Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Toyo Tire's Revenue for the
three
months ended in Dec. 2025 was $1,024 Mil. Toyo Tire's Total Assets for the quarter that ended in Dec. 2025 was $4,815 Mil. Therefore, Toyo Tire's Asset Turnover for the quarter that ended in Dec. 2025 was 0.21.
Asset Turnover is linked to ROE % through Du Pont Formula. Toyo Tire's annualizedROE % for the quarter that ended in Dec. 2025 was 8.11%. It is also linked to ROA % through Du Pont Formula. Toyo Tire's annualizedROA % for the quarter that ended in Dec. 2025 was 5.62%.
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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:
Toyo Tire's annulizedROA % for the quarter that ended in Dec. 2025 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.
Toyo Tire Asset Turnover Related Terms
Toyo Tire Asset Turnover Historical Data
* Premium members only.
The historical data trend for Toyo Tire'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 Auto Parts subindustry, Toyo Tire'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.
Toyo Tire Asset Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Toyo Tire'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.
Toyo Tire (TOTTF) has a Asset Turnover of 0.21 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Toyo Tire and its competitors.
Is Toyo Tire's Asset Turnover too high?
Toyo Tire's current Asset Turnover is 0.21. Overall, Toyo Tire has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Tire's Asset Turnover compare to ORLY and AZO?
Toyo Tire's Asset Turnover of 0.21 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Asset Turnover depends on the Vehicles & Parts 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 Toyo Tire and its competitors. Toyo Tire'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 Toyo Tire stock overvalued right now?
Based on GuruFocus' analysis, Toyo Tire (TOTTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.97, compared to a current price of $25.55 — trading 42.2% above its estimated fair value. The current Asset Turnover is 0.21. Toyo Tire's overall GF Score™ is 85/100 with 1 warning sign 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 Toyo Tire (TOTTF), the current Asset Turnover is 0.21 as of Dec. 2025. 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 Toyo Tire (TOTTF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Tire stock appears to be overvalued.
The current stock price of $25.55 is trading 42.2% above its estimated GF Value™ of $17.97.
GuruFocus considers Toyo Tire to be Significantly Overvalued.
Key valuation signals for TOTTF:
Asset Turnover: 0.21
GF Value™: $17.97 vs. price of $25.55 (42.2% above fair value)
No single metric tells the full story. See the TOTTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Tire Corp is engaged in the manufacturing and sale of tires and automotive parts. The company operates through two reportable segments: the Tire Business and the Automotive Parts Business. The Tire Business manufactures and sells various tires for passenger cars, light trucks, trucks, and buses, while the Automotive Parts Business manufactures and sells automotive components such as automotive anti-vibration rubber. The company generates the majority of its revenue from the Tire business segment.
85GF Score
Get the complete analysis for TOTTF
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TOTTF has been successfully added to your 
