Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Fly Play hf's Revenue for the
three
months ended in Jun. 2025 was kr8,958 Mil. Fly Play hf's Total Assets for the quarter that ended in Jun. 2025 was kr43,824 Mil. Therefore, Fly Play hf's Asset Turnover for the quarter that ended in Jun. 2025 was 0.20.
Asset Turnover is linked to ROE % through Du Pont Formula. Fly Play hf's annualizedROE % for the quarter that ended in Jun. 2025 was 86.31%. It is also linked to ROA % through Du Pont Formula. Fly Play hf's annualizedROA % for the quarter that ended in Jun. 2025 was -17.31%.
Fly Play hf (OISE:PLAY) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Fly Play hf's annulizedROE % for the quarter that ended in Jun. 2025 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2025) net income data. The Revenue data used here is four times the quarterly (Jun. 2025) 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:
Fly Play hf's annulizedROA % for the quarter that ended in Jun. 2025 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2025) net income data. The Revenue data used here is four times the quarterly (Jun. 2025) 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.
Fly Play hf Asset Turnover Related Terms
Fly Play hf Asset Turnover Historical Data
* Premium members only.
The historical data trend for Fly Play hf'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.
OISE:PLAY vs DAL, UAL, LUV: Asset Turnover Comparison
For the Airlines subindustry, Fly Play hf'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.
Fly Play hf Asset Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, Fly Play hf's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Fly Play hf'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.
Fly Play hf (OISE:PLAY) has a Asset Turnover of 0.20 as of Jun. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Fly Play hf and its competitors.
Is Fly Play hf's Asset Turnover too high?
Fly Play hf's current Asset Turnover is 0.20. Overall, Fly Play hf has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Fly Play hf's Asset Turnover compare to DAL and UAL?
Fly Play hf's Asset Turnover of 0.20 can be compared against companies in the Transportation 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 Transportation company?
A good Asset Turnover depends on the Transportation 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 Fly Play hf and its competitors. Fly Play hf's current Asset Turnover is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fly Play hf stock overvalued right now?
Fly Play hf (OISE:PLAY) has a current Asset Turnover of 0.20. The stock's GF Value™ is kr2.40, compared to a current price of kr0.45 — trading 81.4% below its estimated fair value. The current Asset Turnover is 0.20. Fly Play hf's overall GF Score™ is 9/100 with 2 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 Fly Play hf (OISE:PLAY), the current Asset Turnover is 0.20 as of Jun. 2025. 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 Fly Play hf (OISE:PLAY) Overvalued in 2026?
Based on GuruFocus' analysis, Fly Play hf stock appears to be undervalued.
The current stock price of kr0.45 is trading 81.4% below its estimated GF Value™ of kr2.40.
Key valuation signals for OISE:PLAY:
Asset Turnover: 0.20
GF Value™: kr2.40 vs. price of kr0.45 (81.4% below fair value)
No single metric tells the full story. See the OISE:PLAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fly Play hf is an Icelandic low-cost airline operating flights between North America and Europe. It operates a fleet of Airbus aircraft, with its main hub at Keflavik International Airport. The airline offers a range of related services, including food and beverages, as well as booking services for its customers.
9GF Score
Get the complete analysis for OISE:PLAY
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
OISE:PLAY has been successfully added to your 
