Bellini Nautica SpA (FRA:F2F) Asset Turnover: 0.42 (As of Dec. 2025)


FRA:F2F Bellini Nautica SpA FRA:F2F
75 GF Score
Price €2.84
GF Value €4.51
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Bellini Nautica SpA Asset Turnover?

Bellini Nautica SpA FRA:F2F -0.70% 75 Asset Turnover is 0.42 as of Dec. 2025. GuruFocus rates FRA:F2F with a GF Score™ of 75/100 and a GF Value™ of €4.51 (Significantly 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. Bellini Nautica SpA's Revenue for the six months ended in Dec. 2025 was €11.29 Mil. Bellini Nautica SpA's Total Assets for the quarter that ended in Dec. 2025 was €27.04 Mil. Therefore, Bellini Nautica SpA's Asset Turnover for the quarter that ended in Dec. 2025 was 0.42.

Asset Turnover is linked to ROE % through Du Pont Formula. Bellini Nautica SpA's annualized ROE % for the quarter that ended in Dec. 2025 was -0.71%. It is also linked to ROA % through Du Pont Formula. Bellini Nautica SpA's annualized ROA % for the quarter that ended in Dec. 2025 was -0.22%.


Bellini Nautica SpA  (FRA:F2F) Asset Turnover Explanation

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

Bellini Nautica SpA's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-0.06/8.441
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.06 / 22.588)*(22.588 / 27.043)*(27.043/ 8.441)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.27 %*0.8353*3.2038
=ROA %*Equity Multiplier
=-0.22 %*3.2038
=-0.71 %

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:

Bellini Nautica SpA's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-0.06/27.043
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.06 / 22.588)*(22.588 / 27.043)
=Net Margin %*Asset Turnover
=-0.27 %*0.8353
=-0.22 %

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.


Bellini Nautica SpA Asset Turnover Related Terms


Bellini Nautica SpA Asset Turnover Historical Data

* Premium members only.

The historical data trend for Bellini Nautica SpA'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.

Bellini Nautica SpA Asset Turnover Chart

Bellini Nautica SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial 1.67 1.16 0.73 1.06 0.92

Bellini Nautica SpA Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.66 0.47 0.60 0.42

FRA:F2F vs BC, THO, PII: Asset Turnover Comparison

For the Recreational Vehicles subindustry, Bellini Nautica SpA'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.


Bellini Nautica SpA Asset Turnover vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bellini Nautica SpA's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bellini Nautica SpA's Asset Turnover falls into.


FRA:F2F
75GF Score
Bellini Nautica SpA FRA:F2F
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Bellini Nautica SpA Asset Turnover Calculation

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

Bellini Nautica SpA'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 )
=23.984/( (20.399+31.943)/ 2 )
=23.984/26.171
=0.92

Bellini Nautica SpA'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 )
=11.294/( (22.143+31.943)/ 2 )
=11.294/27.043
=0.42

* 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 0.42 mean?
Bellini Nautica SpA (FRA:F2F) has a Asset Turnover of 0.42 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bellini Nautica SpA and its competitors.
Is Bellini Nautica SpA's Asset Turnover too high?
Bellini Nautica SpA's current Asset Turnover is 0.42. Overall, Bellini Nautica SpA has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bellini Nautica SpA's Asset Turnover compare to BC and THO?
Bellini Nautica SpA's Asset Turnover of 0.42 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Asset Turnover depends on the Vehicles & Parts 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 Bellini Nautica SpA and its competitors. Bellini Nautica SpA's current Asset Turnover is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellini Nautica SpA stock overvalued right now?
Based on GuruFocus' analysis, Bellini Nautica SpA (FRA:F2F) is currently considered Significantly Undervalued. The stock's GF Value™ is €4.51, compared to a current price of €2.84 — trading 37% below its estimated fair value. The current Asset Turnover is 0.42. Bellini Nautica SpA's overall GF Score™ is 75/100 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 Bellini Nautica SpA (FRA:F2F), the current Asset Turnover is 0.42 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 Bellini Nautica SpA (FRA:F2F) Overvalued in 2026?

Based on GuruFocus' analysis, Bellini Nautica SpA stock appears to be undervalued. The current stock price of €2.84 is trading 37% below its estimated GF Value™ of €4.51. GuruFocus considers Bellini Nautica SpA to be Significantly Undervalued.

Key valuation signals for FRA:F2F:

  • Asset Turnover: 0.42
  • GF Value™: €4.51 vs. price of €2.84 (37% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the FRA:F2F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bellini Nautica SpA Business Description

Other Exchanges BELL:Italy
Address Via Carlo Lanza, 28, Clusane d'Iseo, Brescia, ITA, 25049
Bellini Nautica SpA offers recreational vehicles. It specializes in the commercialization of high-end pleasure boats, with its offerings spanning different kinds of boats such as the Bellini yachts like B Atelier and Astor 36, and Vintage Riva boats like Florida Shore, Riva Junior, Sebino Shore, and others. The company also offers boat-related maintenance and restoration services.
75GF Score

Get the complete analysis for FRA:F2F

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

€2.84
Price
€4.51
GF Value