King Wan (SGX:554) Asset Turnover: 0.21 (As of Mar. 2026)


What is King Wan Asset Turnover?

King Wan SGX:554 Asset Turnover is 0.21 as of Mar. 2026. 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. King Wan's Revenue for the six months ended in Mar. 2026 was S$22.91 Mil. King Wan's Total Assets for the quarter that ended in Mar. 2026 was S$111.73 Mil. Therefore, King Wan's Asset Turnover for the quarter that ended in Mar. 2026 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. King Wan's annualized ROE % for the quarter that ended in Mar. 2026 was -19.80%. It is also linked to ROA % through Du Pont Formula. King Wan's annualized ROA % for the quarter that ended in Mar. 2026 was -11.86%.

King Wan  (SGX:554) Asset Turnover Explanation

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

King Wan's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-13.248/66.911
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-13.248 / 45.812)*(45.812 / 111.728)*(111.728/ 66.911)
=Net Margin %*Asset Turnover*Equity Multiplier
=-28.92 %*0.41*1.6698
=ROA %*Equity Multiplier
=-11.86 %*1.6698
=-19.80 %

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

King Wan's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-13.248/111.728
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-13.248 / 45.812)*(45.812 / 111.728)
=Net Margin %*Asset Turnover
=-28.92 %*0.41
=-11.86 %

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

King Wan Asset Turnover Related Terms

King Wan Asset Turnover Historical Data

* Premium members only.

The historical data trend for King Wan'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.

King Wan Asset Turnover Chart

King Wan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.73 0.77 0.73 0.38

King Wan Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.49 0.35 0.38 0.19 0.21

SGX:554 vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, King Wan'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.

King Wan Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, King Wan's Asset Turnover distribution charts can be found below:

* The bar in red indicates where King Wan's Asset Turnover falls into.


King Wan Asset Turnover Calculation

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

King Wan's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=44.245/( (116.254+115.278)/ 2 )
=44.245/115.766
=0.38

King Wan'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: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=22.906/( (108.178+115.278)/ 2 )
=22.906/111.728
=0.21

* 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 0.21 mean?
King Wan (SGX:554) has a Asset Turnover of 0.21 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on King Wan and its competitors.
Is King Wan's Asset Turnover too high?
King Wan's current Asset Turnover is 0.21.
How does King Wan's Asset Turnover compare to PWR and FIX?
King Wan's Asset Turnover of 0.21 can be compared against companies in the Construction 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 Construction company?
A good Asset Turnover depends on the Construction 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 King Wan and its competitors. King Wan's current Asset Turnover is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is King Wan stock overvalued right now?
Based on GuruFocus' analysis, King Wan (SGX:554) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.05 — trading 400% above its estimated fair value. The current Asset Turnover is 0.21. 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 King Wan (SGX:554), the current Asset Turnover is 0.21 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.

King Wan Business Description

Address 8 Sungei Kadut Loop, Singapore, SGP, 729455
King Wan Corp Ltd engages in the provision of mechanical and electrical engineering services for the building and construction industry. It operates in five segments. The Plumbing and Sanitary segment provides services comprising the design and installation of water distribution systems and pipe networks for sewage and wastewater drainage. The electrical segment focuses on the electrical engineering services that design and install electricity distribution systems, fire protection, alarm systems, and security systems. The toilet rental segment consists of the rental and operation of mobile lavatories. The investment holding segment consists of investments in associates and joint ventures. Others segment involves other activities that do not fall into the activities of the other segments.