Enapter AG (HAM:H2O) Asset Turnover: 0.12 (As of Dec. 2025)


HAM:H2O Enapter AG HAM:H2O
55 GF Score
Price €1.23
GF Value €3.64
Valuation Possible Value Trap
! 8 Warning Signs
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What is Enapter AG Asset Turnover?

Enapter AG HAM:H2O +4.24% 55 Asset Turnover is 0.12 as of Dec. 2025. GuruFocus rates HAM:H2O with a GF Score™ of 55/100 and a GF Value™ of €3.64 (Possible Value Trap). The stock has 8 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. Enapter AG's Revenue for the six months ended in Dec. 2025 was €16.46 Mil. Enapter AG's Total Assets for the quarter that ended in Dec. 2025 was €143.45 Mil. Therefore, Enapter AG's Asset Turnover for the quarter that ended in Dec. 2025 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Enapter AG's annualized ROE % for the quarter that ended in Dec. 2025 was -70.16%. It is also linked to ROA % through Du Pont Formula. Enapter AG's annualized ROA % for the quarter that ended in Dec. 2025 was -25.79%.

Enapter AG  (HAM:H2O) Asset Turnover Explanation

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

Enapter AG's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-37.002/52.7395
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-37.002 / 32.914)*(32.914 / 143.4465)*(143.4465/ 52.7395)
=Net Margin %*Asset Turnover*Equity Multiplier
=-112.42 %*0.2295*2.7199
=ROA %*Equity Multiplier
=-25.79 %*2.7199
=-70.16 %

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:

Enapter AG's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-37.002/143.4465
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-37.002 / 32.914)*(32.914 / 143.4465)
=Net Margin %*Asset Turnover
=-112.42 %*0.2295
=-25.79 %

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.

Enapter AG Asset Turnover Related Terms

Enapter AG Asset Turnover Historical Data

* Premium members only.

The historical data trend for Enapter AG'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.

Enapter AG Asset Turnover Chart

Enapter AG Annual Data
Trend Dec07 Dec08 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.17 0.25 0.15 0.16

Enapter AG Semi-Annual Data
Jun09 Jun11 Jan17 Jul17 Jan18 Jul18 Jan19 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 0.21 0.06 0.10 0.04 0.12

HAM:H2O vs GEV, ETN, PH: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, Enapter AG'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.

Enapter AG Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enapter AG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Enapter AG's Asset Turnover falls into.


HAM:H2O
55GF Score
Enapter AG HAM:H2O
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Enapter AG Asset Turnover Calculation

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

Enapter AG'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 )
=22.1/( (143.237+141.331)/ 2 )
=22.1/142.284
=0.16

Enapter AG'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 )
=16.457/( (145.562+141.331)/ 2 )
=16.457/143.4465
=0.11

* 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 0.12 mean?
Enapter AG (HAM:H2O) has a Asset Turnover of 0.12 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Enapter AG and its competitors.
Is Enapter AG's Asset Turnover too high?
Enapter AG's current Asset Turnover is 0.12. Overall, Enapter AG has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Enapter AG's Asset Turnover compare to GEV and ETN?
Enapter AG's Asset Turnover of 0.12 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 Enapter AG and its competitors. Enapter AG's current Asset Turnover is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enapter AG stock overvalued right now?
Based on GuruFocus' analysis, Enapter AG (HAM:H2O) is currently considered Possible Value Trap. The stock's GF Value™ is €3.64, compared to a current price of €1.23 — trading 66.2% below its estimated fair value. The current Asset Turnover is 0.12. Enapter AG's overall GF Score™ is 55/100 with 8 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 Enapter AG (HAM:H2O), the current Asset Turnover is 0.12 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 Enapter AG (HAM:H2O) Overvalued in 2026?

Based on GuruFocus' analysis, Enapter AG stock appears to be undervalued. The current stock price of €1.23 is trading 66.2% below its estimated GF Value™ of €3.64. GuruFocus considers Enapter AG to be Possible Value Trap.

Key valuation signals for HAM:H2O:

  • Asset Turnover: 0.12
  • GF Value™: €3.64 vs. price of €1.23 (66.2% below fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the HAM:H2O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Enapter AG Business Description

Other Exchanges H2O:Germany
Address Reinhardtstr. 35, Berlin, BB, DEU, 10117
Enapter AG is engaged in research and development in the field of hydrogen systems with a focus on electrolysis, project management in Renewable Energy Systems and Smart-Grid Technology, software development for Smart Grid, Smart Energy and Industry 4.0 and Internet of Things (IoT), and manufacturing and production, design, planning, trading and resale of electrolysers and similar products and related software and control systems. Specifically, the Enapter Group develops and manufactures patented electrolysers based on Anion Exchange Membrane (AEM) technology. the Group had only one reportable segment which is the design and production of hydrogen generators based on patented anion exchange membrane electrolysis (AEM electrolysis) and pursues.
55GF Score

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

€1.23
Price
€3.64
GF Value