Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Asset Turnover: 0.17 (As of Mar. 2026)


KUW:SHIP Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP
80 GF Score
Price KWD0.70
GF Value KWD1.04
Valuation Possible Value Trap
! 6 Warning Signs
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What is Heavy Engineering Industries and Shipbuilding Co KSC Asset Turnover?

Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP -0.14% 80 Asset Turnover is 0.17 as of Mar. 2026. GuruFocus rates KUW:SHIP with a GF Score™ of 80/100 and a GF Value™ of KWD1.04 (Possible Value Trap). The stock has 6 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. Heavy Engineering Industries and Shipbuilding Co KSC's Revenue for the three months ended in Mar. 2026 was KWD43.4 Mil. Heavy Engineering Industries and Shipbuilding Co KSC's Total Assets for the quarter that ended in Mar. 2026 was KWD249.5 Mil. Therefore, Heavy Engineering Industries and Shipbuilding Co KSC's Asset Turnover for the quarter that ended in Mar. 2026 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Heavy Engineering Industries and Shipbuilding Co KSC's annualized ROE % for the quarter that ended in Mar. 2026 was 5.55%. It is also linked to ROA % through Du Pont Formula. Heavy Engineering Industries and Shipbuilding Co KSC's annualized ROA % for the quarter that ended in Mar. 2026 was 1.77%.


Heavy Engineering Industries and Shipbuilding Co KSC  (KUW:SHIP) Asset Turnover Explanation

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

Heavy Engineering Industries and Shipbuilding Co KSC's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=4.42/79.61
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.42 / 173.476)*(173.476 / 249.4745)*(249.4745/ 79.61)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.55 %*0.6954*3.1337
=ROA %*Equity Multiplier
=1.77 %*3.1337
=5.55 %

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:

Heavy Engineering Industries and Shipbuilding Co KSC's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=4.42/249.4745
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.42 / 173.476)*(173.476 / 249.4745)
=Net Margin %*Asset Turnover
=2.55 %*0.6954
=1.77 %

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.


Heavy Engineering Industries and Shipbuilding Co KSC Asset Turnover Related Terms


Heavy Engineering Industries and Shipbuilding Co KSC Asset Turnover Historical Data

* Premium members only.

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC'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.

Heavy Engineering Industries and Shipbuilding Co KSC Asset Turnover Chart

Heavy Engineering Industries and Shipbuilding Co KSC 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 0.72 0.72 0.82 0.84 0.93

Heavy Engineering Industries and Shipbuilding Co KSC 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 0.22 0.22 0.25 0.24 0.17

KUW:SHIP vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, Heavy Engineering Industries and Shipbuilding Co KSC'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.


Heavy Engineering Industries and Shipbuilding Co KSC Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, Heavy Engineering Industries and Shipbuilding Co KSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Heavy Engineering Industries and Shipbuilding Co KSC's Asset Turnover falls into.


KUW:SHIP
80GF Score
Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Heavy Engineering Industries and Shipbuilding Co KSC Asset Turnover Calculation

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

Heavy Engineering Industries and Shipbuilding Co KSC'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 )
=205.788/( (204.612+239.29)/ 2 )
=205.788/221.951
=0.93

Heavy Engineering Industries and Shipbuilding Co KSC'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 )
=43.369/( (239.29+259.659)/ 2 )
=43.369/249.4745
=0.17

* 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 0.17 mean?
Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) has a Asset Turnover of 0.17 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Heavy Engineering Industries and Shipbuilding Co KSC and its competitors.
Is Heavy Engineering Industries and Shipbuilding Co KSC's Asset Turnover too high?
Heavy Engineering Industries and Shipbuilding Co KSC's current Asset Turnover is 0.17. Overall, Heavy Engineering Industries and Shipbuilding Co KSC has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heavy Engineering Industries and Shipbuilding Co KSC's Asset Turnover compare to PWR and FIX?
Heavy Engineering Industries and Shipbuilding Co KSC's Asset Turnover of 0.17 can be compared against companies in the Construction 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 Construction company?
A good Asset Turnover depends on the Construction 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 Heavy Engineering Industries and Shipbuilding Co KSC and its competitors. Heavy Engineering Industries and Shipbuilding Co KSC's current Asset Turnover is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heavy Engineering Industries and Shipbuilding Co KSC stock overvalued right now?
Based on GuruFocus' analysis, Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) is currently considered Possible Value Trap. The stock's GF Value™ is KWD1.04, compared to a current price of KWD0.70 — trading 32.7% below its estimated fair value. The current Asset Turnover is 0.17. Heavy Engineering Industries and Shipbuilding Co KSC's overall GF Score™ is 80/100 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 Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP), the current Asset Turnover is 0.17 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 Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Overvalued in 2026?

Based on GuruFocus' analysis, Heavy Engineering Industries and Shipbuilding Co KSC stock appears to be undervalued. The current stock price of KWD0.70 is trading 32.7% below its estimated GF Value™ of KWD1.04. GuruFocus considers Heavy Engineering Industries and Shipbuilding Co KSC to be Possible Value Trap.

Key valuation signals for KUW:SHIP:

  • Asset Turnover: 0.17
  • GF Value™: KWD1.04 vs. price of KWD0.70 (32.7% below fair value)
  • GF Score™: 80/100 with 6 warning signs

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


Heavy Engineering Industries and Shipbuilding Co KSC Business Description

Address Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080
Heavy Engineering Industries and Shipbuilding Co KSC is engaged in engineering, procurement, and construction (EPC) contracting, focusing on the shipping and maritime industry in Kuwait. The Company serves sectors including oil and gas, refineries, petrochemicals, power, water distillation and desalination, shipbuilding, ship repair, dredging, and maritime construction. Its activities include industrial and marine works, installation and maintenance services, trading of equipment and spare parts, and contracting and tendering with international companies. It also provides services such as shipyard operations, fabrication, testing and calibration, quality control, scaffolding, galvanizing, onshore and offshore operations, technical manpower supply, and design and engineering services.
80GF Score

Get the complete analysis for KUW:SHIP

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

KWD0.70
Price
KWD1.04
GF Value