Hub Group's Total Assets for the quarter that ended in Dec. 2023 was $2,936 Mil.
Warning Sign:
If a company builds assets at 9.1% a year, faster than its revenue growth rate of 6.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Hub Group's average Total Assets Growth Rate was 8.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.30% per year.
During the past 13 years, Hub Group's highest 3-Year average Total Assets Growth Rate was 32.90%. The lowest was -6.10%. And the median was 8.80%.
Total Assets is connected with ROA %. Hub Group's annualizedROA % for the quarter that ended in Dec. 2023 was 3.93%. Total Assets is also linked to Revenue through Asset Turnover. Hub Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.34.
Hub Group Total Assets Historical Data
The historical data trend for Hub Group's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Hub Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Hub Group's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Hub Group Total Assets Related Terms
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Hub Group ranks among the largest providers of rail intermodal service. Roughly 60% of revenue comes from Hub's intermodal and transportation solutions division. ITS includes its flagship intermodal operations, which use the Class I rail carriers for the underlying line-haul movement of containers, as well as its dedicated truckload shipping unit. Asset light truckload and LTL brokerage makes up around 20%. The remaining 20% reflects Hub's logistics division, which provides outsourced transportation management, warehousing and fulfillment, and heavy-goods final mile delivery. Hub is somewhat acquisitive in that it often makes tuck-in acquisitions which expand its brokerage, logistics, and dedicated truckload offerings.
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