VNE SpA (MIL:VNE) Asset Turnover: 0.29 (As of Dec. 2025)


MIL:VNE VNE SpA MIL:VNE
33 GF Score
Price €2.40
GF Value €3.72
Valuation Possible Value Trap
! 2 Warning Signs
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What is VNE SpA Asset Turnover?

VNE SpA MIL:VNE 33 Asset Turnover is 0.29 as of Dec. 2025. GuruFocus rates MIL:VNE with a GF Score™ of 33/100 and a GF Value™ of €3.72 (Possible Value Trap). The stock has 2 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. VNE SpA's Revenue for the six months ended in Dec. 2025 was €9.02 Mil. VNE SpA's Total Assets for the quarter that ended in Dec. 2025 was €31.17 Mil. Therefore, VNE SpA's Asset Turnover for the quarter that ended in Dec. 2025 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. VNE SpA's annualized ROE % for the quarter that ended in Dec. 2025 was -0.16%. It is also linked to ROA % through Du Pont Formula. VNE SpA's annualized ROA % for the quarter that ended in Dec. 2025 was -0.08%.

VNE SpA  (MIL:VNE) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-0.026/15.868
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.026 / 18.03)*(18.03 / 31.173)*(31.173/ 15.868)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.14 %*0.5784*1.9645
=ROA %*Equity Multiplier
=-0.08 %*1.9645
=-0.16 %

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:

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

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-0.026/31.173
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.026 / 18.03)*(18.03 / 31.173)
=Net Margin %*Asset Turnover
=-0.14 %*0.5784
=-0.08 %

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.

VNE SpA Asset Turnover Related Terms

VNE SpA Asset Turnover Historical Data

* Premium members only.

The historical data trend for VNE 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.

VNE SpA Asset Turnover Chart

VNE SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
0.52 0.62 0.45 0.51 0.58

VNE SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Asset Turnover Get a 7-Day Free Trial 0.24 0.25 0.26 0.28 0.29

MIL:VNE vs GEV, ETN, PH: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, VNE 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.

VNE SpA Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, VNE SpA's Asset Turnover distribution charts can be found below:

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


MIL:VNE
33GF Score
VNE SpA MIL:VNE
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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VNE SpA Asset Turnover Calculation

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

VNE 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 )
=17.337/( (28.535+30.96)/ 2 )
=17.337/29.7475
=0.58

VNE 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 )
=9.015/( (31.386+30.96)/ 2 )
=9.015/31.173
=0.29

* 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 0.29 mean?
VNE SpA (MIL:VNE) has a Asset Turnover of 0.29 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on VNE SpA and its competitors.
Is VNE SpA's Asset Turnover too high?
VNE SpA's current Asset Turnover is 0.29. Overall, VNE SpA has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Asset Turnover compare to GEV and ETN?
VNE SpA's Asset Turnover of 0.29 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 VNE SpA and its competitors. VNE SpA's current Asset Turnover is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Possible Value Trap. The stock's GF Value™ is €3.72, compared to a current price of €2.40 — trading 35.5% below its estimated fair value. The current Asset Turnover is 0.29. VNE SpA's overall GF Score™ is 33/100 with 2 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 VNE SpA (MIL:VNE), the current Asset Turnover is 0.29 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.

Is VNE SpA (MIL:VNE) Overvalued in 2026?

Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued. The current stock price of €2.40 is trading 35.5% below its estimated GF Value™ of €3.72. GuruFocus considers VNE SpA to be Possible Value Trap.

Key valuation signals for MIL:VNE:

  • Asset Turnover: 0.29
  • GF Value™: €3.72 vs. price of €2.40 (35.5% below fair value)
  • GF Score™: 33/100 with 2 warning signs

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

VNE SpA Business Description

Address Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
33GF Score

Get the complete analysis for MIL:VNE

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

€2.40
Price
€3.72
GF Value