Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Nordex SE's Revenue for the
three
months ended in Mar. 2026 was $1,835 Mil. Nordex SE's Total Assets for the quarter that ended in Mar. 2026 was $7,945 Mil. Therefore, Nordex SE's Asset Turnover for the quarter that ended in Mar. 2026 was 0.23.
Asset Turnover is linked to ROE % through Du Pont Formula. Nordex SE's annualizedROE % for the quarter that ended in Mar. 2026 was 16.38%. It is also linked to ROA % through Du Pont Formula. Nordex SE's annualizedROA % for the quarter that ended in Mar. 2026 was 3.13%.
Nordex SE (OTCPK:NRDXF) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Nordex SE's annulizedROE % for the quarter that ended in Mar. 2026 is
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:
Nordex SE's annulizedROA % for the quarter that ended in Mar. 2026 is
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.
Nordex SE Asset Turnover Related Terms
Nordex SE Asset Turnover Historical Data
* Premium members only.
The historical data trend for Nordex SE'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.
For the Specialty Industrial Machinery subindustry, Nordex SE'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.
Nordex SE Asset Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nordex SE's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Nordex SE'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.
Nordex SE (NRDXF) has a Asset Turnover of 0.23 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Nordex SE and its competitors.
Is Nordex SE's Asset Turnover too high?
Nordex SE's current Asset Turnover is 0.23. Overall, Nordex SE has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordex SE's Asset Turnover compare to GEV and ETN?
Nordex SE's Asset Turnover of 0.23 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 Nordex SE and its competitors. Nordex SE's current Asset Turnover is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordex SE stock overvalued right now?
Based on GuruFocus' analysis, Nordex SE (NRDXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.55, compared to a current price of $50.60 — trading 205.7% above its estimated fair value. The current Asset Turnover is 0.23. Nordex SE's overall GF Score™ is 58/100 with 8 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 Nordex SE (NRDXF), the current Asset Turnover is 0.23 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 Nordex SE (NRDXF) Overvalued in 2026?
Based on GuruFocus' analysis, Nordex SE stock appears to be overvalued.
The current stock price of $50.60 is trading 205.7% above its estimated GF Value™ of $16.55.
GuruFocus considers Nordex SE to be Significantly Overvalued.
Key valuation signals for NRDXF:
Asset Turnover: 0.23
GF Value™: $16.55 vs. price of $50.60 (205.7% above fair value)
No single metric tells the full story. See the NRDXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The Projects segment includes all activities associated with the development, production, assembly, and commissioning of wind turbines, including project development. The Services segment provides services and products for turbines, which have been handed over to the customer, such as maintenance, remote monitoring of wind farms, repairs, technical and efficiency enhancements for existing turbines. The majority of the company's revenue is generated from the Projects segment. Geographically, it operates across different markets in Europe, North America, Latin America, and the Rest of the World.
58GF Score
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