Nokia Oyj (MEX:NOKN) Asset Turnover: 0.12 (As of Mar. 2026)


MEX:NOKN Nokia Oyj MEX:NOKN
47 GF Score
Price MXN224.80
GF Value MXN84.28
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nokia Oyj Asset Turnover?

Nokia Oyj MEX:NOKN -7.87% 47 Asset Turnover is 0.12 as of Mar. 2026. GuruFocus rates MEX:NOKN with a GF Score™ of 47/100 and a GF Value™ of MXN84.28 (Significantly Overvalued). The stock has 4 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. Nokia Oyj's Revenue for the three months ended in Mar. 2026 was MXN93,749 Mil. Nokia Oyj's Total Assets for the quarter that ended in Mar. 2026 was MXN784,998 Mil. Therefore, Nokia Oyj's Asset Turnover for the quarter that ended in Mar. 2026 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Nokia Oyj's annualized ROE % for the quarter that ended in Mar. 2026 was 1.62%. It is also linked to ROA % through Du Pont Formula. Nokia Oyj's annualized ROA % for the quarter that ended in Mar. 2026 was 0.91%.

Nokia Oyj  (MEX:NOKN) Asset Turnover Explanation

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

Nokia Oyj's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=7171.384/441814.3765
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7171.384 / 374996.772)*(374996.772 / 784998.3725)*(784998.3725/ 441814.3765)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.91 %*0.4777*1.7768
=ROA %*Equity Multiplier
=0.91 %*1.7768
=1.62 %

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:

Nokia Oyj's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=7171.384/784998.3725
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7171.384 / 374996.772)*(374996.772 / 784998.3725)
=Net Margin %*Asset Turnover
=1.91 %*0.4777
=0.91 %

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.

Nokia Oyj Asset Turnover Related Terms

Nokia Oyj Asset Turnover Historical Data

* Premium members only.

The historical data trend for Nokia Oyj'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.

Nokia Oyj Asset Turnover Chart

Nokia Oyj 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 0.57 0.54 0.48 0.53 0.51

Nokia Oyj 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 0.11 0.12 0.13 0.17 0.12

MEX:NOKN vs CSCO, CIEN, MSI: Asset Turnover Comparison

For the Communication Equipment subindustry, Nokia Oyj'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.

Nokia Oyj Asset Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Asset Turnover falls into.


MEX:NOKN
47GF Score
Nokia Oyj MEX:NOKN
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Nokia Oyj Asset Turnover Calculation

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

Nokia Oyj'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 )
=419338.838/( (854952.669+792693.563)/ 2 )
=419338.838/823823.116
=0.51

Nokia Oyj'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 )
=93749.193/( (792693.563+777303.182)/ 2 )
=93749.193/784998.3725
=0.12

* 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 0.12 mean?
Nokia Oyj (MEX:NOKN) has a Asset Turnover of 0.12 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Nokia Oyj and its competitors.
Is Nokia Oyj's Asset Turnover too high?
Nokia Oyj's current Asset Turnover is 0.12. Overall, Nokia Oyj has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Asset Turnover compare to CSCO and CIEN?
Nokia Oyj's Asset Turnover of 0.12 can be compared against companies in the Hardware 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 Hardware company?
A good Asset Turnover depends on the Hardware 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 Nokia Oyj and its competitors. Nokia Oyj's current Asset Turnover is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (MEX:NOKN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN84.28, compared to a current price of MXN224.80 — trading 166.7% above its estimated fair value. The current Asset Turnover is 0.12. Nokia Oyj's overall GF Score™ is 47/100 with 4 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 Nokia Oyj (MEX:NOKN), the current Asset Turnover is 0.12 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 Nokia Oyj (MEX:NOKN) Overvalued in 2026?

Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued. The current stock price of MXN224.80 is trading 166.7% above its estimated GF Value™ of MXN84.28. GuruFocus considers Nokia Oyj to be Significantly Overvalued.

Key valuation signals for MEX:NOKN:

  • Asset Turnover: 0.12
  • GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
  • GF Score™: 47/100 with 4 warning signs

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

Nokia Oyj Business Description

Address Karakaari 7, Espoo, FIN, 02610
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
47GF Score

Get the complete analysis for MEX:NOKN

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

MXN224.80
Price
MXN84.28
GF Value