Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ichor Holdings's Revenue for the
three
months ended in Mar. 2026 was $256.1 Mil. Ichor Holdings's Total Assets for the quarter that ended in Mar. 2026 was $957.7 Mil. Therefore, Ichor Holdings's Asset Turnover for the quarter that ended in Mar. 2026 was 0.27.
Asset Turnover is linked to ROE % through Du Pont Formula. Ichor Holdings's annualizedROE % for the quarter that ended in Mar. 2026 was -1.48%. It is also linked to ROA % through Du Pont Formula. Ichor Holdings's annualizedROA % for the quarter that ended in Mar. 2026 was -1.03%.
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:
Ichor Holdings's annulizedROA % for the quarter that ended in Mar. 2026 is
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.
Ichor Holdings Asset Turnover Related Terms
Ichor Holdings Asset Turnover Historical Data
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The historical data trend for Ichor Holdings'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.
ICHR vs COHU, AEHR, PLAB: Asset Turnover Comparison
For the Semiconductor Equipment & Materials subindustry, Ichor Holdings'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.
Ichor Holdings Asset Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ichor Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Ichor Holdings'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.
Ichor Holdings (ICHR) has a Asset Turnover of 0.27 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ichor Holdings and its competitors.
Is Ichor Holdings' Asset Turnover too high?
Ichor Holdings' current Asset Turnover is 0.27. Overall, Ichor Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichor Holdings' Asset Turnover compare to COHU and AEHR?
Ichor Holdings' Asset Turnover of 0.27 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Asset Turnover depends on the Semiconductors 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 Ichor Holdings and its competitors. Ichor Holdings's current Asset Turnover is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ichor Holdings (ICHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $31.09, compared to a current price of $94.00 — trading 202.3% above its estimated fair value. The current Asset Turnover is 0.27. Ichor Holdings' overall GF Score™ is 60/100 with 6 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 Ichor Holdings (ICHR), the current Asset Turnover is 0.27 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 Ichor Holdings (ICHR) Overvalued in 2026?
Based on GuruFocus' analysis, Ichor Holdings stock appears to be overvalued.
The current stock price of $94.00 is trading 202.3% above its estimated GF Value™ of $31.09.
GuruFocus considers Ichor Holdings to be Significantly Overvalued.
Key valuation signals for ICHR:
Asset Turnover: 0.27
GF Value™: $31.09 vs. price of $94.00 (202.3% above fair value)
No single metric tells the full story. See the ICHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichor Holdings Ltd designs, engineers, and manufactures critical fluid delivery subsystems and components mainly for semiconductor capital equipment, along with solutions for defense/aerospace and medical industries. Its product portfolio includes gas and chemical delivery subsystems that enable precise delivery, monitoring, and control of specialized gases and reactive liquid chemistries used in semiconductor manufacturing processes such as etch, electroplating, and cleaning. The company also provides precision-machined components, weldments, e-beam and laser-welded components, as well as precision vacuum and hydrogen brazing. Geographically, the company operates across the United States, Singapore, Europe, and other regions, with Singapore contributing the majority of revenue.
60GF Score
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