TCM Group AS (OCSE:TCM) Asset Turnover: 0.26 (As of Mar. 2026)


OCSE:TCM TCM Group AS OCSE:TCM
87 GF Score
Price kr69.40
GF Value kr73.39
Valuation Fairly Valued
! 4 Warning Signs
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What is TCM Group AS Asset Turnover?

TCM Group AS OCSE:TCM 87 Asset Turnover is 0.26 as of Mar. 2026. GuruFocus rates OCSE:TCM with a GF Score™ of 87/100 and a GF Value™ of kr73.39 (Fairly Valued). The stock has 4 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. TCM Group AS's Revenue for the three months ended in Mar. 2026 was kr362 Mil. TCM Group AS's Total Assets for the quarter that ended in Mar. 2026 was kr1,394 Mil. Therefore, TCM Group AS's Asset Turnover for the quarter that ended in Mar. 2026 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. TCM Group AS's annualized ROE % for the quarter that ended in Mar. 2026 was 9.43%. It is also linked to ROA % through Du Pont Formula. TCM Group AS's annualized ROA % for the quarter that ended in Mar. 2026 was 4.30%.

TCM Group AS  (OCSE:TCM) Asset Turnover Explanation

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

TCM Group AS's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=60/636.0235
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(60 / 1449.6)*(1449.6 / 1394.4365)*(1394.4365/ 636.0235)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.14 %*1.0396*2.1924
=ROA %*Equity Multiplier
=4.30 %*2.1924
=9.43 %

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:

TCM Group AS's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=60/1394.4365
=(Net Income / Revenue)*(Revenue / Total Assets)
=(60 / 1449.6)*(1449.6 / 1394.4365)
=Net Margin %*Asset Turnover
=4.14 %*1.0396
=4.30 %

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.

TCM Group AS Asset Turnover Related Terms

TCM Group AS Asset Turnover Historical Data

* Premium members only.

The historical data trend for TCM Group AS'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.

TCM Group AS Asset Turnover Chart

TCM Group AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 1.22 1.00 1.00 0.99

TCM Group AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.25 0.28 0.23 0.25 0.26

OCSE:TCM vs SN, SGI, MHK: Asset Turnover Comparison

For the Furnishings, Fixtures & Appliances subindustry, TCM Group AS'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.

TCM Group AS Asset Turnover vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where TCM Group AS's Asset Turnover falls into.


OCSE:TCM
87GF Score
TCM Group AS OCSE:TCM
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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TCM Group AS Asset Turnover Calculation

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

TCM Group AS'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 )
=1279.197/( (1206.544+1381.273)/ 2 )
=1279.197/1293.9085
=0.99

TCM Group AS's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=362.4/( (1381.273+1407.6)/ 2 )
=362.4/1394.4365
=0.26

* 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 0.26 mean?
TCM Group AS (OCSE:TCM) has a Asset Turnover of 0.26 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on TCM Group AS and its competitors.
Is TCM Group AS's Asset Turnover too high?
TCM Group AS's current Asset Turnover is 0.26. Overall, TCM Group AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCM Group AS's Asset Turnover compare to SN and SGI?
TCM Group AS's Asset Turnover of 0.26 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Asset Turnover depends on the Furnishings, Fixtures & Appliances 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 TCM Group AS and its competitors. TCM Group AS's current Asset Turnover is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM Group AS stock overvalued right now?
Based on GuruFocus' analysis, TCM Group AS (OCSE:TCM) is currently considered Fairly Valued. The stock's GF Value™ is kr73.39, compared to a current price of kr69.40 — trading 5.4% below its estimated fair value. The current Asset Turnover is 0.26. TCM Group AS's overall GF Score™ is 87/100 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 TCM Group AS (OCSE:TCM), the current Asset Turnover is 0.26 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 TCM Group AS (OCSE:TCM) Overvalued in 2026?

Based on GuruFocus' analysis, TCM Group AS stock appears to be undervalued. The current stock price of kr69.40 is trading 5.4% below its estimated GF Value™ of kr73.39. GuruFocus considers TCM Group AS to be Fairly Valued.

Key valuation signals for OCSE:TCM:

  • Asset Turnover: 0.26
  • GF Value™: kr73.39 vs. price of kr69.40 (5.4% below fair value)
  • GF Score™: 87/100 with 4 warning signs

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

TCM Group AS Business Description

Other Exchanges 0CUN:UK
Address Skautrupvej 16, Tvis, Holstebro, DNK, 7500
TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private-label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.
87GF Score

Get the complete analysis for OCSE:TCM

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

kr69.40
Price
kr73.39
GF Value