Adventure SpA (MIL:ADV) Asset Turnover: 0.37 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:ADV Adventure SpA MIL:ADV
15 GF Score
Price €12.00
! 6 Warning Signs
View Full Analysis

What is Adventure SpA Asset Turnover?

Adventure SpA MIL:ADV +23.08% 15 Asset Turnover is 0.37 as of Dec. 2025. GuruFocus rates MIL:ADV with a GF Score™ of 15/100. 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. Adventure SpA's Revenue for the six months ended in Dec. 2025 was €8.52 Mil. Adventure SpA's Total Assets for the quarter that ended in Dec. 2025 was €23.08 Mil. Therefore, Adventure SpA's Asset Turnover for the quarter that ended in Dec. 2025 was 0.37.

Asset Turnover is linked to ROE % through Du Pont Formula. Adventure SpA's annualized ROE % for the quarter that ended in Dec. 2025 was -5.04%. It is also linked to ROA % through Du Pont Formula. Adventure SpA's annualized ROA % for the quarter that ended in Dec. 2025 was -1.72%.


Adventure SpA  (MIL:ADV) Asset Turnover Explanation

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

Adventure SpA's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-0.396/7.8505
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.396 / 17.038)*(17.038 / 23.079)*(23.079/ 7.8505)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.32 %*0.7382*2.9398
=ROA %*Equity Multiplier
=-1.72 %*2.9398
=-5.04 %

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

Adventure SpA's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-0.396/23.079
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.396 / 17.038)*(17.038 / 23.079)
=Net Margin %*Asset Turnover
=-2.32 %*0.7382
=-1.72 %

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


Adventure SpA Asset Turnover Related Terms


Adventure SpA Asset Turnover Historical Data

* Premium members only.

The historical data trend for Adventure SpA'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.

Adventure SpA Asset Turnover Chart

Adventure SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Asset Turnover
1.25 2.13 1.39 0.94

Adventure SpA Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Asset Turnover Get a 7-Day Free Trial 0.00 1.06 0.51 0.51 0.37

MIL:ADV vs UBER, SHOP, CRM: Asset Turnover Comparison

For the Software - Application subindustry, Adventure SpA'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.


Adventure SpA Asset Turnover vs Software Industry

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

* The bar in red indicates where Adventure SpA's Asset Turnover falls into.


MIL:ADV
15GF Score
Adventure SpA MIL:ADV
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adventure SpA Asset Turnover Calculation

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

Adventure SpA'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 )
=16.706/( (10.843+24.57)/ 2 )
=16.706/17.7065
=0.94

Adventure SpA's Asset Turnover for the quarter that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=8.519/( (21.588+24.57)/ 2 )
=8.519/23.079
=0.37

* 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 0.37 mean?
Adventure SpA (MIL:ADV) has a Asset Turnover of 0.37 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Adventure SpA and its competitors.
Is Adventure SpA's Asset Turnover too high?
Adventure SpA's current Asset Turnover is 0.37. Overall, Adventure SpA has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's Asset Turnover compare to UBER and SHOP?
Adventure SpA's Asset Turnover of 0.37 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 Adventure SpA and its competitors. Adventure SpA's current Asset Turnover is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current Asset Turnover of 0.37. The current Asset Turnover is 0.37. Adventure SpA's overall GF Score™ is 15/100 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 Adventure SpA (MIL:ADV), the current Asset Turnover is 0.37 as of Dec. 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.

Adventure SpA Business Description

Address Via Bertola 2, Torino, ITA, IT-10121
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
15GF Score

Get the complete analysis for MIL:ADV

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

€12.00
Price