UT Group Co (TSE:2146) Asset Turnover: 0.65 (As of Mar. 2026)

What is UT Group Co Asset Turnover?

UT Group Co TSE:2146 89 Asset Turnover is 0.65 as of Mar. 2026. GuruFocus rates TSE:2146 with a GF Score™ of 89/100 and a GF Value™ of 円165.77 (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. UT Group Co's Revenue for the three months ended in Mar. 2026 was 円41,526 Mil. UT Group Co's Total Assets for the quarter that ended in Mar. 2026 was 円64,096 Mil. Therefore, UT Group Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.65.

Asset Turnover is linked to ROE % through Du Pont Formula. UT Group Co's annualized ROE % for the quarter that ended in Mar. 2026 was 22.69%. It is also linked to ROA % through Du Pont Formula. UT Group Co's annualized ROA % for the quarter that ended in Mar. 2026 was 10.93%.

UT Group Co (TSE:2146) Asset Turnover Explanation

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

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

	ROE %^**		(Q: Mar. 2026 )
=	Net Income	/	Total Stockholders Equity
=	7004	/	30867
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(7004 / 166104)	*	(166104 / 64096)	*	(64096/ 30867)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	4.22 %	*	2.5915	*	2.0765
=	ROA %	*	Equity Multiplier
=	10.93 %	*	2.0765
=	22.69 %

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:

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

	ROA %		(Q: Mar. 2026 )
=	Net Income	/	Total Assets
=	7004	/	64096
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(7004 / 166104)	*	(166104 / 64096)
=	Net Margin %	*	Asset Turnover
=	4.22 %	*	2.5915
=	10.93 %

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.

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.

UT Group Co Asset Turnover Related Terms

UT Group Co Asset Turnover Historical Data

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The historical data trend for UT Group Co's Asset Turnover can be seen below:

UT Group Co Asset Turnover Chart

UT Group Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Asset Turnover

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2.69

2.51

2.39

2.89

2.57

UT Group Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Asset Turnover	Get a 7-Day Free Trial															0.82	0.63	0.64	0.65	0.65

TSE:2146 vs KFY, RHI, TNET: Asset Turnover Comparison

For the Staffing & Employment Services subindustry, UT Group 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.

UT Group Co Asset Turnover vs Business Services Industry

For the Business Services industry and Industrials sector, UT Group Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where UT Group Co's Asset Turnover falls into.

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89GF Score

UT Group Co Ltd TSE:2146

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

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UT Group Co Asset Turnover Calculation

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

UT Group 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 )
=	166855	/	( (66346	+	63473)	/ 2 )
=	166855	/	64909.5
=	2.57

UT Group 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 )
=	41526	/	( (64719	+	63473)	/ 2 )
=	41526	/	64096
=	0.65

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 0.65 mean?

UT Group Co (TSE:2146) has a Asset Turnover of 0.65 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on UT Group Co and its competitors.

Is UT Group Co's Asset Turnover too high?

UT Group Co's current Asset Turnover is 0.65. Overall, UT Group Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does UT Group Co's Asset Turnover compare to KFY and RHI?

UT Group Co's Asset Turnover of 0.65 can be compared against companies in the Business Services 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 Business Services company?

A good Asset Turnover depends on the Business Services 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 UT Group Co and its competitors. UT Group Co's current Asset Turnover is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is UT Group Co stock overvalued right now?

Based on GuruFocus' analysis, UT Group Co (TSE:2146) is currently considered Fairly Valued. The stock's GF Value™ is 円165.77, compared to a current price of 円173.00 — trading 4.4% above its estimated fair value. The current Asset Turnover is 0.65. UT Group Co's overall GF Score™ is 89/100 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 UT Group Co (TSE:2146), the current Asset Turnover is 0.65 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 UT Group Co (TSE:2146) Overvalued in 2026?

Based on GuruFocus' analysis, UT Group Co stock appears to be overvalued. The current stock price of 円173.00 is trading 4.4% above its estimated GF Value™ of 円165.77. GuruFocus considers UT Group Co to be Fairly Valued.

Key valuation signals for TSE:2146:

Asset Turnover: 0.65
GF Value™: 円165.77 vs. price of 円173.00 (4.4% above fair value)
GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the TSE:2146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

UT Group Co Business Description

Industry Industrials Business Services

Comparable Companies TSE:2124 TSE:4848 TSE:2168 TSE:215A TSE:4641 TSE:2429 TSE:4849 TSE:4318 TSE:2154 TSE:2475 XAMS:RAND KFY TSE:2181 RHI XSWX:ADEN HKSE:02225 TNET MAN NSP TSE:9744

Address 1-11-15 Higashi-Gotanda, Denpa Building. 6th Floor, Shinagawa-ku, Tokyo, JPN, 141-0022

Website http://www.ut-g.co.jp

UT Group Co Ltd is engaged in worker dispatch and outsourcing of permanent employees in manufacturing, design, and development, construction, and other sectors. The firm operates in three segments: Manufacturing Business, Solution Business, and Engineering Business.

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円173.00

Price

円165.77

GF Value

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