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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Doric Nimrod Air Three's Revenue for the
six
months ended in Sep. 2025 was £37.35 Mil. Doric Nimrod Air Three's Total Assets for the quarter that ended in Sep. 2025 was £153.69 Mil. Therefore, Doric Nimrod Air Three's Asset Turnover for the quarter that ended in Sep. 2025 was 0.24.
Asset Turnover is linked to ROE % through Du Pont Formula. Doric Nimrod Air Three's annualizedROE % for the quarter that ended in Sep. 2025 was 36.59%. It is also linked to ROA % through Du Pont Formula. Doric Nimrod Air Three's annualizedROA % for the quarter that ended in Sep. 2025 was 32.42%.
Doric Nimrod Air Three (LSE:DNA3) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Doric Nimrod Air Three's annulizedROE % for the quarter that ended in Sep. 2025 is
Note:
The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) 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:
Doric Nimrod Air Three's annulizedROA % for the quarter that ended in Sep. 2025 is
Note:
The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) 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.
Doric Nimrod Air Three Asset Turnover Related Terms
Doric Nimrod Air Three Asset Turnover Historical Data
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The historical data trend for Doric Nimrod Air Three'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.
LSE:DNA3 vs URI, FTAI, AER: Asset Turnover Comparison
For the Rental & Leasing Services subindustry, Doric Nimrod Air Three'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.
Doric Nimrod Air Three Asset Turnover vs Business Services Industry
For the Business Services industry and Industrials sector, Doric Nimrod Air Three's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Doric Nimrod Air Three'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.
Doric Nimrod Air Three (LSE:DNA3) has a Asset Turnover of 0.24 as of Sep. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Doric Nimrod Air Three and its competitors.
Is Doric Nimrod Air Three's Asset Turnover too high?
Doric Nimrod Air Three's current Asset Turnover is 0.24. Overall, Doric Nimrod Air Three has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Doric Nimrod Air Three's Asset Turnover compare to URI and FTAI?
Doric Nimrod Air Three's Asset Turnover of 0.24 can be compared against companies in the Business Services 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 Business Services company?
A good Asset Turnover depends on the Business Services 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 Doric Nimrod Air Three and its competitors. Doric Nimrod Air Three's current Asset Turnover is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doric Nimrod Air Three stock overvalued right now?
Doric Nimrod Air Three (LSE:DNA3) has a current Asset Turnover of 0.24. The stock's GF Value™ is £0.62, compared to a current price of £0.64 — trading 3.2% above its estimated fair value. The current Asset Turnover is 0.24. Doric Nimrod Air Three's overall GF Score™ is 24/100 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 Doric Nimrod Air Three (LSE:DNA3), the current Asset Turnover is 0.24 as of Sep. 2025. 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 Doric Nimrod Air Three (LSE:DNA3) Overvalued in 2026?
Based on GuruFocus' analysis, Doric Nimrod Air Three stock appears to be overvalued.
The current stock price of £0.64 is trading 3.2% above its estimated GF Value™ of £0.62.
Key valuation signals for LSE:DNA3:
Asset Turnover: 0.24
GF Value™: £0.62 vs. price of £0.64 (3.2% above fair value)
No single metric tells the full story. See the LSE:DNA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Doric Nimrod Air Three Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The company is engaged in a single business segment which is acquiring, leasing, and then selling aircraft. The company has four Airbus A380 aircraft, which it is leasing to Emirates Airline.
24GF Score
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