Legacy Iron Ore (ASX:LCY) Asset Turnover: 1.30 (As of Mar. 2026)


What is Legacy Iron Ore Asset Turnover?

Legacy Iron Ore ASX:LCY Asset Turnover is 1.30 as of Mar. 2026. The stock has 2 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Legacy Iron Ore's Revenue for the six months ended in Mar. 2026 was A$49.00 Mil. Legacy Iron Ore's Total Assets for the quarter that ended in Mar. 2026 was A$37.59 Mil. Therefore, Legacy Iron Ore's Asset Turnover for the quarter that ended in Mar. 2026 was 1.30.

Asset Turnover is linked to ROE % through Du Pont Formula. Legacy Iron Ore's annualized ROE % for the quarter that ended in Mar. 2026 was 11.63%. It is also linked to ROA % through Du Pont Formula. Legacy Iron Ore's annualized ROA % for the quarter that ended in Mar. 2026 was 8.63%.

Legacy Iron Ore  (ASX:LCY) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Legacy Iron Ore's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=3.244/27.8845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.244 / 98.006)*(98.006 / 37.594)*(37.594/ 27.8845)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.31 %*2.607*1.3482
=ROA %*Equity Multiplier
=8.63 %*1.3482
=11.63 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Legacy Iron Ore's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=3.244/37.594
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.244 / 98.006)*(98.006 / 37.594)
=Net Margin %*Asset Turnover
=3.31 %*2.607
=8.63 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.

* 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.

Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Legacy Iron Ore Asset Turnover Related Terms

Legacy Iron Ore Asset Turnover Historical Data

* Premium members only.

The historical data trend for Legacy Iron Ore's Asset Turnover 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.

Legacy Iron Ore Asset Turnover Chart

Legacy Iron Ore Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.06 1.02 2.34

Legacy Iron Ore Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.65 0.45 1.05 1.30

Legacy Iron Ore Asset Turnover Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legacy Iron Ore Asset Turnover vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Legacy Iron Ore's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Legacy Iron Ore's Asset Turnover falls into.


Legacy Iron Ore Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Legacy Iron Ore's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=88.606/( (37.958+37.894)/ 2 )
=88.606/37.926
=2.34

Legacy Iron Ore's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=49.003/( (37.294+37.894)/ 2 )
=49.003/37.594
=1.30

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 1.30 mean?
Legacy Iron Ore (ASX:LCY) has a Asset Turnover of 1.30 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Legacy Iron Ore and its competitors.
Is Legacy Iron Ore's Asset Turnover too high?
Legacy Iron Ore's current Asset Turnover is 1.30.
How does Legacy Iron Ore's Asset Turnover compare to competitors?
Legacy Iron Ore's Asset Turnover of 1.30 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Metals & Mining company?
A good Asset Turnover depends on the Metals & Mining industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Legacy Iron Ore and its competitors. Legacy Iron Ore's current Asset Turnover is 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Iron Ore stock overvalued right now?
Legacy Iron Ore (ASX:LCY) has a current Asset Turnover of 1.30. The current Asset Turnover is 1.30. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Legacy Iron Ore (ASX:LCY), the current Asset Turnover is 1.30 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legacy Iron Ore Business Description

Address 200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004
Legacy Iron Ore Ltd is an active exploration and gold mining company with a diverse portfolio of prospective assets. The company owns a gold mine at Mount Celia and is advancing the development of additional gold, iron, and base metal assets in Western Australia through systematic exploration and mine development programs. Its portfolio comprises three key projects, namely Mt Bevan, South Laverton, and East Kimberley. The company has three reportable segments: Iron ore exploration and development in Australia; (ii) Gold exploration and development in Australia, and (iii) Base metals and other critical minerals (OCM) exploration and development in Australia. The majority of revenue is derived from the Gold segment.