FSRCY (First Resources) Asset Turnover: 0.35 (As of Dec. 2025)


FSRCY First Resources Ltd FSRCY
80 GF Score
Price $238.46
GF Value $189.83
Valuation Modestly Overvalued
! 3 Warning Signs
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What is First Resources Asset Turnover?

First Resources FSRCY 80 Asset Turnover is 0.35 as of Dec. 2025. GuruFocus rates FSRCY with a GF Score™ of 80/100 and a GF Value™ of $189.83 (Modestly Overvalued). The stock has 3 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. First Resources's Revenue for the six months ended in Dec. 2025 was $987 Mil. First Resources's Total Assets for the quarter that ended in Dec. 2025 was $2,820 Mil. Therefore, First Resources's Asset Turnover for the quarter that ended in Dec. 2025 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. First Resources's annualized ROE % for the quarter that ended in Dec. 2025 was 27.63%. It is also linked to ROA % through Du Pont Formula. First Resources's annualized ROA % for the quarter that ended in Dec. 2025 was 14.52%.


First Resources  (OTCPK:FSRCY) Asset Turnover Explanation

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

First Resources's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=409.394/1481.475
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(409.394 / 1974.406)*(1974.406 / 2820.2155)*(2820.2155/ 1481.475)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.74 %*0.7001*1.9037
=ROA %*Equity Multiplier
=14.52 %*1.9037
=27.63 %

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:

First Resources's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=409.394/2820.2155
=(Net Income / Revenue)*(Revenue / Total Assets)
=(409.394 / 1974.406)*(1974.406 / 2820.2155)
=Net Margin %*Asset Turnover
=20.74 %*0.7001
=14.52 %

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.


First Resources Asset Turnover Related Terms


First Resources Asset Turnover Historical Data

* Premium members only.

The historical data trend for First Resources'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.

First Resources Asset Turnover Chart

First Resources 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 0.56 0.66 0.54 0.56 0.69

First Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.26 0.31 0.29 0.35

FSRCY vs KHC, GIS: Asset Turnover Comparison

For the Packaged Foods subindustry, First Resources'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.


First Resources Asset Turnover vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Resources's Asset Turnover distribution charts can be found below:

* The bar in red indicates where First Resources's Asset Turnover falls into.


FSRCY
80GF Score
First Resources Ltd FSRCY
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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First Resources Asset Turnover Calculation

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

First Resources'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 )
=1661.077/( (1951.82+2892.558)/ 2 )
=1661.077/2422.189
=0.69

First Resources'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 )
=987.203/( (2747.873+2892.558)/ 2 )
=987.203/2820.2155
=0.35

* 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 0.35 mean?
First Resources (FSRCY) has a Asset Turnover of 0.35 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on First Resources and its competitors.
Is First Resources' Asset Turnover too high?
First Resources' current Asset Turnover is 0.35. Overall, First Resources has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Resources' Asset Turnover compare to KHC and GIS?
First Resources' Asset Turnover of 0.35 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods 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 First Resources and its competitors. First Resources's current Asset Turnover is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Resources stock overvalued right now?
Based on GuruFocus' analysis, First Resources (FSRCY) is currently considered Modestly Overvalued. The stock's GF Value™ is $189.83, compared to a current price of $238.46 — trading 25.6% above its estimated fair value. The current Asset Turnover is 0.35. First Resources' overall GF Score™ is 80/100 with 3 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 First Resources (FSRCY), the current Asset Turnover is 0.35 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 First Resources (FSRCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Resources stock appears to be overvalued. The current stock price of $238.46 is trading 25.6% above its estimated GF Value™ of $189.83. GuruFocus considers First Resources to be Modestly Overvalued.

Key valuation signals for FSRCY:

  • Asset Turnover: 0.35
  • GF Value™: $189.83 vs. price of $238.46 (25.6% above fair value)
  • GF Score™: 80/100 with 3 warning signs

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


First Resources Business Description

Other Exchanges EB5:Singapore5F1:Germany
Address 7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987
First Resources Ltd manages hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations, Palm Oil Mills & Refinery and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.
80GF Score

Get the complete analysis for FSRCY

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

$238.46
Price
$189.83
GF Value