Howa Bank (FSE:8559) Asset Turnover: 0.01 (As of Mar. 2026)


FSE:8559 Howa Bank Ltd FSE:8559
54 GF Score
Price 円470.00
GF Value 円530.30
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Howa Bank Asset Turnover?

Howa Bank FSE:8559 +0.43% 54 Asset Turnover is 0.01 as of Mar. 2026. GuruFocus rates FSE:8559 with a GF Score™ of 54/100 and a GF Value™ of 円530.30 (Modestly Undervalued). The stock has 1 warning sign 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. Howa Bank's Revenue for the six months ended in Mar. 2026 was 円4,421 Mil. Howa Bank's Total Assets for the quarter that ended in Mar. 2026 was 円595,174 Mil. Therefore, Howa Bank's Asset Turnover for the quarter that ended in Mar. 2026 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Howa Bank's annualized ROE % for the quarter that ended in Mar. 2026 was 2.97%. It is also linked to ROA % through Du Pont Formula. Howa Bank's annualized ROA % for the quarter that ended in Mar. 2026 was 0.14%.


Howa Bank  (FSE:8559) Asset Turnover Explanation

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

Howa Bank's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=822/27695.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(822 / 8842)*(8842 / 595174)*(595174/ 27695.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.3 %*0.0149*21.4899
=ROA %*Equity Multiplier
=0.14 %*21.4899
=2.97 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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:

Howa Bank's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=822/595174
=(Net Income / Revenue)*(Revenue / Total Assets)
=(822 / 8842)*(8842 / 595174)
=Net Margin %*Asset Turnover
=9.3 %*0.0149
=0.14 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.


Howa Bank Asset Turnover Related Terms


Howa Bank Asset Turnover Historical Data

* Premium members only.

The historical data trend for Howa Bank'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.

Howa Bank Asset Turnover Chart

Howa Bank Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.02

Howa Bank Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.01 0.01 0.01 0.01 0.01

Howa Bank Asset Turnover Competitor Comparison

For the Banks - Regional subindustry, Howa Bank'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.


Howa Bank Asset Turnover vs Banks Industry

For the Banks industry and Financial Services sector, Howa Bank's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Howa Bank's Asset Turnover falls into.


FSE:8559
54GF Score
Howa Bank Ltd FSE:8559
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Howa Bank Asset Turnover Calculation

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

Howa Bank's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=9155/( (599499+596133)/ 2 )
=9155/597816
=0.02

Howa Bank'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: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=4421/( (594215+596133)/ 2 )
=4421/595174
=0.01

* 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 0.01 mean?
Howa Bank (FSE:8559) has a Asset Turnover of 0.01 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Howa Bank and its competitors.
Is Howa Bank's Asset Turnover too high?
Howa Bank's current Asset Turnover is 0.01. Overall, Howa Bank has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Howa Bank's Asset Turnover compare to competitors?
Howa Bank's Asset Turnover of 0.01 can be compared against companies in the Banks 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 Banks company?
A good Asset Turnover depends on the Banks 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 Howa Bank and its competitors. Howa Bank's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howa Bank stock overvalued right now?
Based on GuruFocus' analysis, Howa Bank (FSE:8559) is currently considered Modestly Undervalued. The stock's GF Value™ is 円530.30, compared to a current price of 円470.00 — trading 11.4% below its estimated fair value. The current Asset Turnover is 0.01. Howa Bank's overall GF Score™ is 54/100 with 1 warning sign 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 Howa Bank (FSE:8559), the current Asset Turnover is 0.01 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 Howa Bank (FSE:8559) Overvalued in 2026?

Based on GuruFocus' analysis, Howa Bank stock appears to be undervalued. The current stock price of 円470.00 is trading 11.4% below its estimated GF Value™ of 円530.30. GuruFocus considers Howa Bank to be Modestly Undervalued.

Key valuation signals for FSE:8559:

  • Asset Turnover: 0.01
  • GF Value™: 円530.30 vs. price of 円470.00 (11.4% below fair value)
  • GF Score™: 54/100 with 1 warning sign

No single metric tells the full story. See the FSE:8559 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Howa Bank Business Description

Address 4-10 Oji Nakamachi, Oita, JPN, 870-8686
Howa Bank Ltd is a Japan based regional bank. It provides banking products and services in Japan. Its deposit products include general account, saving account, current account, and property accumulation housing savings deposit. It offers housing loan, reform loan, card loan, free loan, education loan, auto loans and also provides insurance services.
54GF Score

Get the complete analysis for FSE:8559

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

円470.00
Price
円530.30
GF Value