Tivoli AS (OCSE:TIV) Asset Turnover: 0.04 (As of Mar. 2026)


OCSE:TIV Tivoli AS OCSE:TIV
80 GF Score
Price kr628.00
GF Value kr739.89
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Tivoli AS Asset Turnover?

Tivoli AS OCSE:TIV +0.64% 80 Asset Turnover is 0.04 as of Mar. 2026. GuruFocus rates OCSE:TIV with a GF Score™ of 80/100 and a GF Value™ of kr739.89 (Modestly Undervalued). The stock has 1 warning sign 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. Tivoli AS's Revenue for the three months ended in Mar. 2026 was kr81 Mil. Tivoli AS's Total Assets for the quarter that ended in Mar. 2026 was kr1,870 Mil. Therefore, Tivoli AS's Asset Turnover for the quarter that ended in Mar. 2026 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Tivoli AS's annualized ROE % for the quarter that ended in Mar. 2026 was -35.86%. It is also linked to ROA % through Du Pont Formula. Tivoli AS's annualized ROA % for the quarter that ended in Mar. 2026 was -22.78%.


Tivoli AS  (OCSE:TIV) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-426/1187.8
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-426 / 325.6)*(325.6 / 1869.8)*(1869.8/ 1187.8)
=Net Margin %*Asset Turnover*Equity Multiplier
=-130.84 %*0.1741*1.5742
=ROA %*Equity Multiplier
=-22.78 %*1.5742
=-35.86 %

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:

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

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-426/1869.8
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-426 / 325.6)*(325.6 / 1869.8)
=Net Margin %*Asset Turnover
=-130.84 %*0.1741
=-22.78 %

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.


Tivoli AS Asset Turnover Related Terms


Tivoli AS Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tivoli 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.

Tivoli AS Asset Turnover Chart

Tivoli 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 0.43 0.70 0.72 0.76 0.74

Tivoli 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 0.04 0.21 0.24 0.25 0.04

OCSE:TIV vs AS, HAS, LTH: Asset Turnover Comparison

For the Leisure subindustry, Tivoli 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.


Tivoli AS Asset Turnover vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tivoli AS's Asset Turnover distribution charts can be found below:

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


OCSE:TIV
80GF Score
Tivoli AS OCSE:TIV
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Tivoli AS Asset Turnover Calculation

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

Tivoli 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 )
=1344.7/( (1792.7+1864.4)/ 2 )
=1344.7/1828.55
=0.74

Tivoli 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 )
=81.4/( (1864.4+1875.2)/ 2 )
=81.4/1869.8
=0.04

* 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 0.04 mean?
Tivoli AS (OCSE:TIV) has a Asset Turnover of 0.04 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tivoli AS and its competitors.
Is Tivoli AS's Asset Turnover too high?
Tivoli AS's current Asset Turnover is 0.04. Overall, Tivoli AS has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tivoli AS's Asset Turnover compare to AS and HAS?
Tivoli AS's Asset Turnover of 0.04 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Asset Turnover depends on the Travel & Leisure 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 Tivoli AS and its competitors. Tivoli AS's current Asset Turnover is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tivoli AS stock overvalued right now?
Based on GuruFocus' analysis, Tivoli AS (OCSE:TIV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr739.89, compared to a current price of kr628.00 — trading 15.1% below its estimated fair value. The current Asset Turnover is 0.04. Tivoli AS's overall GF Score™ is 80/100 with 1 warning sign 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 Tivoli AS (OCSE:TIV), the current Asset Turnover is 0.04 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 Tivoli AS (OCSE:TIV) Overvalued in 2026?

Based on GuruFocus' analysis, Tivoli AS stock appears to be undervalued. The current stock price of kr628.00 is trading 15.1% below its estimated GF Value™ of kr739.89. GuruFocus considers Tivoli AS to be Modestly Undervalued.

Key valuation signals for OCSE:TIV:

  • Asset Turnover: 0.04
  • GF Value™: kr739.89 vs. price of kr628.00 (15.1% below fair value)
  • GF Score™: 80/100 with 1 warning sign

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


Tivoli AS Business Description

Address Vesterbrogade 3, Copenhagen, DNK, 1630
Tivoli AS operates Tivoli amusement park, located in central Copenhagen. It provides services like rides, music, entertainment, food, and drink. Its amusement park includes a green park, a concert hall, a theatre, and a circus. The company operates in six business segments: Games, Food & Beverage, High-End, Enterprise Rental, Sales, and Culture. It generates the majority of its revenue from the Sales segment.
80GF Score

Get the complete analysis for OCSE:TIV

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

kr628.00
Price
kr739.89
GF Value