Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Equites Property Fund's Revenue for the
six
months ended in Feb. 2026 was R1,483 Mil. Equites Property Fund's Total Assets for the quarter that ended in Feb. 2026 was R31,424 Mil. Therefore, Equites Property Fund's Asset Turnover for the quarter that ended in Feb. 2026 was 0.05.
Asset Turnover is linked to ROE % through Du Pont Formula. Equites Property Fund's annualizedROE % for the quarter that ended in Feb. 2026 was 11.14%. It is also linked to ROA % through Du Pont Formula. Equites Property Fund's annualizedROA % for the quarter that ended in Feb. 2026 was 5.04%.
Note:
The Net Income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 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:
Equites Property Fund's annulizedROA % for the quarter that ended in Feb. 2026 is
Note:
The Net Income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 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.
Equites Property Fund Asset Turnover Related Terms
Equites Property Fund Asset Turnover Historical Data
* Premium members only.
The historical data trend for Equites Property Fund'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.
JSE:EQU vs PLD, PSA, EXR: Asset Turnover Comparison
For the REIT - Industrial subindustry, Equites Property Fund'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.
Equites Property Fund Asset Turnover vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Equites Property Fund'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.
Equites Property Fund (JSE:EQU) has a Asset Turnover of 0.05 as of Feb. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Equites Property Fund and its competitors.
Is Equites Property Fund's Asset Turnover too high?
Equites Property Fund's current Asset Turnover is 0.05. Overall, Equites Property Fund has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's Asset Turnover compare to PLD and PSA?
Equites Property Fund's Asset Turnover of 0.05 can be compared against companies in the REITs 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 REITs company?
A good Asset Turnover depends on the REITs 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 Equites Property Fund and its competitors. Equites Property Fund's current Asset Turnover is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equites Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Equites Property Fund (JSE:EQU) is currently considered Significantly Overvalued. The stock's GF Value™ is R13.45, compared to a current price of R17.79 — trading 32.3% above its estimated fair value. The current Asset Turnover is 0.05. Equites Property Fund's overall GF Score™ is 77/100 with 12 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 Equites Property Fund (JSE:EQU), the current Asset Turnover is 0.05 as of Feb. 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 Equites Property Fund (JSE:EQU) Overvalued in 2026?
Based on GuruFocus' analysis, Equites Property Fund stock appears to be overvalued.
The current stock price of R17.79 is trading 32.3% above its estimated GF Value™ of R13.45.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
Asset Turnover: 0.05
GF Value™: R13.45 vs. price of R17.79 (32.3% above fair value)
No single metric tells the full story. See the JSE:EQU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equites Property Fund Ltd generates rental income from investment in and development of modern logistics facilities. Its business activities include development, acquisition of vacant land and brownfield opportunities, acquisition of tenanted property, property management, and capital management. The Group operates through three reportable segments: SA Industrial, generate maximum revenue, which incorporates all the SA industrial and logistics assets; UK Developer, which relates to the disposal of land and turnkey developments; and Other, which comprises non-property-related activities. The Group has industrial and logistics assets in the Western Cape, Eastern Cape, Gauteng, and KwaZulu-Natal, and one ongoing development site in the UK.
77GF Score
Get the complete analysis for JSE:EQU
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:EQU has been successfully added to your 
