Index International Group PCL (BKK:IND) Asset Turnover: 0.21 (As of Mar. 2026)


BKK:IND Index International Group PCL BKK:IND
87 GF Score
Price ฿0.89
GF Value ฿1.37
Valuation Possible Value Trap
! 4 Warning Signs
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What is Index International Group PCL Asset Turnover?

Index International Group PCL BKK:IND +1.14% 87 Asset Turnover is 0.21 as of Mar. 2026. GuruFocus rates BKK:IND with a GF Score™ of 87/100 and a GF Value™ of ฿1.37 (Possible Value Trap). The stock has 4 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. Index International Group PCL's Revenue for the three months ended in Mar. 2026 was ฿228 Mil. Index International Group PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿1,066 Mil. Therefore, Index International Group PCL's Asset Turnover for the quarter that ended in Mar. 2026 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. Index International Group PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 4.77%. It is also linked to ROA % through Du Pont Formula. Index International Group PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 2.37%.


Index International Group PCL  (BKK:IND) Asset Turnover Explanation

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

Index International Group PCL's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=25.252/529.0035
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(25.252 / 913.208)*(913.208 / 1066.232)*(1066.232/ 529.0035)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.77 %*0.8565*2.0155
=ROA %*Equity Multiplier
=2.37 %*2.0155
=4.77 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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:

Index International Group PCL's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=25.252/1066.232
=(Net Income / Revenue)*(Revenue / Total Assets)
=(25.252 / 913.208)*(913.208 / 1066.232)
=Net Margin %*Asset Turnover
=2.77 %*0.8565
=2.37 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.


Index International Group PCL Asset Turnover Related Terms


Index International Group PCL Asset Turnover Historical Data

* Premium members only.

The historical data trend for Index International Group PCL'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.

Index International Group PCL Asset Turnover Chart

Index International Group PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial 0.67 0.84 1.01 0.91 1.04

Index International Group PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.23 0.32 0.25 0.23 0.21

BKK:IND vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, Index International Group PCL'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.


Index International Group PCL Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, Index International Group PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Index International Group PCL's Asset Turnover falls into.


BKK:IND
87GF Score
Index International Group PCL BKK:IND
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Index International Group PCL Asset Turnover Calculation

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

Index International Group PCL's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=1099.665/( (1016.35+1090.367)/ 2 )
=1099.665/1053.3585
=1.04

Index International Group PCL'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: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=228.302/( (1090.367+1042.097)/ 2 )
=228.302/1066.232
=0.21

* 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 0.21 mean?
Index International Group PCL (BKK:IND) has a Asset Turnover of 0.21 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Index International Group PCL and its competitors.
Is Index International Group PCL's Asset Turnover too high?
Index International Group PCL's current Asset Turnover is 0.21. Overall, Index International Group PCL has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Index International Group PCL's Asset Turnover compare to PWR and FIX?
Index International Group PCL's Asset Turnover of 0.21 can be compared against companies in the Construction 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 Construction company?
A good Asset Turnover depends on the Construction 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 Index International Group PCL and its competitors. Index International Group PCL's current Asset Turnover is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index International Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Index International Group PCL (BKK:IND) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.37, compared to a current price of ฿0.89 — trading 35% below its estimated fair value. The current Asset Turnover is 0.21. Index International Group PCL's overall GF Score™ is 87/100 with 4 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 Index International Group PCL (BKK:IND), the current Asset Turnover is 0.21 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.

Is Index International Group PCL (BKK:IND) Overvalued in 2026?

Based on GuruFocus' analysis, Index International Group PCL stock appears to be undervalued. The current stock price of ฿0.89 is trading 35% below its estimated GF Value™ of ฿1.37. GuruFocus considers Index International Group PCL to be Possible Value Trap.

Key valuation signals for BKK:IND:

  • Asset Turnover: 0.21
  • GF Value™: ฿1.37 vs. price of ฿0.89 (35% below fair value)
  • GF Score™: 87/100 with 4 warning signs

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


Index International Group PCL Business Description

Address 1/814 Moo 17, Soi Amphon, Phaholyothin Road, Kukot, Lumlukka, Pathumthani, THA, 12130
Index International Group PCL is an engineering consultancy firm offering detailed design services, project management services, and detailed design construction. Its services include a wide range of services in specialized fields such as project planning, city, and district planning, architectural design involving landscaping and architecture, and engineering design involving structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering. The group operates in Thailand.
87GF Score

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

฿0.89
Price
฿1.37
GF Value