Harbor Star Shipping Services (PHS:TUGS) Asset Turnover: 0.09 (As of Mar. 2026)


PHS:TUGS Harbor Star Shipping Services Inc PHS:TUGS
56 GF Score
Price ₱0.84
GF Value ₱0.61
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Harbor Star Shipping Services Asset Turnover?

Harbor Star Shipping Services PHS:TUGS +2.44% 56 Asset Turnover is 0.09 as of Mar. 2026. GuruFocus rates PHS:TUGS with a GF Score™ of 56/100 and a GF Value™ of ₱0.61 (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. Harbor Star Shipping Services's Revenue for the three months ended in Mar. 2026 was ₱611 Mil. Harbor Star Shipping Services's Total Assets for the quarter that ended in Mar. 2026 was ₱7,208 Mil. Therefore, Harbor Star Shipping Services's Asset Turnover for the quarter that ended in Mar. 2026 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Harbor Star Shipping Services's annualized ROE % for the quarter that ended in Mar. 2026 was 4.61%. It is also linked to ROA % through Du Pont Formula. Harbor Star Shipping Services's annualized ROA % for the quarter that ended in Mar. 2026 was 1.52%.


Harbor Star Shipping Services  (PHS:TUGS) Asset Turnover Explanation

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

Harbor Star Shipping Services's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=109.852/2382.2715
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(109.852 / 2442.684)*(2442.684 / 7207.6635)*(7207.6635/ 2382.2715)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.5 %*0.3389*3.0255
=ROA %*Equity Multiplier
=1.52 %*3.0255
=4.61 %

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:

Harbor Star Shipping Services's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=109.852/7207.6635
=(Net Income / Revenue)*(Revenue / Total Assets)
=(109.852 / 2442.684)*(2442.684 / 7207.6635)
=Net Margin %*Asset Turnover
=4.5 %*0.3389
=1.52 %

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.


Harbor Star Shipping Services Asset Turnover Related Terms


Harbor Star Shipping Services Asset Turnover Historical Data

* Premium members only.

The historical data trend for Harbor Star Shipping Services'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.

Harbor Star Shipping Services Asset Turnover Chart

Harbor Star Shipping Services 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 0.32 0.41 0.38 0.42 0.38

Harbor Star Shipping Services 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 0.09 0.09 0.11 0.09 0.09

Harbor Star Shipping Services Asset Turnover Competitor Comparison

For the Marine Shipping subindustry, Harbor Star Shipping Services'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.


Harbor Star Shipping Services Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Harbor Star Shipping Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Harbor Star Shipping Services's Asset Turnover falls into.


PHS:TUGS
56GF Score
Harbor Star Shipping Services Inc PHS:TUGS
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbor Star Shipping Services Asset Turnover Calculation

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

Harbor Star Shipping Services'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 )
=2790.9/( (7336.974+7242.55)/ 2 )
=2790.9/7289.762
=0.38

Harbor Star Shipping Services'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 )
=610.671/( (7242.55+7172.777)/ 2 )
=610.671/7207.6635
=0.08

* 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 0.09 mean?
Harbor Star Shipping Services (PHS:TUGS) has a Asset Turnover of 0.09 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Harbor Star Shipping Services and its competitors.
Is Harbor Star Shipping Services' Asset Turnover too high?
Harbor Star Shipping Services' current Asset Turnover is 0.09. Overall, Harbor Star Shipping Services has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbor Star Shipping Services' Asset Turnover compare to competitors?
Harbor Star Shipping Services' Asset Turnover of 0.09 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 Harbor Star Shipping Services and its competitors. Harbor Star Shipping Services's current Asset Turnover is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Star Shipping Services stock overvalued right now?
Based on GuruFocus' analysis, Harbor Star Shipping Services (PHS:TUGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.61, compared to a current price of ₱0.84 — trading 37.7% above its estimated fair value. The current Asset Turnover is 0.09. Harbor Star Shipping Services' overall GF Score™ is 56/100 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 Harbor Star Shipping Services (PHS:TUGS), the current Asset Turnover is 0.09 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 Harbor Star Shipping Services (PHS:TUGS) Overvalued in 2026?

Based on GuruFocus' analysis, Harbor Star Shipping Services stock appears to be overvalued. The current stock price of ₱0.84 is trading 37.7% above its estimated GF Value™ of ₱0.61. GuruFocus considers Harbor Star Shipping Services to be Significantly Overvalued.

Key valuation signals for PHS:TUGS:

  • Asset Turnover: 0.09
  • GF Value™: ₱0.61 vs. price of ₱0.84 (37.7% above fair value)
  • GF Score™: 56/100 with 7 warning signs

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


Harbor Star Shipping Services Business Description

Address 2224 A. Bonifacio Street corner Pres. Sergio Osmena Highway, Bangkal, Makati, PHL, 1233
Harbor Star Shipping Services Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemicals, ship and crew management, diving, and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management. The company operates in two segments: Harbor assistance and Renewable energy. It generates maximum revenue from the Harbor assistance segment.
56GF Score

Get the complete analysis for PHS:TUGS

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

₱0.84
Price
₱0.61
GF Value