Totetsu Kogyo Co (TSE:1835) Asset Turnover: 0.29 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:1835 Totetsu Kogyo Co Ltd TSE:1835
75 GF Score
Price 円4,000.00
GF Value 円3,741.11
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Totetsu Kogyo Co Asset Turnover?

Totetsu Kogyo Co TSE:1835 -0.50% 75 Asset Turnover is 0.29 as of Mar. 2026. GuruFocus rates TSE:1835 with a GF Score™ of 75/100 and a GF Value™ of 円3,741.11 (Fairly Valued). The stock has 2 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. Totetsu Kogyo Co's Revenue for the three months ended in Mar. 2026 was 円56,568 Mil. Totetsu Kogyo Co's Total Assets for the quarter that ended in Mar. 2026 was 円192,206 Mil. Therefore, Totetsu Kogyo Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. Totetsu Kogyo Co's annualized ROE % for the quarter that ended in Mar. 2026 was 14.14%. It is also linked to ROA % through Du Pont Formula. Totetsu Kogyo Co's annualized ROA % for the quarter that ended in Mar. 2026 was 9.53%.


Totetsu Kogyo Co  (TSE:1835) Asset Turnover Explanation

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

Totetsu Kogyo Co's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=18320.676/129531.8725
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18320.676 / 226273.844)*(226273.844 / 192205.9675)*(192205.9675/ 129531.8725)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.1 %*1.1772*1.4839
=ROA %*Equity Multiplier
=9.53 %*1.4839
=14.14 %

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:

Totetsu Kogyo Co's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=18320.676/192205.9675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(18320.676 / 226273.844)*(226273.844 / 192205.9675)
=Net Margin %*Asset Turnover
=8.1 %*1.1772
=9.53 %

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.


Totetsu Kogyo Co Asset Turnover Related Terms


Totetsu Kogyo Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Totetsu Kogyo Co'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.

Totetsu Kogyo Co Asset Turnover Chart

Totetsu Kogyo Co 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 0.82 0.87 0.89 0.92 0.85

Totetsu Kogyo Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.17 0.23 0.24 0.29 0.16

TSE:1835 vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, Totetsu Kogyo Co'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.


Totetsu Kogyo Co Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, Totetsu Kogyo Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Totetsu Kogyo Co's Asset Turnover falls into.


TSE:1835
75GF Score
Totetsu Kogyo Co Ltd TSE:1835
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Totetsu Kogyo Co Asset Turnover Calculation

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

Totetsu Kogyo Co'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 )
=163018.353/( (181115.422+203845.466)/ 2 )
=163018.353/192480.444
=0.85

Totetsu Kogyo Co'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 )
=56568.461/( (180566.469+203845.466)/ 2 )
=56568.461/192205.9675
=0.29

* 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 0.29 mean?
Totetsu Kogyo Co (TSE:1835) has a Asset Turnover of 0.29 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Totetsu Kogyo Co and its competitors.
Is Totetsu Kogyo Co's Asset Turnover too high?
Totetsu Kogyo Co's current Asset Turnover is 0.29. Overall, Totetsu Kogyo Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Totetsu Kogyo Co's Asset Turnover compare to PWR and FIX?
Totetsu Kogyo Co's Asset Turnover of 0.29 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 Totetsu Kogyo Co and its competitors. Totetsu Kogyo Co's current Asset Turnover is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Totetsu Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Totetsu Kogyo Co (TSE:1835) is currently considered Fairly Valued. The stock's GF Value™ is 円3,741.11, compared to a current price of 円4,000.00 — trading 6.9% above its estimated fair value. The current Asset Turnover is 0.29. Totetsu Kogyo Co's overall GF Score™ is 75/100 with 2 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 Totetsu Kogyo Co (TSE:1835), the current Asset Turnover is 0.29 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 Totetsu Kogyo Co (TSE:1835) Overvalued in 2026?

Based on GuruFocus' analysis, Totetsu Kogyo Co stock appears to be overvalued. The current stock price of 円4,000.00 is trading 6.9% above its estimated GF Value™ of 円3,741.11. GuruFocus considers Totetsu Kogyo Co to be Fairly Valued.

Key valuation signals for TSE:1835:

  • Asset Turnover: 0.29
  • GF Value™: 円3,741.11 vs. price of 円4,000.00 (6.9% above fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the TSE:1835 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Totetsu Kogyo Co Business Description

Address 4th Floor, JR Shinanomachi Building, 34 Shinanomachi, Shinjuku-ku, Tokyo, JPN, 160-8589
Totetsu Kogyo Co Ltd is a construction company. Its operating segments are Civil Engineering, Railway track maintenance, Architectural and Environmental segment. It undertakes various projects such as construction, renovation, reinforcement of elevated bridges and railway platform edge doors for passenger protection along with building new railway tracks for the Shinkansen, public and private sectors. The company is also engaged in construction and maintenance of station buildings for railway lines, apartment houses, office buildings, hotels, shops, and schools. Additionally, it also provides environmental technology and services, like construction of solar power generation systems, greening of buildings, and implementing energy conservation systems for air conditioning.
75GF Score

Get the complete analysis for TSE:1835

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

円4,000.00
Price
円3,741.11
GF Value