Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Asset Turnover: 0.40 (As of Mar. 2026)


IST:TUPRS Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS
80 GF Score
Price ₺219.30
GF Value ₺147.82
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Tupras-Turkiye Petrol Rafineleri AS Asset Turnover?

Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS +0.05% 80 Asset Turnover is 0.40 as of Mar. 2026. GuruFocus rates IST:TUPRS with a GF Score™ of 80/100 and a GF Value™ of ₺147.82 (Significantly Overvalued). The stock has 4 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. Tupras-Turkiye Petrol Rafineleri AS's Revenue for the three months ended in Mar. 2026 was ₺258,254 Mil. Tupras-Turkiye Petrol Rafineleri AS's Total Assets for the quarter that ended in Mar. 2026 was ₺648,360 Mil. Therefore, Tupras-Turkiye Petrol Rafineleri AS's Asset Turnover for the quarter that ended in Mar. 2026 was 0.40.

Asset Turnover is linked to ROE % through Du Pont Formula. Tupras-Turkiye Petrol Rafineleri AS's annualized ROE % for the quarter that ended in Mar. 2026 was 4.13%. It is also linked to ROA % through Du Pont Formula. Tupras-Turkiye Petrol Rafineleri AS's annualized ROA % for the quarter that ended in Mar. 2026 was 2.29%.


Tupras-Turkiye Petrol Rafineleri AS  (IST:TUPRS) Asset Turnover Explanation

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

Tupras-Turkiye Petrol Rafineleri AS's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=14839.036/358884.999
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(14839.036 / 1033015.4)*(1033015.4 / 648359.651)*(648359.651/ 358884.999)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.44 %*1.5933*1.8066
=ROA %*Equity Multiplier
=2.29 %*1.8066
=4.13 %

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:

Tupras-Turkiye Petrol Rafineleri AS's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=14839.036/648359.651
=(Net Income / Revenue)*(Revenue / Total Assets)
=(14839.036 / 1033015.4)*(1033015.4 / 648359.651)
=Net Margin %*Asset Turnover
=1.44 %*1.5933
=2.29 %

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.


Tupras-Turkiye Petrol Rafineleri AS Asset Turnover Related Terms


Tupras-Turkiye Petrol Rafineleri AS Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS Asset Turnover Chart

Tupras-Turkiye Petrol Rafineleri 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 1.80 4.04 2.26 1.89 1.40

Tupras-Turkiye Petrol Rafineleri 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 0.39 0.36 0.38 0.39 0.40

IST:TUPRS vs VLO, MPC, PSX: Asset Turnover Comparison

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.


Tupras-Turkiye Petrol Rafineleri AS Asset Turnover vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's Asset Turnover falls into.


IST:TUPRS
80GF Score
Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Tupras-Turkiye Petrol Rafineleri AS Asset Turnover Calculation

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

Tupras-Turkiye Petrol Rafineleri 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 )
=830356.131/( (594416.601+591973.843)/ 2 )
=830356.131/593195.222
=1.40

Tupras-Turkiye Petrol Rafineleri 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 )
=258253.85/( (591973.843+704745.459)/ 2 )
=258253.85/648359.651
=0.40

* 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 0.40 mean?
Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) has a Asset Turnover of 0.40 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tupras-Turkiye Petrol Rafineleri AS and its competitors.
Is Tupras-Turkiye Petrol Rafineleri AS's Asset Turnover too high?
Tupras-Turkiye Petrol Rafineleri AS's current Asset Turnover is 0.40. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's Asset Turnover compare to VLO and MPC?
Tupras-Turkiye Petrol Rafineleri AS's Asset Turnover of 0.40 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Asset Turnover depends on the Oil & Gas 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. Tupras-Turkiye Petrol Rafineleri AS's current Asset Turnover is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺147.82, compared to a current price of ₺219.30 — trading 48.4% above its estimated fair value. The current Asset Turnover is 0.40. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 80/100 with 4 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS), the current Asset Turnover is 0.40 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Overvalued in 2026?

Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued. The current stock price of ₺219.30 is trading 48.4% above its estimated GF Value™ of ₺147.82. GuruFocus considers Tupras-Turkiye Petrol Rafineleri AS to be Significantly Overvalued.

Key valuation signals for IST:TUPRS:

  • Asset Turnover: 0.40
  • GF Value™: ₺147.82 vs. price of ₺219.30 (48.4% above fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Tupras-Turkiye Petrol Rafineleri AS Business Description

Industry EnergyOil & Gas
Address Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
80GF Score

Get the complete analysis for IST:TUPRS

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

₺219.30
Price
₺147.82
GF Value