Coles Group (FRA:2OF) Asset Turnover: 1.17 (As of Dec. 2025)


FRA:2OF Coles Group Ltd FRA:2OF
72 GF Score
Price €14.20
GF Value €12.18
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Coles Group Asset Turnover?

Coles Group FRA:2OF 72 Asset Turnover is 1.17 as of Dec. 2025. GuruFocus rates FRA:2OF with a GF Score™ of 72/100 and a GF Value™ of €12.18 (Modestly Overvalued). The stock has 8 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. Coles Group's Revenue for the six months ended in Dec. 2025 was €13,445 Mil. Coles Group's Total Assets for the quarter that ended in Dec. 2025 was €11,513 Mil. Therefore, Coles Group's Asset Turnover for the quarter that ended in Dec. 2025 was 1.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Coles Group's annualized ROE % for the quarter that ended in Dec. 2025 was 26.65%. It is also linked to ROA % through Du Pont Formula. Coles Group's annualized ROA % for the quarter that ended in Dec. 2025 was 5.04%.

Coles Group  (FRA:2OF) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=579.926/2175.843
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(579.926 / 26889.934)*(26889.934 / 11513.143)*(11513.143/ 2175.843)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.16 %*2.3356*5.2913
=ROA %*Equity Multiplier
=5.04 %*5.2913
=26.65 %

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:

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

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=579.926/11513.143
=(Net Income / Revenue)*(Revenue / Total Assets)
=(579.926 / 26889.934)*(26889.934 / 11513.143)
=Net Margin %*Asset Turnover
=2.16 %*2.3356
=5.04 %

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.

Coles Group Asset Turnover Related Terms

Coles Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for Coles 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.

Coles Group Asset Turnover Chart

Coles Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Asset Turnover
Get a 7-Day Free Trial 2.17 2.18 2.10 2.27 2.11

Coles Group Semi-Annual Data
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 1.17 1.08 1.14 1.01 1.17

FRA:2OF vs KR, SFM, ACI: Asset Turnover Comparison

For the Grocery Stores subindustry, Coles 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.

Coles Group Asset Turnover vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Asset Turnover distribution charts can be found below:

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


FRA:2OF
72GF Score
Coles Group Ltd FRA:2OF
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Coles Group Asset Turnover Calculation

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

Coles 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 )
=25034.625/( (12320.045+11455.012)/ 2 )
=25034.625/11887.5285
=2.11

Coles 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 )
=13444.967/( (11455.012+11571.274)/ 2 )
=13444.967/11513.143
=1.17

* 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 1.17 mean?
Coles Group (FRA:2OF) has a Asset Turnover of 1.17 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Coles Group and its competitors.
Is Coles Group's Asset Turnover too high?
Coles Group's current Asset Turnover is 1.17. Overall, Coles Group has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coles Group's Asset Turnover compare to KR and SFM?
Coles Group's Asset Turnover of 1.17 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Asset Turnover depends on the Retail - Defensive 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 Coles Group and its competitors. Coles Group's current Asset Turnover is 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coles Group stock overvalued right now?
Based on GuruFocus' analysis, Coles Group (FRA:2OF) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.18, compared to a current price of €14.20 — trading 16.6% above its estimated fair value. The current Asset Turnover is 1.17. Coles Group's overall GF Score™ is 72/100 with 8 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 Coles Group (FRA:2OF), the current Asset Turnover is 1.17 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 Coles Group (FRA:2OF) Overvalued in 2026?

Based on GuruFocus' analysis, Coles Group stock appears to be overvalued. The current stock price of €14.20 is trading 16.6% above its estimated GF Value™ of €12.18. GuruFocus considers Coles Group to be Modestly Overvalued.

Key valuation signals for FRA:2OF:

  • Asset Turnover: 1.17
  • GF Value™: €12.18 vs. price of €14.20 (16.6% above fair value)
  • GF Score™: 72/100 with 8 warning signs

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

Coles Group Business Description

Other Exchanges CLEGF:USACOL:Australia
Address 800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123
Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and the country's second-largest liquor chain. The group has an extensive store network of over 1,800 stores and roughly 80% of Australians live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process some 20 million individual customer transactions a week. This compares with Woolworths processing about 30 million customer transactions per week from Australia's population of 27 million.
72GF Score

Get the complete analysis for FRA:2OF

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

€14.20
Price
€12.18
GF Value