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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Nippon Aqua Co's Revenue for the
three
months ended in Dec. 2025 was €51.4 Mil. Nippon Aqua Co's Total Assets for the quarter that ended in Dec. 2025 was €137.1 Mil. Therefore, Nippon Aqua Co's Asset Turnover for the quarter that ended in Dec. 2025 was 0.38.
Asset Turnover is linked to ROE % through Du Pont Formula. Nippon Aqua Co's annualizedROE % for the quarter that ended in Dec. 2025 was 24.86%. It is also linked to ROA % through Du Pont Formula. Nippon Aqua Co's annualizedROA % for the quarter that ended in Dec. 2025 was 11.34%.
Nippon Aqua Co (FRA:N3A) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Nippon Aqua Co's annulizedROE % for the quarter that ended in Dec. 2025 is
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:
Nippon Aqua Co's annulizedROA % for the quarter that ended in Dec. 2025 is
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.
Nippon Aqua Co Asset Turnover Related Terms
Nippon Aqua Co Asset Turnover Historical Data
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The historical data trend for Nippon Aqua Co'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.
FRA:N3A vs PWR, FIX, EME: Asset Turnover Comparison
For the Engineering & Construction subindustry, Nippon Aqua Co'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.
Nippon Aqua Co Asset Turnover vs Construction Industry
For the Construction industry and Industrials sector, Nippon Aqua Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Nippon Aqua Co's Asset Turnover falls into.
* 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.
Nippon Aqua Co (FRA:N3A) has a Asset Turnover of 0.38 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Nippon Aqua Co and its competitors.
Is Nippon Aqua Co's Asset Turnover too high?
Nippon Aqua Co's current Asset Turnover is 0.38. Overall, Nippon Aqua Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Aqua Co's Asset Turnover compare to PWR and FIX?
Nippon Aqua Co's Asset Turnover of 0.38 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 Nippon Aqua Co and its competitors. Nippon Aqua Co's current Asset Turnover is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Aqua Co stock overvalued right now?
Nippon Aqua Co (FRA:N3A) has a current Asset Turnover of 0.38. The stock's GF Value™ is €5.70, compared to a current price of €3.96 — trading 30.5% below its estimated fair value. The current Asset Turnover is 0.38. Nippon Aqua Co's overall GF Score™ is 73/100. 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 Nippon Aqua Co (FRA:N3A), the current Asset Turnover is 0.38 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 Nippon Aqua Co (FRA:N3A) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Aqua Co stock appears to be undervalued.
The current stock price of €3.96 is trading 30.5% below its estimated GF Value™ of €5.70.
Key valuation signals for FRA:N3A:
Asset Turnover: 0.38
GF Value™: €5.70 vs. price of €3.96 (30.5% below fair value)
No single metric tells the full story. See the FRA:N3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Aqua Co Ltd is engaged in the development, sales, and installation of rigid polyurethane foam (Note) and waterproofing materials (polyurea). The company also provides a comprehensive service from the procurement, manufacturing, and sales of raw materials according to its specifications, to insulation design, sales of related materials such as heat-shielding materials, and on-site installation. Its business consists of a single business: thermal insulation construction and related services.
73GF Score
Get the complete analysis for FRA:N3A
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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