BRLS (Borealis Foods) Asset Turnover: 0.16 (As of Dec. 2025)


BRLS Borealis Foods Inc BRLS
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What is Borealis Foods Asset Turnover?

Borealis Foods BRLS +5.88% 2 Asset Turnover is 0.16 as of Dec. 2025. GuruFocus rates BRLS with a GF Score™ of 2/100. 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. Borealis Foods's Revenue for the three months ended in Dec. 2025 was $8.94 Mil. Borealis Foods's Total Assets for the quarter that ended in Dec. 2025 was $54.44 Mil. Therefore, Borealis Foods's Asset Turnover for the quarter that ended in Dec. 2025 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Borealis Foods's annualized ROE % for the quarter that ended in Dec. 2025 was 159.35%. It is also linked to ROA % through Du Pont Formula. Borealis Foods's annualized ROA % for the quarter that ended in Dec. 2025 was -47.10%.


Borealis Foods  (NAS:BRLS) Asset Turnover Explanation

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

Borealis Foods's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-25.64/-16.09
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-25.64 / 35.768)*(35.768 / 54.4355)*(54.4355/ -16.09)
=Net Margin %*Asset Turnover*Equity Multiplier
=-71.68 %*0.6571*-3.3832
=ROA %*Equity Multiplier
=-47.10 %*-3.3832
=159.35 %

Note: The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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:

Borealis Foods's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-25.64/54.4355
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-25.64 / 35.768)*(35.768 / 54.4355)
=Net Margin %*Asset Turnover
=-71.68 %*0.6571
=-47.10 %

Note: The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.


Borealis Foods Asset Turnover Related Terms


Borealis Foods Asset Turnover Historical Data

* Premium members only.

The historical data trend for Borealis Foods'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.

Borealis Foods Asset Turnover Chart

Borealis Foods Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
0.24 0.00 0.25 0.44 0.53

Borealis Foods Quarterly Data
Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.11 0.12 0.12 0.13 0.16

BRLS vs LSF, JVA, STCB: Asset Turnover Comparison

For the Packaged Foods subindustry, Borealis Foods'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.


Borealis Foods Asset Turnover vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Borealis Foods's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Borealis Foods's Asset Turnover falls into.


BRLS
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Borealis Foods Inc BRLS
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Borealis Foods Asset Turnover Calculation

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

Borealis Foods'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 )
=30.08/( (60.006+52.573)/ 2 )
=30.08/56.2895
=0.53

Borealis Foods'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: Sep. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=8.942/( (56.298+52.573)/ 2 )
=8.942/54.4355
=0.16

* 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 0.16 mean?
Borealis Foods (BRLS) has a Asset Turnover of 0.16 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Borealis Foods and its competitors.
Is Borealis Foods' Asset Turnover too high?
Borealis Foods' current Asset Turnover is 0.16. Overall, Borealis Foods has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does Borealis Foods' Asset Turnover compare to LSF and JVA?
Borealis Foods' Asset Turnover of 0.16 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods 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 Borealis Foods and its competitors. Borealis Foods's current Asset Turnover is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borealis Foods stock overvalued right now?
Borealis Foods (BRLS) has a current Asset Turnover of 0.16. The current Asset Turnover is 0.16. Borealis Foods' overall GF Score™ is 2/100 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 Borealis Foods (BRLS), the current Asset Turnover is 0.16 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.

Borealis Foods Business Description

Address 1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5
Borealis Foods Inc is a food technology integrator with a mission to address food security challenges through the development and commercialization of tasty, affordable, and sustainable functional foods. Borealis has developed a range of high-quality, affordable, sustainable, and nutritious premium, ready-to-eat meals sold in the United States, Canada, Central America, South America, and Europe. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing solutions to address food challenges.
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