SPWH (Sportsman's Warehouse Holdings) Asset Turnover: 0.32 (As of Apr. 2026)


SPWH Sportsman's Warehouse Holdings Inc SPWH
51 GF Score
Price $1.24
GF Value $2.64
Valuation Possible Value Trap
! 7 Warning Signs
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What is Sportsman's Warehouse Holdings Asset Turnover?

Sportsman's Warehouse Holdings SPWH -0.40% 51 Asset Turnover is 0.32 as of Apr. 2026. GuruFocus rates SPWH with a GF Score™ of 51/100 and a GF Value™ of $2.64 (Possible Value Trap). 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. Sportsman's Warehouse Holdings's Revenue for the three months ended in Apr. 2026 was $256 Mil. Sportsman's Warehouse Holdings's Total Assets for the quarter that ended in Apr. 2026 was $800 Mil. Therefore, Sportsman's Warehouse Holdings's Asset Turnover for the quarter that ended in Apr. 2026 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Sportsman's Warehouse Holdings's annualized ROE % for the quarter that ended in Apr. 2026 was -49.13%. It is also linked to ROA % through Du Pont Formula. Sportsman's Warehouse Holdings's annualized ROA % for the quarter that ended in Apr. 2026 was -10.92%.


Sportsman's Warehouse Holdings  (NAS:SPWH) Asset Turnover Explanation

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

Sportsman's Warehouse Holdings's annulized ROE % for the quarter that ended in Apr. 2026 is

ROE %**(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=-87.392/177.882
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-87.392 / 1024.312)*(1024.312 / 800.2925)*(800.2925/ 177.882)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.53 %*1.2799*4.499
=ROA %*Equity Multiplier
=-10.92 %*4.499
=-49.13 %

Note: The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 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:

Sportsman's Warehouse Holdings's annulized ROA % for the quarter that ended in Apr. 2026 is

ROA %(Q: Apr. 2026 )
=Net Income/Total Assets
=-87.392/800.2925
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-87.392 / 1024.312)*(1024.312 / 800.2925)
=Net Margin %*Asset Turnover
=-8.53 %*1.2799
=-10.92 %

Note: The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 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.


Sportsman's Warehouse Holdings Asset Turnover Related Terms


Sportsman's Warehouse Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for Sportsman's Warehouse Holdings'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.

Sportsman's Warehouse Holdings Asset Turnover Chart

Sportsman's Warehouse Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.01 1.65 1.48 1.38 1.50

Sportsman's Warehouse Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.28 0.31 0.36 0.40 0.32

SPWH vs ABLV, LESL, PTLE: Asset Turnover Comparison

For the Specialty Retail subindustry, Sportsman's Warehouse Holdings'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.


Sportsman's Warehouse Holdings Asset Turnover vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sportsman's Warehouse Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sportsman's Warehouse Holdings's Asset Turnover falls into.


SPWH
51GF Score
Sportsman's Warehouse Holdings Inc SPWH
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Sportsman's Warehouse Holdings Asset Turnover Calculation

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

Sportsman's Warehouse Holdings's Asset Turnover for the fiscal year that ended in Jan. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2026 )/( (Total Assets (A: Jan. 2025 )+Total Assets (A: Jan. 2026 ))/ count )
=1209.182/( (852.102+762.582)/ 2 )
=1209.182/807.342
=1.50

Sportsman's Warehouse Holdings's Asset Turnover for the quarter that ended in Apr. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2026 )/( (Total Assets (Q: Jan. 2026 )+Total Assets (Q: Apr. 2026 ))/ count )
=256.078/( (762.582+838.003)/ 2 )
=256.078/800.2925
=0.32

* 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 0.32 mean?
Sportsman's Warehouse Holdings (SPWH) has a Asset Turnover of 0.32 as of Apr. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Sportsman's Warehouse Holdings and its competitors.
Is Sportsman's Warehouse Holdings' Asset Turnover too high?
Sportsman's Warehouse Holdings' current Asset Turnover is 0.32. Overall, Sportsman's Warehouse Holdings has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sportsman's Warehouse Holdings' Asset Turnover compare to ABLV and LESL?
Sportsman's Warehouse Holdings' Asset Turnover of 0.32 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good Asset Turnover depends on the Retail - Cyclical 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 Sportsman's Warehouse Holdings and its competitors. Sportsman's Warehouse Holdings's current Asset Turnover is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sportsman's Warehouse Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sportsman's Warehouse Holdings (SPWH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.64, compared to a current price of $1.24 — trading 53% below its estimated fair value. The current Asset Turnover is 0.32. Sportsman's Warehouse Holdings' overall GF Score™ is 51/100 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 Sportsman's Warehouse Holdings (SPWH), the current Asset Turnover is 0.32 as of Apr. 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 Sportsman's Warehouse Holdings (SPWH) Overvalued in 2026?

Based on GuruFocus' analysis, Sportsman's Warehouse Holdings stock appears to be undervalued. The current stock price of $1.24 is trading 53% below its estimated GF Value™ of $2.64. GuruFocus considers Sportsman's Warehouse Holdings to be Possible Value Trap.

Key valuation signals for SPWH:

  • Asset Turnover: 0.32
  • GF Value™: $2.64 vs. price of $1.24 (53% below fair value)
  • GF Score™: 51/100 with 7 warning signs

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


Sportsman's Warehouse Holdings Business Description

Other Exchanges 0A8T:UK06S:Germany
Address 1475 West 9000 South, Suite A, West Jordan, UT, USA, 84088
Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others. The company also offers an e-commerce experience, extensive in-store events and educational programming.
51GF Score

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

$1.24
Price
$2.64
GF Value