Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Shinwa Co's Revenue for the
six
months ended in Mar. 2026 was 円10,236 Mil. Shinwa Co's Total Assets for the quarter that ended in Mar. 2026 was 円31,629 Mil. Therefore, Shinwa Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.32.
Asset Turnover is linked to ROE % through Du Pont Formula. Shinwa Co's annualizedROE % for the quarter that ended in Mar. 2026 was 10.11%. It is also linked to ROA % through Du Pont Formula. Shinwa Co's annualizedROA % for the quarter that ended in Mar. 2026 was 5.30%.
Shinwa Co (NGO:3447) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Shinwa Co's annulizedROE % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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:
Shinwa Co's annulizedROA % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
Shinwa Co Asset Turnover Related Terms
Shinwa Co Asset Turnover Historical Data
* Premium members only.
The historical data trend for Shinwa Co'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.
NGO:3447 vs CRS, ATI, MLI: Asset Turnover Comparison
For the Metal Fabrication subindustry, Shinwa Co'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.
Shinwa Co Asset Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shinwa Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Shinwa Co's Asset Turnover falls into.
* 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.
Shinwa Co (NGO:3447) has a Asset Turnover of 0.32 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shinwa Co and its competitors.
Is Shinwa Co's Asset Turnover too high?
Shinwa Co's current Asset Turnover is 0.32. Overall, Shinwa Co has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's Asset Turnover compare to CRS and ATI?
Shinwa Co's Asset Turnover of 0.32 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 Shinwa Co and its competitors. Shinwa Co's current Asset Turnover is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current Asset Turnover of 0.32. The stock's GF Value™ is 円1,038.52, compared to a current price of 円886.00 — trading 14.7% below its estimated fair value. The current Asset Turnover is 0.32. Shinwa Co's overall GF Score™ is 77/100 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 Shinwa Co (NGO:3447), the current Asset Turnover is 0.32 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 Shinwa Co (NGO:3447) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued.
The current stock price of 円886.00 is trading 14.7% below its estimated GF Value™ of 円1,038.52.
Key valuation signals for NGO:3447:
Asset Turnover: 0.32
GF Value™: 円1,038.52 vs. price of 円886.00 (14.7% below fair value)
No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
77GF Score
Get the complete analysis for NGO:3447
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:3447 has been successfully added to your 
