CROOZ (TSE:2138) Asset Turnover: 0.22 (As of Mar. 2026)

What is CROOZ Asset Turnover?

CROOZ TSE:2138 +10.75% 33 Asset Turnover is 0.22 as of Mar. 2026. GuruFocus rates TSE:2138 with a GF Score™ of 33/100 and a GF Value™ of 円568.04 (Modestly Undervalued). The stock has 8 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. CROOZ's Revenue for the six months ended in Mar. 2026 was 円6,438 Mil. CROOZ's Total Assets for the quarter that ended in Mar. 2026 was 円29,802 Mil. Therefore, CROOZ's Asset Turnover for the quarter that ended in Mar. 2026 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. CROOZ's annualized ROE % for the quarter that ended in Mar. 2026 was -6.46%. It is also linked to ROA % through Du Pont Formula. CROOZ's annualized ROA % for the quarter that ended in Mar. 2026 was -1.92%.

CROOZ (TSE:2138) Asset Turnover Explanation

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

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

	ROE %^**		(Q: Mar. 2026 )
=	Net Income	/	Total Stockholders Equity
=	-572.7	/	8865.231
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-572.7 / 12875.138)	*	(12875.138 / 29801.7395)	*	(29801.7395/ 8865.231)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-4.45 %	*	0.432	*	3.3616
=	ROA %	*	Equity Multiplier
=	-1.92 %	*	3.3616
=	-6.46 %

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:

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

	ROA %		(Q: Mar. 2026 )
=	Net Income	/	Total Assets
=	-572.7	/	29801.7395
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-572.7 / 12875.138)	*	(12875.138 / 29801.7395)
=	Net Margin %	*	Asset Turnover
=	-4.45 %	*	0.432
=	-1.92 %

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.

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.

CROOZ Asset Turnover Related Terms

CROOZ Asset Turnover Historical Data

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The historical data trend for CROOZ's Asset Turnover can be seen below:

CROOZ Asset Turnover Chart

CROOZ Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Asset Turnover

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0.59

0.56

0.54

0.50

0.39

CROOZ 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															0.27	0.25	0.24	0.19	0.22

TSE:2138 vs UBER, SHOP, CRM: Asset Turnover Comparison

For the Software - Application subindustry, CROOZ'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.

CROOZ Asset Turnover vs Software Industry

For the Software industry and Technology sector, CROOZ's Asset Turnover distribution charts can be found below:

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

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33GF Score

CROOZ Inc TSE:2138

Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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CROOZ Asset Turnover Calculation

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

CROOZ'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 )
=	11820.516	/	( (29530.166	+	30800.602)	/ 2 )
=	11820.516	/	30165.384
=	0.39

CROOZ'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 )
=	6437.569	/	( (28802.877	+	30800.602)	/ 2 )
=	6437.569	/	29801.7395
=	0.22

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 0.22 mean?

CROOZ (TSE:2138) has a Asset Turnover of 0.22 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on CROOZ and its competitors.

Is CROOZ's Asset Turnover too high?

CROOZ's current Asset Turnover is 0.22. Overall, CROOZ has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does CROOZ's Asset Turnover compare to UBER and SHOP?

CROOZ's Asset Turnover of 0.22 can be compared against companies in the Software 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 Software company?

A good Asset Turnover depends on the Software 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 CROOZ and its competitors. CROOZ's current Asset Turnover is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CROOZ stock overvalued right now?

Based on GuruFocus' analysis, CROOZ (TSE:2138) is currently considered Modestly Undervalued. The stock's GF Value™ is 円568.04, compared to a current price of 円412.00 — trading 27.5% below its estimated fair value. The current Asset Turnover is 0.22. CROOZ's overall GF Score™ is 33/100 with 8 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 CROOZ (TSE:2138), the current Asset Turnover is 0.22 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 CROOZ (TSE:2138) Overvalued in 2026?

Based on GuruFocus' analysis, CROOZ stock appears to be undervalued. The current stock price of 円412.00 is trading 27.5% below its estimated GF Value™ of 円568.04. GuruFocus considers CROOZ to be Modestly Undervalued.

Key valuation signals for TSE:2138:

Asset Turnover: 0.22
GF Value™: 円568.04 vs. price of 円412.00 (27.5% below fair value)
GF Score™: 33/100 with 8 warning signs

No single metric tells the full story. See the TSE:2138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CROOZ Business Description

Industry Technology Software

Comparable Companies TSE:3967 TSE:9561 TSE:4476 TSE:5257 TSE:3933 TSE:3976 TSE:3823 TSE:335A TSE:4429 TSE:3796 XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Address Roppongihills Mori Tower F38 6-10-1, Roppongi Minato-ku, Tokyo, JPN, 106-6138

Website http://crooz.co.jp

CROOZ Inc is a Japanese company engaged in providing applications for social games and e-commerce. It offers various applications including SHOPLIST.com which is a mail-order site that can purchase items of a wide range of fast fashion brands, SHOPLIST USED is a mail-order application that allows easily sell "buy" and "deposit" with a wide range of used fashion items, SHOPZONE is a fast fashion mail order site that can purchase items of a wide range of genres. It also operates blog site named CROOZblog.

33GF Score

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円412.00

Price

円568.04

GF Value

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