Vulcan Steel (ASX:VSL) Asset Turnover: 0.54 (As of Dec. 2025)


ASX:VSL Vulcan Steel Ltd ASX:VSL
60 GF Score
Price A$5.01
GF Value A$6.22
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Vulcan Steel Asset Turnover?

Vulcan Steel ASX:VSL -0.60% 60 Asset Turnover is 0.54 as of Dec. 2025. GuruFocus rates ASX:VSL with a GF Score™ of 60/100 and a GF Value™ of A$6.22 (Modestly Undervalued). The stock has 5 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. Vulcan Steel's Revenue for the six months ended in Dec. 2025 was A$466.3 Mil. Vulcan Steel's Total Assets for the quarter that ended in Dec. 2025 was A$866.9 Mil. Therefore, Vulcan Steel's Asset Turnover for the quarter that ended in Dec. 2025 was 0.54.

Asset Turnover is linked to ROE % through Du Pont Formula. Vulcan Steel's annualized ROE % for the quarter that ended in Dec. 2025 was 7.20%. It is also linked to ROA % through Du Pont Formula. Vulcan Steel's annualized ROA % for the quarter that ended in Dec. 2025 was 1.67%.

Vulcan Steel  (ASX:VSL) Asset Turnover Explanation

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

Vulcan Steel's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=14.442/200.6285
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(14.442 / 932.566)*(932.566 / 866.8535)*(866.8535/ 200.6285)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.55 %*1.0758*4.3207
=ROA %*Equity Multiplier
=1.67 %*4.3207
=7.20 %

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:

Vulcan Steel's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=14.442/866.8535
=(Net Income / Revenue)*(Revenue / Total Assets)
=(14.442 / 932.566)*(932.566 / 866.8535)
=Net Margin %*Asset Turnover
=1.55 %*1.0758
=1.67 %

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.

Vulcan Steel Asset Turnover Related Terms

Vulcan Steel Asset Turnover Historical Data

* Premium members only.

The historical data trend for Vulcan Steel'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.

Vulcan Steel Asset Turnover Chart

Vulcan Steel Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Asset Turnover
1.22 1.39 1.12 1.08

Vulcan Steel Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Asset Turnover Get a 7-Day Free Trial Premium Member Only 0.60 0.55 0.55 0.53 0.54

ASX:VSL vs NUE, STLD, RS: Asset Turnover Comparison

For the Steel subindustry, Vulcan Steel'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.

Vulcan Steel Asset Turnover vs Steel Industry

For the Steel industry and Basic Materials sector, Vulcan Steel's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Vulcan Steel's Asset Turnover falls into.


ASX:VSL
60GF Score
Vulcan Steel Ltd ASX:VSL
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Steel Asset Turnover Calculation

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

Vulcan Steel'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 )
=878.916/( (837.99+795.959)/ 2 )
=878.916/816.9745
=1.08

Vulcan Steel'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 )
=466.283/( (795.959+937.748)/ 2 )
=466.283/866.8535
=0.54

* 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 0.54 mean?
Vulcan Steel (ASX:VSL) has a Asset Turnover of 0.54 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Vulcan Steel and its competitors.
Is Vulcan Steel's Asset Turnover too high?
Vulcan Steel's current Asset Turnover is 0.54. Overall, Vulcan Steel has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Asset Turnover compare to NUE and STLD?
Vulcan Steel's Asset Turnover of 0.54 can be compared against companies in the Steel 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 Steel company?
A good Asset Turnover depends on the Steel 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 Vulcan Steel and its competitors. Vulcan Steel's current Asset Turnover is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.22, compared to a current price of A$5.01 — trading 19.5% below its estimated fair value. The current Asset Turnover is 0.54. Vulcan Steel's overall GF Score™ is 60/100 with 5 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 Vulcan Steel (ASX:VSL), the current Asset Turnover is 0.54 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued. The current stock price of A$5.01 is trading 19.5% below its estimated GF Value™ of A$6.22. GuruFocus considers Vulcan Steel to be Modestly Undervalued.

Key valuation signals for ASX:VSL:

  • Asset Turnover: 0.54
  • GF Value™: A$6.22 vs. price of A$5.01 (19.5% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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

Vulcan Steel Business Description

Other Exchanges VSL:New Zealand
Address 29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
60GF Score

Get the complete analysis for ASX:VSL

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

A$5.01
Price
A$6.22
GF Value