Hughes has seen his side collect just two points so far this campaign and will be hoping to add to that total when QPR travel to West Brom on Saturday.
Hughes maintains his players have performed well in the majority of the six Barclays Premier League matches they have competed in so far, even if the results have not reflected that.
"The one emotion that we are all displaying is a little bit of frustration to be perfectly honest," he said.
"We know that in the building we have got quality and we have displayed that in a number of games, most noticeably against Man City, Chelsea and Tottenham where we played exceptionally well but only got one point for our efforts.
"So we know we can compete in this league, at the moment we are finding it difficult to get performances in line with results and as a consequence we haven't picked up as many points as we would have liked."
There have already been suggestions that Rangers chairman Tony Fe rnandes may be looking to replace Hughes but the former Manchester City boss remains positive on his relationship with the Malaysian businessman.
He said: "We are six games into a very long season, we understand what was the requirement at the end of the season and that hasn't changed.
"We are working to the right level - I've got great support here, a great relationship with Tony and Amit (Bhatia, vice-chairman) and everyone at the club and that will continue.
"They understand how I work, they know that I have experience in these situations and in this league and long term we will take this club forward."
Fernandes has bankrolled a number of big-name signings since taking charge at Loftus Road and Hughes reckons once he can get the new-look squad on the same wavelength, better results will follow.
He said: "There is real belief in what we are doing, we understand what is required, it was always going to take a little bit of time because we have got a lot of players that are new in terms of the group - we are still getting to know strengths and weaknesses and once we get more games under our belts we will be fine.
"But at the moment we are just frustrated because we haven't got as many points as we thought we would have done at this point."
Hughes has backed his players to start picking up league wins sooner rather than later as he looks to avoid a repeat of last season, which saw QPR survive on the final day of the season despite a 3-2 defeat at Manchester City.
The 48-year-old also believes key injuries have hampered his team selection in the opening weeks of the season, a trend that looks set to continue at the Hawthorns with Andrew Johnson, Anton Ferdinand, Armand Traore, Fabio and Jose Bosingwa all likely to be missing.
"It has been difficult really because we have injuries as well which has stopped me picking the side I want," he said.
"Obviously we had players coming i n late in the window as well, some were at a decent level of fitness and some weren't so we are trying to cope with getting players and the group up to a level that is consistent.
"But that will come...we have been encouraged by what we have produced in a number of games and we have been disappointed in a couple of games but we know we have the capability to win games in the Premier League and it is just a matter of time."
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