Games Workshop Group (LSE:GAW) Asset Turnover: 0.82 (As of Nov. 2025)


LSE:GAW Games Workshop Group PLC LSE:GAW
95 GF Score
Price £219.20
GF Value £147.23
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Games Workshop Group Asset Turnover?

Games Workshop Group LSE:GAW -0.09% 95 Asset Turnover is 0.82 as of Nov. 2025. GuruFocus rates LSE:GAW with a GF Score™ of 95/100 and a GF Value™ of £147.23 (Significantly Overvalued). 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. Games Workshop Group's Revenue for the six months ended in Nov. 2025 was £332.1 Mil. Games Workshop Group's Total Assets for the quarter that ended in Nov. 2025 was £407.7 Mil. Therefore, Games Workshop Group's Asset Turnover for the quarter that ended in Nov. 2025 was 0.82.

Asset Turnover is linked to ROE % through Du Pont Formula. Games Workshop Group's annualized ROE % for the quarter that ended in Nov. 2025 was 70.33%. It is also linked to ROA % through Du Pont Formula. Games Workshop Group's annualized ROA % for the quarter that ended in Nov. 2025 was 51.76%.

Games Workshop Group  (LSE:GAW) Asset Turnover Explanation

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

Games Workshop Group's annulized ROE % for the quarter that ended in Nov. 2025 is

ROE %**(Q: Nov. 2025 )
=Net Income/Total Stockholders Equity
=211/300
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(211 / 664.2)*(664.2 / 407.65)*(407.65/ 300)
=Net Margin %*Asset Turnover*Equity Multiplier
=31.77 %*1.6293*1.3588
=ROA %*Equity Multiplier
=51.76 %*1.3588
=70.33 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 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:

Games Workshop Group's annulized ROA % for the quarter that ended in Nov. 2025 is

ROA %(Q: Nov. 2025 )
=Net Income/Total Assets
=211/407.65
=(Net Income / Revenue)*(Revenue / Total Assets)
=(211 / 664.2)*(664.2 / 407.65)
=Net Margin %*Asset Turnover
=31.77 %*1.6293
=51.76 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 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.

Games Workshop Group Asset Turnover Related Terms

Games Workshop Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for Games Workshop Group'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.

Games Workshop Group Asset Turnover Chart

Games Workshop Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.38 1.45 1.55 1.68

Games Workshop Group Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 0.73 0.79 0.80 0.82 0.82

LSE:GAW vs AS, HAS, LTH: Asset Turnover Comparison

For the Leisure subindustry, Games Workshop Group'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.

Games Workshop Group Asset Turnover vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Games Workshop Group's Asset Turnover falls into.


LSE:GAW
95GF Score
Games Workshop Group PLC LSE:GAW
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Games Workshop Group Asset Turnover Calculation

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

Games Workshop Group's Asset Turnover for the fiscal year that ended in May. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2025 )/( (Total Assets (A: May. 2024 )+Total Assets (A: May. 2025 ))/ count )
=617.5/( (351.3+383)/ 2 )
=617.5/367.15
=1.68

Games Workshop Group's Asset Turnover for the quarter that ended in Nov. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Nov. 2025 )/( (Total Assets (Q: May. 2025 )+Total Assets (Q: Nov. 2025 ))/ count )
=332.1/( (383+432.3)/ 2 )
=332.1/407.65
=0.81

* 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 0.82 mean?
Games Workshop Group (LSE:GAW) has a Asset Turnover of 0.82 as of Nov. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Games Workshop Group and its competitors.
Is Games Workshop Group's Asset Turnover too high?
Games Workshop Group's current Asset Turnover is 0.82. Overall, Games Workshop Group has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Games Workshop Group's Asset Turnover compare to AS and HAS?
Games Workshop Group's Asset Turnover of 0.82 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Asset Turnover depends on the Travel & Leisure 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 Games Workshop Group and its competitors. Games Workshop Group's current Asset Turnover is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Workshop Group stock overvalued right now?
Based on GuruFocus' analysis, Games Workshop Group (LSE:GAW) is currently considered Significantly Overvalued. The stock's GF Value™ is £147.23, compared to a current price of £219.20 — trading 48.9% above its estimated fair value. The current Asset Turnover is 0.82. Games Workshop Group's overall GF Score™ is 95/100 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 Games Workshop Group (LSE:GAW), the current Asset Turnover is 0.82 as of Nov. 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 Games Workshop Group (LSE:GAW) Overvalued in 2026?

Based on GuruFocus' analysis, Games Workshop Group stock appears to be overvalued. The current stock price of £219.20 is trading 48.9% above its estimated GF Value™ of £147.23. GuruFocus considers Games Workshop Group to be Significantly Overvalued.

Key valuation signals for LSE:GAW:

  • Asset Turnover: 0.82
  • GF Value™: £147.23 vs. price of £219.20 (48.9% above fair value)
  • GF Score™: 95/100 with 5 warning signs

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

Games Workshop Group Business Description

Address Willow Road, Lenton, Nottingham, GBR, NG7 2WS
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.
95GF Score

Get the complete analysis for LSE:GAW

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

£219.20
Price
£147.23
GF Value