Netwealth Group (ASX:NWL) Asset Turnover: 0.65 (As of Dec. 2025)


ASX:NWL Netwealth Group Ltd ASX:NWL
83 GF Score
Price A$19.89
GF Value A$35.14
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Netwealth Group Asset Turnover?

Netwealth Group ASX:NWL -2.79% 83 Asset Turnover is 0.65 as of Dec. 2025. GuruFocus rates ASX:NWL with a GF Score™ of 83/100 and a GF Value™ of A$35.14 (Significantly Undervalued). 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. Netwealth Group's Revenue for the six months ended in Dec. 2025 was A$184.4 Mil. Netwealth Group's Total Assets for the quarter that ended in Dec. 2025 was A$281.9 Mil. Therefore, Netwealth Group's Asset Turnover for the quarter that ended in Dec. 2025 was 0.65.

Asset Turnover is linked to ROE % through Du Pont Formula. Netwealth Group's annualized ROE % for the quarter that ended in Dec. 2025 was -2.49%. It is also linked to ROA % through Du Pont Formula. Netwealth Group's annualized ROA % for the quarter that ended in Dec. 2025 was -1.54%.

Netwealth Group  (ASX:NWL) Asset Turnover Explanation

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

Netwealth Group's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-4.346/174.347
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4.346 / 368.788)*(368.788 / 281.885)*(281.885/ 174.347)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.18 %*1.3083*1.6168
=ROA %*Equity Multiplier
=-1.54 %*1.6168
=-2.49 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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:

Netwealth Group's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-4.346/281.885
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4.346 / 368.788)*(368.788 / 281.885)
=Net Margin %*Asset Turnover
=-1.18 %*1.3083
=-1.54 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.

Netwealth Group Asset Turnover Related Terms

Netwealth Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for Netwealth Group'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.

Netwealth Group Asset Turnover Chart

Netwealth Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Asset Turnover
Get a 7-Day Free Trial 1.17 1.25 1.39 1.40 1.40

Netwealth Group Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.69 0.70 0.71 0.67 0.65

ASX:NWL vs CRM, SHOP, UBER: Asset Turnover Comparison

For the Software - Application subindustry, Netwealth Group'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.

Netwealth Group Asset Turnover vs Software Industry

For the Software industry and Technology sector, Netwealth Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Netwealth Group's Asset Turnover falls into.


ASX:NWL
83GF Score
Netwealth Group Ltd ASX:NWL
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Netwealth Group Asset Turnover Calculation

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

Netwealth Group's Asset Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2025 )/( (Total Assets (A: Jun. 2024 )+Total Assets (A: Jun. 2025 ))/ count )
=312.296/( (189.486+257.318)/ 2 )
=312.296/223.402
=1.40

Netwealth Group's Asset Turnover for the quarter that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=184.394/( (257.318+306.452)/ 2 )
=184.394/281.885
=0.65

* 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 0.65 mean?
Netwealth Group (ASX:NWL) has a Asset Turnover of 0.65 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Netwealth Group and its competitors.
Is Netwealth Group's Asset Turnover too high?
Netwealth Group's current Asset Turnover is 0.65. Overall, Netwealth Group has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netwealth Group's Asset Turnover compare to CRM and SHOP?
Netwealth Group's Asset Turnover of 0.65 can be compared against companies in the Software 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 Software company?
A good Asset Turnover depends on the Software 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 Netwealth Group and its competitors. Netwealth Group's current Asset Turnover is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netwealth Group stock overvalued right now?
Based on GuruFocus' analysis, Netwealth Group (ASX:NWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$35.14, compared to a current price of A$19.89 — trading 43.4% below its estimated fair value. The current Asset Turnover is 0.65. Netwealth Group's overall GF Score™ is 83/100 with 2 warning signs to review. 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 Netwealth Group (ASX:NWL), the current Asset Turnover is 0.65 as of Dec. 2025. 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.

Is Netwealth Group (ASX:NWL) Overvalued in 2026?

Based on GuruFocus' analysis, Netwealth Group stock appears to be undervalued. The current stock price of A$19.89 is trading 43.4% below its estimated GF Value™ of A$35.14. GuruFocus considers Netwealth Group to be Significantly Undervalued.

Key valuation signals for ASX:NWL:

  • Asset Turnover: 0.65
  • GF Value™: A$35.14 vs. price of A$19.89 (43.4% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the ASX:NWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Netwealth Group Business Description

Address 180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
83GF Score

Get the complete analysis for ASX:NWL

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$19.89
Price
A$35.14
GF Value