United Bankers Oyj (OHEL:UNITED) Asset Turnover: 0.26 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OHEL:UNITED United Bankers Oyj OHEL:UNITED
67 GF Score
Price €24.30
GF Value €18.21
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is United Bankers Oyj Asset Turnover?

United Bankers Oyj OHEL:UNITED +4.74% 67 Asset Turnover is 0.26 as of Jun. 2026. GuruFocus rates OHEL:UNITED with a GF Score™ of 67/100 and a GF Value™ of €18.21 (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. United Bankers Oyj's Revenue for the six months ended in Jun. 2026 was €27.22 Mil. United Bankers Oyj's Total Assets for the quarter that ended in Jun. 2026 was €105.55 Mil. Therefore, United Bankers Oyj's Asset Turnover for the quarter that ended in Jun. 2026 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. United Bankers Oyj's annualized ROE % for the quarter that ended in Jun. 2026 was 19.56%. It is also linked to ROA % through Du Pont Formula. United Bankers Oyj's annualized ROA % for the quarter that ended in Jun. 2026 was 11.15%.


United Bankers Oyj  (OHEL:UNITED) Asset Turnover Explanation

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

United Bankers Oyj's annulized ROE % for the quarter that ended in Jun. 2026 is

ROE %**(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=11.764/60.143
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.764 / 54.434)*(54.434 / 105.5465)*(105.5465/ 60.143)
=Net Margin %*Asset Turnover*Equity Multiplier
=21.61 %*0.5157*1.7549
=ROA %*Equity Multiplier
=11.15 %*1.7549
=19.56 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2026) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

United Bankers Oyj's annulized ROA % for the quarter that ended in Jun. 2026 is

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=11.764/105.5465
=(Net Income / Revenue)*(Revenue / Total Assets)
=(11.764 / 54.434)*(54.434 / 105.5465)
=Net Margin %*Asset Turnover
=21.61 %*0.5157
=11.15 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2026) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


United Bankers Oyj Asset Turnover Related Terms


United Bankers Oyj Asset Turnover Historical Data

* Premium members only.

The historical data trend for United Bankers Oyj'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.

United Bankers Oyj Asset Turnover Chart

United Bankers Oyj 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 0.56 0.58 0.62 0.67 0.55

United Bankers Oyj Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.37 0.30 0.29 0.26 0.26

OHEL:UNITED vs BLK, BX, KKR: Asset Turnover Comparison

For the Asset Management subindustry, United Bankers Oyj'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.


United Bankers Oyj Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, United Bankers Oyj's Asset Turnover distribution charts can be found below:

* The bar in red indicates where United Bankers Oyj's Asset Turnover falls into.


OHEL:UNITED
67GF Score
United Bankers Oyj OHEL:UNITED
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Bankers Oyj Asset Turnover Calculation

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

United Bankers Oyj'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 )
=51.472/( (88.478+98.586)/ 2 )
=51.472/93.532
=0.55

United Bankers Oyj's Asset Turnover for the quarter that ended in Jun. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Jun. 2026 ))/ count )
=27.217/( (98.586+112.507)/ 2 )
=27.217/105.5465
=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?
United Bankers Oyj (OHEL:UNITED) has a Asset Turnover of 0.26 as of Jun. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on United Bankers Oyj and its competitors.
Is United Bankers Oyj's Asset Turnover too high?
United Bankers Oyj's current Asset Turnover is 0.26. Overall, United Bankers Oyj has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Bankers Oyj's Asset Turnover compare to BLK and BX?
United Bankers Oyj's Asset Turnover of 0.26 can be compared against companies in the Asset Management 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 Asset Management company?
A good Asset Turnover depends on the Asset Management 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 United Bankers Oyj and its competitors. United Bankers Oyj'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 United Bankers Oyj stock overvalued right now?
Based on GuruFocus' analysis, United Bankers Oyj (OHEL:UNITED) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.21, compared to a current price of €24.30 — trading 33.4% above its estimated fair value. The current Asset Turnover is 0.26. United Bankers Oyj's overall GF Score™ is 67/100 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 United Bankers Oyj (OHEL:UNITED), the current Asset Turnover is 0.26 as of Jun. 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 United Bankers Oyj (OHEL:UNITED) Overvalued in 2026?

Based on GuruFocus' analysis, United Bankers Oyj stock appears to be overvalued. The current stock price of €24.30 is trading 33.4% above its estimated GF Value™ of €18.21. GuruFocus considers United Bankers Oyj to be Significantly Overvalued.

Key valuation signals for OHEL:UNITED:

  • Asset Turnover: 0.26
  • GF Value™: €18.21 vs. price of €24.30 (33.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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


United Bankers Oyj Business Description

Other Exchanges DX0:Germany
Address Aleksanterinkatu 21 A, Helsinki, FIN, 00100
United Bankers Oyj provides investment products and services. The company has two business areas, wealth management and capital markets services. In wealth management, the Group specializes in real asset investments including forest real estate, and infrastructure funds. The majority of the income from operations is generated by the wealth management segment, whose customers include individuals, companies, and institutions.
67GF Score

Get the complete analysis for OHEL:UNITED

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

€24.30
Price
€18.21
GF Value