Trane Technologies (FRA:2IS) Asset Turnover: 0.23 (As of Mar. 2026)


FRA:2IS Trane Technologies PLC FRA:2IS
92 GF Score
Price €422.30
GF Value €367.72
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Trane Technologies Asset Turnover?

Trane Technologies FRA:2IS -0.59% 92 Asset Turnover is 0.23 as of Mar. 2026. GuruFocus rates FRA:2IS with a GF Score™ of 92/100 and a GF Value™ of €367.72 (Modestly Overvalued). The stock has 6 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. Trane Technologies's Revenue for the three months ended in Mar. 2026 was €4,299 Mil. Trane Technologies's Total Assets for the quarter that ended in Mar. 2026 was €18,988 Mil. Therefore, Trane Technologies's Asset Turnover for the quarter that ended in Mar. 2026 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Trane Technologies's annualized ROE % for the quarter that ended in Mar. 2026 was 27.40%. It is also linked to ROA % through Du Pont Formula. Trane Technologies's annualized ROA % for the quarter that ended in Mar. 2026 was 10.65%.

Trane Technologies  (FRA:2IS) Asset Turnover Explanation

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

Trane Technologies's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2022.024/7378.8825
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2022.024 / 17194.124)*(17194.124 / 18988.09)*(18988.09/ 7378.8825)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.76 %*0.9055*2.5733
=ROA %*Equity Multiplier
=10.65 %*2.5733
=27.40 %

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:

Trane Technologies's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=2022.024/18988.09
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2022.024 / 17194.124)*(17194.124 / 18988.09)
=Net Margin %*Asset Turnover
=11.76 %*0.9055
=10.65 %

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.

Trane Technologies Asset Turnover Related Terms

Trane Technologies Asset Turnover Historical Data

* Premium members only.

The historical data trend for Trane Technologies'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.

Trane Technologies Asset Turnover Chart

Trane Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.91 0.93 1.02 0.97

Trane Technologies 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 0.27 0.27 0.24 0.23

FRA:2IS vs JCI, CARR, MAIR: Asset Turnover Comparison

For the Building Products & Equipment subindustry, Trane Technologies'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.

Trane Technologies Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, Trane Technologies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Trane Technologies's Asset Turnover falls into.


FRA:2IS
92GF Score
Trane Technologies PLC FRA:2IS
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Trane Technologies Asset Turnover Calculation

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

Trane Technologies'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 )
=18208.903/( (19240.099+18293.278)/ 2 )
=18208.903/18766.6885
=0.97

Trane Technologies'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 )
=4298.531/( (18293.278+19682.902)/ 2 )
=4298.531/18988.09
=0.23

* 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 0.23 mean?
Trane Technologies (FRA:2IS) has a Asset Turnover of 0.23 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Trane Technologies and its competitors.
Is Trane Technologies' Asset Turnover too high?
Trane Technologies' current Asset Turnover is 0.23. Overall, Trane Technologies has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trane Technologies' Asset Turnover compare to JCI and CARR?
Trane Technologies' Asset Turnover of 0.23 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 Trane Technologies and its competitors. Trane Technologies's current Asset Turnover is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trane Technologies stock overvalued right now?
Based on GuruFocus' analysis, Trane Technologies (FRA:2IS) is currently considered Modestly Overvalued. The stock's GF Value™ is €367.72, compared to a current price of €422.30 — trading 14.8% above its estimated fair value. The current Asset Turnover is 0.23. Trane Technologies' overall GF Score™ is 92/100 with 6 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 Trane Technologies (FRA:2IS), the current Asset Turnover is 0.23 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 Trane Technologies (FRA:2IS) Overvalued in 2026?

Based on GuruFocus' analysis, Trane Technologies stock appears to be overvalued. The current stock price of €422.30 is trading 14.8% above its estimated GF Value™ of €367.72. GuruFocus considers Trane Technologies to be Modestly Overvalued.

Key valuation signals for FRA:2IS:

  • Asset Turnover: 0.23
  • GF Value™: €367.72 vs. price of €422.30 (14.8% above fair value)
  • GF Score™: 92/100 with 6 warning signs

No single metric tells the full story. See the FRA:2IS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Trane Technologies Business Description

Address 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for approximately 80% of its revenue, with 13% from EMEA and 7% Asia-Pacific. The company was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.
92GF Score

Get the complete analysis for FRA:2IS

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

€422.30
Price
€367.72
GF Value