Elastic NV (MEX:ESTCN) Asset Turnover: 0.16 (As of Apr. 2026)

What is Elastic NV Asset Turnover?

Elastic NV MEX:ESTCN 72 Asset Turnover is 0.16 as of Apr. 2026. GuruFocus rates MEX:ESTCN with a GF Score™ of 72/100 and a GF Value™ of MXN1,970.78 (Significantly Undervalued). The stock has 3 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. Elastic NV's Revenue for the three months ended in Apr. 2026 was MXN7,894 Mil. Elastic NV's Total Assets for the quarter that ended in Apr. 2026 was MXN48,764 Mil. Therefore, Elastic NV's Asset Turnover for the quarter that ended in Apr. 2026 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Elastic NV's annualized ROE % for the quarter that ended in Apr. 2026 was 169.28%. It is also linked to ROA % through Du Pont Formula. Elastic NV's annualized ROA % for the quarter that ended in Apr. 2026 was 62.63%.

Elastic NV (MEX:ESTCN) Asset Turnover Explanation

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

Elastic NV's annulized ROE % for the quarter that ended in Apr. 2026 is

	ROE %^**		(Q: Apr. 2026 )
=	Net Income	/	Total Stockholders Equity
=	30541.072	/	18041.221
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(30541.072 / 31576.692)	*	(31576.692 / 48763.6905)	*	(48763.6905/ 18041.221)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	96.72 %	*	0.6475	*	2.7029
=	ROA %	*	Equity Multiplier
=	62.63 %	*	2.7029
=	169.28 %

Note: The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 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:

Elastic NV's annulized ROA % for the quarter that ended in Apr. 2026 is

	ROA %		(Q: Apr. 2026 )
=	Net Income	/	Total Assets
=	30541.072	/	48763.6905
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(30541.072 / 31576.692)	*	(31576.692 / 48763.6905)
=	Net Margin %	*	Asset Turnover
=	96.72 %	*	0.6475
=	62.63 %

Note: The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data.

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.

Elastic NV Asset Turnover Related Terms

Elastic NV Asset Turnover Historical Data

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The historical data trend for Elastic NV's Asset Turnover can be seen below:

Elastic NV Asset Turnover Chart

Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

Asset Turnover

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0.66

0.59

0.62

0.65

0.58

Elastic NV Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Asset Turnover	Get a 7-Day Free Trial															0.15	0.16	0.17	0.18	0.16

MEX:ESTCN vs TTAN, IDCC, PAYC: Asset Turnover Comparison

For the Software - Application subindustry, Elastic NV'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.

Elastic NV Asset Turnover vs Software Industry

For the Software industry and Technology sector, Elastic NV's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Elastic NV's Asset Turnover falls into.

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72GF Score

Elastic NV MEX:ESTCN

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Elastic NV Asset Turnover Calculation

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

Elastic NV's Asset Turnover for the fiscal year that ended in Apr. 2026 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Apr. 2026 )	/	( (Total Assets (A: Apr. 2025 )	+	Total Assets (A: Apr. 2026 ))	/ count )
=	30466.296	/	( (50797.62	+	55222.588)	/ 2 )
=	30466.296	/	53010.104
=	0.57

Elastic NV's Asset Turnover for the quarter that ended in Apr. 2026 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Apr. 2026 )	/	( (Total Assets (Q: Jan. 2026 )	+	Total Assets (Q: Apr. 2026 ))	/ count )
=	7894.173	/	( (42304.793	+	55222.588)	/ 2 )
=	7894.173	/	48763.6905
=	0.16

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 0.16 mean?

Elastic NV (MEX:ESTCN) has a Asset Turnover of 0.16 as of Apr. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Elastic NV and its competitors.

Is Elastic NV's Asset Turnover too high?

Elastic NV's current Asset Turnover is 0.16. Overall, Elastic NV has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Elastic NV's Asset Turnover compare to TTAN and IDCC?

Elastic NV's Asset Turnover of 0.16 can be compared against companies in the Software 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 Software company?

A good Asset Turnover depends on the Software 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 Elastic NV and its competitors. Elastic NV's current Asset Turnover is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Elastic NV stock overvalued right now?

Based on GuruFocus' analysis, Elastic NV (MEX:ESTCN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,970.78, compared to a current price of MXN1,021.21 — trading 48.2% below its estimated fair value. The current Asset Turnover is 0.16. Elastic NV's overall GF Score™ is 72/100 with 3 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 Elastic NV (MEX:ESTCN), the current Asset Turnover is 0.16 as of Apr. 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 Elastic NV (MEX:ESTCN) Overvalued in 2026?

Based on GuruFocus' analysis, Elastic NV stock appears to be undervalued. The current stock price of MXN1,021.21 is trading 48.2% below its estimated GF Value™ of MXN1,970.78. GuruFocus considers Elastic NV to be Significantly Undervalued.

Key valuation signals for MEX:ESTCN:

Asset Turnover: 0.16
GF Value™: MXN1,970.78 vs. price of MXN1,021.21 (48.2% below fair value)
GF Score™: 72/100 with 3 warning signs

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

Elastic NV Business Description

Industry Technology Software

Comparable Companies TTAN IDCC PAYC CHYM CWAN PCTY PCOR PEGA APPF YOU XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges ESTC:USA 3E1:Germany E2ST34:Brazil

Address Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website https://www.elastic.co

Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.

72GF Score

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MXN1,021.21

Price

MXN1,970.78

GF Value

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