6.52 6.67 6.03 5.89 5.65 6.21 5.18 5.45 5.76 6.60 5.98 6.75 6.49 6.72 5.88 5.87 6.39 6.18
Payables turnover 6.22 6.27 6.38 6.56 6.03 5.99 5.80 5.71 6.07 6.40 6.87 7.87 7.74 8.65 9.03 9.31 7.92 7.64 8.06 8.08
Working capital turnover 4.21 4.57 4.85 5.30 5.18 4.46 4.55 5.15 5.18 5.57 5.97 6.55 5.02 4.76 5.51 6.30 4.91 5.39 5.70 5.57
Average No. Days
Average inventory processing period 83 83 82 78 79 80 81 79 86 78 78 74 71 72 67 71 74 74 74 75
Add: Average receivable collection period 59 57 56 55 61 62 65 59 71 67 63 55 61 54 56 54 62 62 57 59
Operating cycle 142 140 138 133 140 142 146 138 157 145 141 129 132 126 123 125 136 136 131 134
Less: Average payables payment period 59 58 57 56 61 61 63 64 60 57 53 46 47 42 40 39 46 48 45 45
Cash conversion cycle 83 82 81 77 79 81 83 74 97 88 88 83 85 84 83 86 90 88 86 89

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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Hubbell Inc. inventory turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Receivables turnover An activity ratio equal to revenue divided by receivables. Hubbell Inc. receivables turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Hubbell Inc. payables turnover ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Hubbell Inc. working capital turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Hubbell Inc. number of days of receivables outstanding deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Hubbell Inc. operating cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Hubbell Inc. number of days of payables outstanding increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Hubbell Inc. cash conversion cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Inventory Turnover

Hubbell Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
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)
Cost of goods sold 888,400 869,700 837,100 852,800 917,700 872,800 833,000 810,200 782,300 756,000 694,100 752,200 779,000 668,700 776,800 777,300 842,000 839,000 780,000 823,500 830,700 818,800 708,300
Inventories, net 788,400 794,100 779,600 740,700 739,000 719,500 708,800 662,100 700,700 638,300 616,400 607,300 584,900 604,200 595,700 633,000 662,000 661,900 663,000 651,000 672,500 686,700 714,300
Short-term Activity Ratio
Inventory turnover1 4.37 4.38 4.46 4.69 4.65 4.58 4.49 4.60 4.26 4.67 4.70 4.90 5.13 5.07 5.43 5.12 4.96 4.95 4.91 4.89
Benchmarks
Inventory Turnover, Competitors2
Boeing Co. 0.87 0.88 0.83 0.81 0.78 0.74 0.74 0.75 0.77 0.76 0.74 0.78 0.71 0.78 0.88 0.94
Caterpillar Inc. 2.47 2.42 2.38 2.54 2.36 2.40 2.46 2.53 2.44 2.49 2.46 2.55 2.66 2.82 2.97 3.25
Eaton Corp. plc 3.93 3.93 3.94 4.04 3.95 3.87 4.03 4.48 4.73 4.86 5.12 5.88 6.10 6.20 6.00 5.11
GE Aerospace 3.02 3.15 3.32 3.19 3.10 3.04 3.25 3.40 3.21 3.28 3.46 3.80 4.36 4.41 4.50 4.97
Honeywell International Inc. 3.76 3.82 3.90 4.04 4.09 4.06 4.20 4.55 4.72 4.88 4.85 4.94 4.79 4.88 5.23 5.51
Lockheed Martin Corp. 17.88 16.82 16.63 18.68 18.09 16.20 18.12 19.45 19.81 18.64 17.58 16.01 16.91 15.46 14.94 14.22
RTX Corp. 4.60 4.68 4.81 5.03 5.03 5.14 5.33 5.65 5.57 5.49 5.48 5.11 4.93 4.85 4.51 5.21

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
Inventory turnover = (Cost of goods soldQ3 2023 + Cost of goods soldQ2 2023 + Cost of goods soldQ1 2023 + Cost of goods soldQ4 2022) ÷ Inventories, net
= (888,400 + 869,700 + 837,100 + 852,800) ÷ 788,400 = 4.37

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Hubbell Inc. inventory turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Receivables Turnover

Hubbell Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
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
Accounts receivable, net of allowances 852,900 811,200 778,300 741,600 800,500 780,500 777,900 675,300 798,300 762,300 703,100 634,700 711,400 644,100 707,700 683,000 787,100 785,500 716,200 725,400 788,200 779,700 704,000
Short-term Activity Ratio
Receivables turnover1 6.15 6.39 6.52 6.67 6.03 5.89 5.65 6.21 5.18 5.45 5.76 6.60 5.98 6.75 6.49 6.72 5.88 5.87 6.39 6.18
Benchmarks
Receivables Turnover, Competitors2
Boeing Co. 24.99 24.99 24.65 26.46 22.98 20.27 25.37 23.58 27.95 24.76 23.97 29.75 22.00 23.85 21.97 23.44
Caterpillar Inc. 6.95 6.56 6.37 6.39 6.59 6.10 5.46 5.68 5.97 5.51 5.07 5.33 5.86 6.11 6.12 5.92
Eaton Corp. plc 5.07 5.01 5.05 5.09 5.28 5.15 5.39 5.95 5.75 5.72 5.79 6.15 6.40 7.25 7.07 6.22
GE Aerospace 4.61 4.67 5.00 4.09 4.19 4.39 4.43 4.55 4.83 4.74 4.59 4.37 4.46 5.03 5.08 5.22
Honeywell International Inc. 4.65 4.52 4.57 4.77 4.74 4.45 4.82 5.04 4.78 4.89 4.89 4.78 4.83 5.14 4.87 4.90
Lockheed Martin Corp. 28.14 19.67 25.61 26.34 26.06 18.87 26.02 34.15 29.27 25.59 29.81 33.06 25.90 22.19 21.14 25.59
RTX Corp. 6.67 7.13 6.81 7.36 7.15 6.28 7.15 6.66 6.69 6.99 6.03 6.11 5.90 6.79 5.35 5.70

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
Receivables turnover = (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022) ÷ Accounts receivable, net of allowances
= (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600) ÷ 852,900 = 6.15

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Hubbell Inc. receivables turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Payables Turnover

Hubbell Inc., payables turnover calculation (quarterly data)

Microsoft Excel
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)
Cost of goods sold 888,400 869,700 837,100 852,800 917,700 872,800 833,000 810,200 782,300 756,000 694,100 752,200 779,000 668,700 776,800 777,300 842,000 839,000 780,000 823,500 830,700 818,800 708,300
Accounts payable 554,700 554,800 545,300 529,900 569,900 550,700 548,500 532,800 491,900 465,700 421,300 378,000 387,600 354,400 358,400 347,700 414,700 428,700 403,700 393,700 420,700 420,800 374,500
Short-term Activity Ratio
Payables turnover1 6.22 6.27 6.38 6.56 6.03 5.99 5.80 5.71 6.07 6.40 6.87 7.87 7.74 8.65 9.03 9.31 7.92 7.64 8.06 8.08
Benchmarks
Payables Turnover, Competitors2
Boeing Co. 6.18 6.28 6.37 6.18 6.36 6.17 6.73 6.40 6.20 5.45 4.90 4.94 4.25 4.77 4.69 4.63
Caterpillar Inc. 5.54 5.09 4.68 4.76 4.81 4.72 4.43 4.36 4.61 4.57 4.46 4.75 5.86 6.31 6.05 6.15
Eaton Corp. plc 4.48 4.52 4.55 4.51 4.61 4.43 4.67 4.75 5.11 5.22 5.66 6.24 7.15 8.18 7.88 6.78
GE Aerospace 3.26 3.41 3.57 2.98 3.14 3.14 3.32 3.32 3.33 3.35 3.56 3.67 4.67 4.99 4.57 4.40
Honeywell International Inc. 3.51 3.49 3.50 3.53 3.68 3.63 3.66 3.61 3.83 3.76 3.86 3.86 4.27 4.32 4.23 4.25
Lockheed Martin Corp. 15.51 16.97 17.65 27.25 21.48 24.07 21.92 74.34 37.83 36.15 30.31 64.48 37.34 37.46 16.70 40.16
RTX Corp. 5.37 5.54 5.42 5.40 5.82 5.36 6.28 5.93 6.06 6.52 5.67 5.56 5.96 6.92 4.73 5.28

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
Payables turnover = (Cost of goods soldQ3 2023 + Cost of goods soldQ2 2023 + Cost of goods soldQ1 2023 + Cost of goods soldQ4 2022) ÷ Accounts payable
= (888,400 + 869,700 + 837,100 + 852,800) ÷ 554,700 = 6.22

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Hubbell Inc. payables turnover ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Working Capital Turnover

Hubbell Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
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)
Current assets 2,318,400 2,205,800 2,098,700 2,021,400 1,994,500 2,034,200 1,927,100 1,879,300 1,833,200 1,745,100 1,827,500 1,587,600 1,640,400 1,793,600 1,675,000 1,574,200 1,809,900 1,729,000 1,650,600 1,643,700 1,760,100 1,735,900 1,720,800
Less: Current liabilities 1,071,400 1,069,800 1,052,100 1,088,500 1,062,500 1,002,900 962,100 1,065,200 1,035,400 999,400 1,148,700 948,200 792,700 880,700 841,300 844,900 866,200 874,100 847,900 839,300 938,000 871,400 898,500
Working capital 1,247,000 1,136,000 1,046,600 932,900 932,000 1,031,300 965,000 814,100 797,800 745,700 678,800 639,400 847,700 912,900 833,700 729,300 943,700 854,900 802,700 804,400 822,100 864,500 822,300
 
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
Short-term Activity Ratio
Working capital turnover1 4.21 4.57 4.85 5.30 5.18 4.46 4.55 5.15 5.18 5.57 5.97 6.55 5.02 4.76 5.51 6.30 4.91 5.39 5.70 5.57
Benchmarks
Working Capital Turnover, Competitors2
Boeing Co. 5.46 4.80 4.61 3.42 3.13 2.87 2.51 2.34 2.02 2.00 1.88 1.69 1.57 1.76 4.27 15.57
Caterpillar Inc. 4.27 5.29 4.25 4.62 4.35 3.93 3.83 3.54 2.87 2.80 2.52 2.84 3.01 3.45 4.33 4.04
Eaton Corp. plc 6.61 6.16 7.01 8.70 10.69 65.65 12.41 21.65 5.34 5.42 6.42 7.05 5.60 5.95
GE Aerospace 8.11 5.70 5.87 7.93 13.29 10.55 7.14 4.94 1.57 1.57 1.27 2.26 5.06 6.05 8.72
Honeywell International Inc. 5.98 5.16 7.79 7.03 7.91 8.84 8.07 5.86 5.94 4.52 4.27 3.64 3.02 3.14 6.93 5.92
Lockheed Martin Corp. 11.04 10.56 12.81 12.93 14.03 14.28 15.14 11.52 10.48 12.30 11.93 12.01 12.62 13.44 17.12 19.15
RTX Corp. 44.25 16.99 12.76 20.15 19.15 17.77 11.41 9.75 8.11 10.24 9.77 7.52 7.51 9.23 9.50 26.47

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
Working capital turnover = (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022) ÷ Working capital
= (1,375,800 + 1,365,900 + 1,285,400 + 1,219,600) ÷ 1,247,000 = 4.21

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Hubbell Inc. working capital turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Average Inventory Processing Period

Hubbell Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
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
Inventory turnover 4.37 4.38 4.46 4.69 4.65 4.58 4.49 4.60 4.26 4.67 4.70 4.90 5.13 5.07 5.43 5.12 4.96 4.95 4.91 4.89
Short-term Activity Ratio (no. days)
Average inventory processing period1 83 83 82 78 79 80 81 79 86 78 78 74 71 72 67 71 74 74 74 75
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Boeing Co. 419 416 438 452 468 494 493 486 475 478 496 467 516 468 416 388
Caterpillar Inc. 148 151 154 144 155 152 148 144 150 146 149 143 137 129 123 112
Eaton Corp. plc 93 93 93 90 92 94 90 82 77 75 71 62 60 59 61 71
GE Aerospace 121 116 110 114 118 120 112 107 114 111 105 96 84 83 81 74
Honeywell International Inc. 97 96 94 90 89 90 87 80 77 75 75 74 76 75 70 66
Lockheed Martin Corp. 20 22 22 20 20 23 20 19 18 20 21 23 22 24 24 26
RTX Corp. 79 78 76 73 73 71 69 65 65 66 67 71 74 75 81 70

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
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.37 = 83

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

Hubbell Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
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
Receivables turnover 6.15 6.39 6.52 6.67 6.03 5.89 5.65 6.21 5.18 5.45 5.76 6.60 5.98 6.75 6.49 6.72 5.88 5.87 6.39 6.18
Short-term Activity Ratio (no. days)
Average receivable collection period1 59 57 56 55 61 62 65 59 71 67 63 55 61 54 56 54 62 62 57 59
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Boeing Co. 15 15 15 14 16 18 14 15 13 15 15 12 17 15 17 16
Caterpillar Inc. 53 56 57 57 55 60 67 64 61 66 72 68 62 60 60 62
Eaton Corp. plc 72 73 72 72 69 71 68 61 63 64 63 59 57 50 52 59
GE Aerospace 79 78 73 89 87 83 82 80 76 77 80 83 82 73 72 70
Honeywell International Inc. 79 81 80 77 77 82 76 72 76 75 75 76 76 71 75 75
Lockheed Martin Corp. 13 19 14 14 14 19 14 11 12 14 12 11 14 16 17 14
RTX Corp. 55 51 54 50 51 58 51 55 55 52 61 60 62 54 68 64

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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.15 = 59

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Hubbell Inc. number of days of receivables outstanding deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Operating Cycle

Hubbell Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
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
Average inventory processing period 83 83 82 78 79 80 81 79 86 78 78 74 71 72 67 71 74 74 74 75
Average receivable collection period 59 57 56 55 61 62 65 59 71 67 63 55 61 54 56 54 62 62 57 59
Short-term Activity Ratio
Operating cycle1 142 140 138 133 140 142 146 138 157 145 141 129 132 126 123 125 136 136 131 134
Benchmarks
Operating Cycle, Competitors2
Boeing Co. 434 431 453 466 484 512 507 501 488 493 511 479 533 483 433 404
Caterpillar Inc. 201 207 211 201 210 212 215 208 211 212 221 211 199 189 183 174
Eaton Corp. plc 165 166 165 162 161 165 158 143 140 139 134 121 117 109 113 130
GE Aerospace 200 194 183 203 205 203 194 187 190 188 185 179 166 156 153 144
Honeywell International Inc. 176 177 174 167 166 172 163 152 153 150 150 150 152 146 145 141
Lockheed Martin Corp. 33 41 36 34 34 42 34 30 30 34 33 34 36 40 41 40
RTX Corp. 134 129 130 123 124 129 120 120 120 118 128 131 136 129 149 134

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
Operating cycle = Average inventory processing period + Average receivable collection period
= 83 + 59 = 142

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Hubbell Inc. operating cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Average Payables Payment Period

Hubbell Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
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
Payables turnover 6.22 6.27 6.38 6.56 6.03 5.99 5.80 5.71 6.07 6.40 6.87 7.87 7.74 8.65 9.03 9.31 7.92 7.64 8.06 8.08
Short-term Activity Ratio (no. days)
Average payables payment period1 59 58 57 56 61 61 63 64 60 57 53 46 47 42 40 39 46 48 45 45
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Boeing Co. 59 58 57 59 57 59 54 57 59 67 74 74 86 77 78 79
Caterpillar Inc. 66 72 78 77 76 77 82 84 79 80 82 77 62 58 60 59
Eaton Corp. plc 82 81 80 81 79 82 78 77 71 70 65 58 51 45 46 54
GE Aerospace 112 107 102 123 116 116 110 110 109 109 103 100 78 73 80 83
Honeywell International Inc. 104 105 104 103 99 101 100 101 95 97 95 95 85 85 86 86
Lockheed Martin Corp. 24 22 21 13 17 15 17 5 10 10 12 6 10 10 22 9
RTX Corp. 68 66 67 68 63 68 58 62 60 56 64 66 61 53 77 69

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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.22 = 59

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Hubbell Inc. number of days of payables outstanding increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Cash Conversion Cycle

Hubbell Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
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
Average inventory processing period 83 83 82 78 79 80 81 79 86 78 78 74 71 72 67 71 74 74 74 75
Average receivable collection period 59 57 56 55 61 62 65 59 71 67 63 55 61 54 56 54 62 62 57 59
Average payables payment period 59 58 57 56 61 61 63 64 60 57 53 46 47 42 40 39 46 48 45 45
Short-term Activity Ratio
Cash conversion cycle1 83 82 81 77 79 81 83 74 97 88 88 83 85 84 83 86 90 88 86 89
Benchmarks
Cash Conversion Cycle, Competitors2
Boeing Co. 375 373 396 407 427 453 453 444 429 426 437 405 447 406 355 325
Caterpillar Inc. 135 135 133 124 134 135 133 124 132 132 139 134 137 131 123 115
Eaton Corp. plc 83 85 85 81 82 83 80 66 69 69 69 63 66 64 67 76
GE Aerospace 88 87 81 80 89 87 84 77 81 79 82 79 88 83 73 61
Honeywell International Inc. 72 72 70 64 67 71 63 51 58 53 55 55 67 61 59 55
Lockheed Martin Corp. 9 19 15 21 17 27 17 25 20 24 21 28 26 30 19 31
RTX Corp. 66 63 63 55 61 61 62 58 60 62 64 65 75 76 72 65

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
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 83 + 5959 = 83

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Hubbell Inc. cash conversion cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.