Ihlas Holding AS (IST:IHLAS) Asset Turnover: 0.14 (As of Mar. 2026)


IST:IHLAS Ihlas Holding AS IST:IHLAS
46 GF Score
Price ₺1.21
GF Value ₺1.90
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ihlas Holding AS Asset Turnover?

Ihlas Holding AS IST:IHLAS -1.63% 46 Asset Turnover is 0.14 as of Mar. 2026. GuruFocus rates IST:IHLAS with a GF Score™ of 46/100 and a GF Value™ of ₺1.90 (Possible Value Trap). 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. Ihlas Holding AS's Revenue for the three months ended in Mar. 2026 was ₺4,083 Mil. Ihlas Holding AS's Total Assets for the quarter that ended in Mar. 2026 was ₺30,247 Mil. Therefore, Ihlas Holding AS's Asset Turnover for the quarter that ended in Mar. 2026 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. Ihlas Holding AS's annualized ROE % for the quarter that ended in Mar. 2026 was -4.36%. It is also linked to ROA % through Du Pont Formula. Ihlas Holding AS's annualized ROA % for the quarter that ended in Mar. 2026 was -0.43%.

Ihlas Holding AS  (IST:IHLAS) Asset Turnover Explanation

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

Ihlas Holding AS's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-129.496/2972.9325
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-129.496 / 16331.148)*(16331.148 / 30246.7415)*(30246.7415/ 2972.9325)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.79 %*0.5399*10.174
=ROA %*Equity Multiplier
=-0.43 %*10.174
=-4.36 %

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:

Ihlas Holding AS's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-129.496/30246.7415
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-129.496 / 16331.148)*(16331.148 / 30246.7415)
=Net Margin %*Asset Turnover
=-0.79 %*0.5399
=-0.43 %

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.

Ihlas Holding AS Asset Turnover Related Terms

Ihlas Holding AS Asset Turnover Historical Data

* Premium members only.

The historical data trend for Ihlas Holding AS'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.

Ihlas Holding AS Asset Turnover Chart

Ihlas Holding AS 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 0.60 0.62 0.55 0.49 0.58

Ihlas Holding AS 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 0.12 0.10 0.10 0.27 0.14

IST:IHLAS vs HON, MMM: Asset Turnover Comparison

For the Conglomerates subindustry, Ihlas Holding AS'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.

Ihlas Holding AS Asset Turnover vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ihlas Holding AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ihlas Holding AS's Asset Turnover falls into.


IST:IHLAS
46GF Score
Ihlas Holding AS IST:IHLAS
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Ihlas Holding AS Asset Turnover Calculation

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

Ihlas Holding AS'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 )
=17160.32/( (30571.799+28718.836)/ 2 )
=17160.32/29645.3175
=0.58

Ihlas Holding AS'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 )
=4082.787/( (28718.836+31774.647)/ 2 )
=4082.787/30246.7415
=0.13

* 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 0.14 mean?
Ihlas Holding AS (IST:IHLAS) has a Asset Turnover of 0.14 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ihlas Holding AS and its competitors.
Is Ihlas Holding AS's Asset Turnover too high?
Ihlas Holding AS's current Asset Turnover is 0.14. Overall, Ihlas Holding AS has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ihlas Holding AS's Asset Turnover compare to HON and MMM?
Ihlas Holding AS's Asset Turnover of 0.14 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Asset Turnover depends on the Conglomerates 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 Ihlas Holding AS and its competitors. Ihlas Holding AS's current Asset Turnover is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ihlas Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Ihlas Holding AS (IST:IHLAS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺1.90, compared to a current price of ₺1.21 — trading 36.3% below its estimated fair value. The current Asset Turnover is 0.14. Ihlas Holding AS's overall GF Score™ is 46/100 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 Ihlas Holding AS (IST:IHLAS), the current Asset Turnover is 0.14 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 Ihlas Holding AS (IST:IHLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Ihlas Holding AS stock appears to be undervalued. The current stock price of ₺1.21 is trading 36.3% below its estimated GF Value™ of ₺1.90. GuruFocus considers Ihlas Holding AS to be Possible Value Trap.

Key valuation signals for IST:IHLAS:

  • Asset Turnover: 0.14
  • GF Value™: ₺1.90 vs. price of ₺1.21 (36.3% below fair value)
  • GF Score™: 46/100 with 5 warning signs

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

Ihlas Holding AS Business Description

Address Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197
Ihlas Holding AS is a Turkey-based holding company. The operating segment includes Construction, Marketing, Media, and Others. It generates maximum revenue from the Marketing segment. The construction segment includes Real estate trading, construction projects, installation and contracting works, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves Publishing, selling, distributing and marketing of newspapers and all kinds of publications in Turkey and abroad, news agencies, television, and Other. The Marketing segment includes Home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.
46GF Score

Get the complete analysis for IST:IHLAS

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

₺1.21
Price
₺1.90
GF Value