Kenya Airways (NAI:KQ) Asset Turnover: 0.00 (As of Dec. 2025)


NAI:KQ Kenya Airways Plc NAI:KQ
63 GF Score
Price KES5.70
GF Value KES3.71
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Kenya Airways Asset Turnover?

Kenya Airways NAI:KQ -2.40% 63 Asset Turnover is 0.00 as of Dec. 2025. GuruFocus rates NAI:KQ with a GF Score™ of 63/100 and a GF Value™ of KES3.71 (Significantly Overvalued). The stock has 7 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. Kenya Airways's Revenue for the six months ended in Dec. 2025 was KES0 Mil. Kenya Airways's Total Assets for the quarter that ended in Dec. 2025 was KES181,166 Mil. Therefore, Kenya Airways's Asset Turnover for the quarter that ended in Dec. 2025 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Kenya Airways's annualized ROE % for the quarter that ended in Dec. 2025 was 0.00%. It is also linked to ROA % through Du Pont Formula. Kenya Airways's annualized ROA % for the quarter that ended in Dec. 2025 was 0.00%.


Kenya Airways  (NAI:KQ) Asset Turnover Explanation

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

Kenya Airways's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=0/-125134.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0 / 0)*(0 / 181166)*(181166/ -125134.5)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-1.4478
=ROA %*Equity Multiplier
=0.00 %*-1.4478
=0.00 %

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:

Kenya Airways's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=0/181166
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 181166)
=Net Margin %*Asset Turnover
= %*0
=0.00 %

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.


Kenya Airways Asset Turnover Related Terms


Kenya Airways Asset Turnover Historical Data

* Premium members only.

The historical data trend for Kenya Airways'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.

Kenya Airways Asset Turnover Chart

Kenya Airways Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.69 1.00 1.05 0.89

Kenya Airways Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Dec25
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 0.44 0.58 0.52 0.54 0.00

NAI:KQ vs DAL, UAL, LUV: Asset Turnover Comparison

For the Airlines subindustry, Kenya Airways'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.


Kenya Airways Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Kenya Airways's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Kenya Airways's Asset Turnover falls into.


NAI:KQ
63GF Score
Kenya Airways Plc NAI:KQ
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Kenya Airways Asset Turnover Calculation

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

Kenya Airways'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 )
=160698/( (179104+183228)/ 2 )
=160698/181166
=0.89

Kenya Airways'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: Dec. 2024 )+Total Assets (Q: Dec. 2025 ))/ count )
=0/( (179104+183228)/ 2 )
=0/181166
=0.00

* 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 0.00 mean?
Kenya Airways (NAI:KQ) has a Asset Turnover of 0.00 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Kenya Airways and its competitors.
Is Kenya Airways' Asset Turnover too high?
Kenya Airways' current Asset Turnover is 0.00. Overall, Kenya Airways has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenya Airways' Asset Turnover compare to DAL and UAL?
Kenya Airways' Asset Turnover of 0.00 can be compared against companies in the Transportation 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 Transportation company?
A good Asset Turnover depends on the Transportation 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 Kenya Airways and its competitors. Kenya Airways's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenya Airways stock overvalued right now?
Based on GuruFocus' analysis, Kenya Airways (NAI:KQ) is currently considered Significantly Overvalued. The stock's GF Value™ is KES3.71, compared to a current price of KES5.70 — trading 53.6% above its estimated fair value. The current Asset Turnover is 0.00. Kenya Airways' overall GF Score™ is 63/100 with 7 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 Kenya Airways (NAI:KQ), the current Asset Turnover is 0.00 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 Kenya Airways (NAI:KQ) Overvalued in 2026?

Based on GuruFocus' analysis, Kenya Airways stock appears to be overvalued. The current stock price of KES5.70 is trading 53.6% above its estimated GF Value™ of KES3.71. GuruFocus considers Kenya Airways to be Significantly Overvalued.

Key valuation signals for NAI:KQ:

  • Asset Turnover: 0.00
  • GF Value™: KES3.71 vs. price of KES5.70 (53.6% above fair value)
  • GF Score™: 63/100 with 7 warning signs

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


Kenya Airways Business Description

Address Airport North Road, P.O Box 19002, Embakasi, Nairobi, KEN, 00501
Kenya Airways Plc is engaged in the international, regional, and domestic carriage of passengers and cargo by air, the provision of ground handling services to other airlines, and the handling of import and export cargo. The company's segments include passengers, freight, mail, handling, and others. It operates domestic flights and flies to Africa, the Middle East, Asia, America, and Europe. The company is engaged in four business segments: Passenger, Freight and Mail, Handling, and Other revenue. Key revenue is generated from the Passenger segment.
63GF Score

Get the complete analysis for NAI:KQ

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

KES5.70
Price
KES3.71
GF Value