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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tomen Devices's Revenue for the
six
months ended in Mar. 2026 was 円390,579 Mil. Tomen Devices's Total Assets for the quarter that ended in Mar. 2026 was 円264,978 Mil. Therefore, Tomen Devices's Asset Turnover for the quarter that ended in Mar. 2026 was 1.47.
Asset Turnover is linked to ROE % through Du Pont Formula. Tomen Devices's annualizedROE % for the quarter that ended in Mar. 2026 was 18.84%. It is also linked to ROA % through Du Pont Formula. Tomen Devices's annualizedROA % for the quarter that ended in Mar. 2026 was 3.95%.
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:
Tomen Devices's annulizedROA % for the quarter that ended in Mar. 2026 is
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.
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.
Tomen Devices Asset Turnover Related Terms
Tomen Devices Asset Turnover Historical Data
* Premium members only.
The historical data trend for Tomen Devices'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.
TSE:2737 vs NVDA, AVGO, MU: Asset Turnover Comparison
For the Semiconductors subindustry, Tomen Devices'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.
Tomen Devices Asset Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tomen Devices's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Tomen Devices'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.
Tomen Devices (TSE:2737) has a Asset Turnover of 1.47 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tomen Devices and its competitors.
Is Tomen Devices' Asset Turnover too high?
Tomen Devices' current Asset Turnover is 1.47. Overall, Tomen Devices has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomen Devices' Asset Turnover compare to NVDA and AVGO?
Tomen Devices' Asset Turnover of 1.47 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Asset Turnover depends on the Semiconductors 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 Tomen Devices and its competitors. Tomen Devices's current Asset Turnover is 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomen Devices stock overvalued right now?
Based on GuruFocus' analysis, Tomen Devices (TSE:2737) is currently considered Significantly Overvalued. The stock's GF Value™ is 円10,323.67, compared to a current price of 円16,180.00 — trading 56.7% above its estimated fair value. The current Asset Turnover is 1.47. Tomen Devices' overall GF Score™ is 76/100 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 Tomen Devices (TSE:2737), the current Asset Turnover is 1.47 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 Tomen Devices (TSE:2737) Overvalued in 2026?
Based on GuruFocus' analysis, Tomen Devices stock appears to be overvalued.
The current stock price of 円16,180.00 is trading 56.7% above its estimated GF Value™ of 円10,323.67.
GuruFocus considers Tomen Devices to be Significantly Overvalued.
Key valuation signals for TSE:2737:
Asset Turnover: 1.47
GF Value™: 円10,323.67 vs. price of 円16,180.00 (56.7% above fair value)
No single metric tells the full story. See the TSE:2737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomen Devices Corp is a Japan-based company operating in the semiconductor sector. The company is mainly engaged in the production and sales of semiconductors and electronic parts. It offers memory products, system large scale integration (LSI) products, thin film transistor (TFT), liquid crystal panels and fluorescent display tubes.
76GF Score
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