Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CP All PCL's Revenue for the
three
months ended in Mar. 2026 was S$10,287 Mil. CP All PCL's Total Assets for the quarter that ended in Mar. 2026 was S$39,346 Mil. Therefore, CP All PCL's Asset Turnover for the quarter that ended in Mar. 2026 was 0.26.
Asset Turnover is linked to ROE % through Du Pont Formula. CP All PCL's annualizedROE % for the quarter that ended in Mar. 2026 was 25.10%. It is also linked to ROA % through Du Pont Formula. CP All PCL's annualizedROA % for the quarter that ended in Mar. 2026 was 3.68%.
CP All PCL (SGX:TCPD) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
CP All PCL's annulizedROE % for the quarter that ended in Mar. 2026 is
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:
CP All PCL's annulizedROA % for the quarter that ended in Mar. 2026 is
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.
CP All PCL Asset Turnover Related Terms
CP All PCL Asset Turnover Historical Data
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The historical data trend for CP All PCL'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.
For the Grocery Stores subindustry, CP All PCL'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.
CP All PCL Asset Turnover vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, CP All PCL's Asset Turnover distribution charts can be found below:
* The bar in red indicates where CP All PCL'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.
CP All PCL (SGX:TCPD) has a Asset Turnover of 0.26 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on CP All PCL and its competitors.
Is CP All PCL's Asset Turnover too high?
CP All PCL's current Asset Turnover is 0.26. Overall, CP All PCL has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CP All PCL's Asset Turnover compare to KR and SFM?
CP All PCL's Asset Turnover of 0.26 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Asset Turnover depends on the Retail - Defensive 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 CP All PCL and its competitors. CP All PCL'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 CP All PCL stock overvalued right now?
Based on GuruFocus' analysis, CP All PCL (SGX:TCPD) is currently considered Modestly Undervalued. The stock's GF Value™ is S$2.34, compared to a current price of S$1.89 — trading 19.2% below its estimated fair value. The current Asset Turnover is 0.26. CP All PCL's overall GF Score™ is 85/100 with 5 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 CP All PCL (SGX:TCPD), the current Asset Turnover is 0.26 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 CP All PCL (SGX:TCPD) Overvalued in 2026?
Based on GuruFocus' analysis, CP All PCL stock appears to be undervalued.
The current stock price of S$1.89 is trading 19.2% below its estimated GF Value™ of S$2.34.
GuruFocus considers CP All PCL to be Modestly Undervalued.
Key valuation signals for SGX:TCPD:
Asset Turnover: 0.26
GF Value™: S$2.34 vs. price of S$1.89 (19.2% below fair value)
No single metric tells the full story. See the SGX:TCPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CP All PCL is the sole operator of 7-Eleven convenience stores in Thailand. Almost half of the stores are located in Bangkok and its vicinities, with the remaining located in provincial areas. The company also operates other related businesses, such as bill payment collection services, manufacturing and sale of convenience food and bakery products, sale and maintenance of retail equipment, payment for products and services, information technology services, logistics services, marketing services, educational institution, and training and business seminar services, including catalog sales and e-commerce businesses. The company has four reportable segments: convenience stores, wholesale, retail and mall, and others. The majority of its revenue from Convenience stores segment.
85GF Score
Get the complete analysis for SGX:TCPD
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