True PCL (FRA:TAF0) Asset Turnover: 0.07 (As of Mar. 2026)


FRA:TAF0 True Corp PCL FRA:TAF0
48 GF Score
Price €0.29
GF Value €0.26
! 5 Warning Signs
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What is True PCL Asset Turnover?

True PCL FRA:TAF0 -2.00% 48 Asset Turnover is 0.07 as of Mar. 2026. GuruFocus rates FRA:TAF0 with a GF Score™ of 48/100 and a GF Value™ of €0.26. 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. True PCL's Revenue for the three months ended in Mar. 2026 was €1,244 Mil. True PCL's Total Assets for the quarter that ended in Mar. 2026 was €17,749 Mil. Therefore, True PCL's Asset Turnover for the quarter that ended in Mar. 2026 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. True PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 33.23%. It is also linked to ROA % through Du Pont Formula. True PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 3.98%.


True PCL  (FRA:TAF0) Asset Turnover Explanation

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

True PCL's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=706.604/2126.57
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(706.604 / 4975.388)*(4975.388 / 17748.845)*(17748.845/ 2126.57)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.2 %*0.2803*8.3462
=ROA %*Equity Multiplier
=3.98 %*8.3462
=33.23 %

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:

True PCL's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=706.604/17748.845
=(Net Income / Revenue)*(Revenue / Total Assets)
=(706.604 / 4975.388)*(4975.388 / 17748.845)
=Net Margin %*Asset Turnover
=14.2 %*0.2803
=3.98 %

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.


True PCL Asset Turnover Related Terms


True PCL Asset Turnover Historical Data

* Premium members only.

The historical data trend for True PCL'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.

True PCL Asset Turnover Chart

True PCL 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 0.23 0.22 0.00 0.30 0.29

True PCL 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 0.08 0.08 0.07 0.07 0.07

FRA:TAF0 vs TMUS, VZ, T: Asset Turnover Comparison

For the Telecom Services subindustry, True PCL'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.


True PCL Asset Turnover vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, True PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where True PCL's Asset Turnover falls into.


FRA:TAF0
48GF Score
True Corp PCL FRA:TAF0
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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True PCL Asset Turnover Calculation

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

True PCL'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 )
=5292.193/( (18893.512+17965.242)/ 2 )
=5292.193/18429.377
=0.29

True PCL'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 )
=1243.847/( (17965.242+17532.448)/ 2 )
=1243.847/17748.845
=0.07

* 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 0.07 mean?
True PCL (FRA:TAF0) has a Asset Turnover of 0.07 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on True PCL and its competitors.
Is True PCL's Asset Turnover too high?
True PCL's current Asset Turnover is 0.07. Overall, True PCL has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does True PCL's Asset Turnover compare to TMUS and VZ?
True PCL's Asset Turnover of 0.07 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Asset Turnover depends on the Telecommunication Services 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 True PCL and its competitors. True PCL's current Asset Turnover is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True PCL stock overvalued right now?
True PCL (FRA:TAF0) has a current Asset Turnover of 0.07. The stock's GF Value™ is €0.26, compared to a current price of €0.29 — trading 13.1% above its estimated fair value. The current Asset Turnover is 0.07. True PCL's overall GF Score™ is 48/100 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 True PCL (FRA:TAF0), the current Asset Turnover is 0.07 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 True PCL (FRA:TAF0) Overvalued in 2026?

Based on GuruFocus' analysis, True PCL stock appears to be overvalued. The current stock price of €0.29 is trading 13.1% above its estimated GF Value™ of €0.26.

Key valuation signals for FRA:TAF0:

  • Asset Turnover: 0.07
  • GF Value™: €0.26 vs. price of €0.29 (13.1% above fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the FRA:TAF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


True PCL Business Description

Address 18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.
48GF Score

Get the complete analysis for FRA:TAF0

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

€0.29
Price
€0.26
GF Value