HAV Group ASA (OSL:HAV) Asset Turnover: 0.34 (As of Mar. 2026)


OSL:HAV HAV Group ASA OSL:HAV
63 GF Score
Price kr13.50
GF Value kr12.47
Valuation Fairly Valued
! 4 Warning Signs
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What is HAV Group ASA Asset Turnover?

HAV Group ASA OSL:HAV 63 Asset Turnover is 0.34 as of Mar. 2026. GuruFocus rates OSL:HAV with a GF Score™ of 63/100 and a GF Value™ of kr12.47 (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. HAV Group ASA's Revenue for the three months ended in Mar. 2026 was kr233.1 Mil. HAV Group ASA's Total Assets for the quarter that ended in Mar. 2026 was kr681.2 Mil. Therefore, HAV Group ASA's Asset Turnover for the quarter that ended in Mar. 2026 was 0.34.

Asset Turnover is linked to ROE % through Du Pont Formula. HAV Group ASA's annualized ROE % for the quarter that ended in Mar. 2026 was 19.50%. It is also linked to ROA % through Du Pont Formula. HAV Group ASA's annualized ROA % for the quarter that ended in Mar. 2026 was 2.59%.

HAV Group ASA  (OSL:HAV) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=17.664/90.5755
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17.664 / 932.504)*(932.504 / 681.22)*(681.22/ 90.5755)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.89 %*1.3689*7.521
=ROA %*Equity Multiplier
=2.59 %*7.521
=19.50 %

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:

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

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=17.664/681.22
=(Net Income / Revenue)*(Revenue / Total Assets)
=(17.664 / 932.504)*(932.504 / 681.22)
=Net Margin %*Asset Turnover
=1.89 %*1.3689
=2.59 %

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.

HAV Group ASA Asset Turnover Related Terms

HAV Group ASA Asset Turnover Historical Data

* Premium members only.

The historical data trend for HAV Group ASA'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.

HAV Group ASA Asset Turnover Chart

HAV Group ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 1.46 1.16 1.36 1.48 1.26

HAV Group ASA 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 0.23 0.27 0.27 0.40 0.34

HAV Group ASA Asset Turnover Competitor Comparison

For the Marine Shipping subindustry, HAV Group ASA'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.

HAV Group ASA Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, HAV Group ASA's Asset Turnover distribution charts can be found below:

* The bar in red indicates where HAV Group ASA's Asset Turnover falls into.


OSL:HAV
63GF Score
HAV Group ASA OSL:HAV
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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HAV Group ASA Asset Turnover Calculation

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

HAV Group ASA'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 )
=803.04/( (601.327+669.882)/ 2 )
=803.04/635.6045
=1.26

HAV Group ASA'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 )
=233.126/( (669.882+692.558)/ 2 )
=233.126/681.22
=0.34

* 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 0.34 mean?
HAV Group ASA (OSL:HAV) has a Asset Turnover of 0.34 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on HAV Group ASA and its competitors.
Is HAV Group ASA's Asset Turnover too high?
HAV Group ASA's current Asset Turnover is 0.34. Overall, HAV Group ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Asset Turnover compare to competitors?
HAV Group ASA's Asset Turnover of 0.34 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 HAV Group ASA and its competitors. HAV Group ASA's current Asset Turnover is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.47, compared to a current price of kr13.50 — trading 8.3% above its estimated fair value. The current Asset Turnover is 0.34. HAV Group ASA's overall GF Score™ is 63/100 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 HAV Group ASA (OSL:HAV), the current Asset Turnover is 0.34 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?

Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued. The current stock price of kr13.50 is trading 8.3% above its estimated GF Value™ of kr12.47. GuruFocus considers HAV Group ASA to be Fairly Valued.

Key valuation signals for OSL:HAV:

  • Asset Turnover: 0.34
  • GF Value™: kr12.47 vs. price of kr13.50 (8.3% above fair value)
  • GF Score™: 63/100 with 4 warning signs

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

HAV Group ASA Business Description

Other Exchanges 6HH:Germany
Address Holmefjordvegen 1, Fosnavag, NOR, 6090
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
63GF Score

Get the complete analysis for OSL:HAV

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

kr13.50
Price
kr12.47
GF Value