Shirohato Co (TSE:3192) Asset Turnover: 0.27 (As of Nov. 2025)

What is Shirohato Co Asset Turnover?

Shirohato Co TSE:3192 +5.70% 45 Asset Turnover is 0.27 as of Nov. 2025. GuruFocus rates TSE:3192 with a GF Score™ of 45/100 and a GF Value™ of 円190.31 (Significantly Overvalued). The stock has 4 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. Shirohato Co's Revenue for the three months ended in Nov. 2025 was 円1,515 Mil. Shirohato Co's Total Assets for the quarter that ended in Nov. 2025 was 円5,591 Mil. Therefore, Shirohato Co's Asset Turnover for the quarter that ended in Nov. 2025 was 0.27.

Asset Turnover is linked to ROE % through Du Pont Formula. Shirohato Co's annualized ROE % for the quarter that ended in Nov. 2025 was -7.88%. It is also linked to ROA % through Du Pont Formula. Shirohato Co's annualized ROA % for the quarter that ended in Nov. 2025 was -3.59%.

Shirohato Co (TSE:3192) Asset Turnover Explanation

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

Shirohato Co's annulized ROE % for the quarter that ended in Nov. 2025 is

	ROE %^**		(Q: Nov. 2025 )
=	Net Income	/	Total Stockholders Equity
=	-200.54	/	2545.4235
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-200.54 / 6058.752)	*	(6058.752 / 5590.6655)	*	(5590.6655/ 2545.4235)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-3.31 %	*	1.0837	*	2.1964
=	ROA %	*	Equity Multiplier
=	-3.59 %	*	2.1964
=	-7.88 %

Note: The Net Income data used here is four times the quarterly (Nov. 2025) net income data. The Revenue data used here is four times the quarterly (Nov. 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:

Shirohato Co's annulized ROA % for the quarter that ended in Nov. 2025 is

	ROA %		(Q: Nov. 2025 )
=	Net Income	/	Total Assets
=	-200.54	/	5590.6655
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-200.54 / 6058.752)	*	(6058.752 / 5590.6655)
=	Net Margin %	*	Asset Turnover
=	-3.31 %	*	1.0837
=	-3.59 %

Note: The Net Income data used here is four times the quarterly (Nov. 2025) net income data. The Revenue data used here is four times the quarterly (Nov. 2025) 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.

Shirohato Co Asset Turnover Related Terms

Shirohato Co Asset Turnover Historical Data

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

Shirohato Co Asset Turnover Chart

Shirohato Co Annual Data

Trend

Aug16

Aug17

Aug18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Asset Turnover

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0.88

0.91

1.00

1.06

1.07

Shirohato Co Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Feb25	May25	Aug25	Nov25	Feb26
Asset Turnover	Get a 7-Day Free Trial															0.00	0.22	0.26	0.27	0.32

TSE:3192 vs AMZN, BABA, PDD: Asset Turnover Comparison

For the Internet Retail subindustry, Shirohato 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.

Shirohato Co Asset Turnover vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shirohato Co's Asset Turnover distribution charts can be found below:

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

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45GF Score

Shirohato Co Ltd TSE:3192

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

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Shirohato Co Asset Turnover Calculation

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

Shirohato Co's Asset Turnover for the fiscal year that ended in Feb. 2025 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Feb. 2025 )	/	( (Total Assets (A: Feb. 2024 )	+	Total Assets (A: Feb. 2025 ))	/ count )
=	6274.053	/	( (5760.981	+	5959.547)	/ 2 )
=	6274.053	/	5860.264
=	1.07

Shirohato Co's Asset Turnover for the quarter that ended in Nov. 2025 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Nov. 2025 )	/	( (Total Assets (Q: Aug. 2025 )	+	Total Assets (Q: Nov. 2025 ))	/ count )
=	1514.688	/	( (5394.692	+	5786.639)	/ 2 )
=	1514.688	/	5590.6655
=	0.27

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 0.27 mean?

Shirohato Co (TSE:3192) has a Asset Turnover of 0.27 as of Nov. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shirohato Co and its competitors.

Is Shirohato Co's Asset Turnover too high?

Shirohato Co's current Asset Turnover is 0.27. Overall, Shirohato Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Shirohato Co's Asset Turnover compare to AMZN and BABA?

Shirohato Co's Asset Turnover of 0.27 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?

A good Asset Turnover depends on the Retail - Cyclical 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 Shirohato Co and its competitors. Shirohato Co's current Asset Turnover is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shirohato Co stock overvalued right now?

Based on GuruFocus' analysis, Shirohato Co (TSE:3192) is currently considered Significantly Overvalued. The stock's GF Value™ is 円190.31, compared to a current price of 円334.00 — trading 75.5% above its estimated fair value. The current Asset Turnover is 0.27. Shirohato Co's overall GF Score™ is 45/100 with 4 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 Shirohato Co (TSE:3192), the current Asset Turnover is 0.27 as of Nov. 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 Shirohato Co (TSE:3192) Overvalued in 2026?

Based on GuruFocus' analysis, Shirohato Co stock appears to be overvalued. The current stock price of 円334.00 is trading 75.5% above its estimated GF Value™ of 円190.31. GuruFocus considers Shirohato Co to be Significantly Overvalued.

Key valuation signals for TSE:3192:

Asset Turnover: 0.27
GF Value™: 円190.31 vs. price of 円334.00 (75.5% above fair value)
GF Score™: 45/100 with 4 warning signs

No single metric tells the full story. See the TSE:3192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shirohato Co Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:288A TSE:3185 TSE:3779 TSE:3071 TSE:5616 TSE:3416 TSE:9557 TSE:4017 TSE:2673 TSE:3138 AMZN BABA PDD XAMS:PRX MELI DASH SE HKSE:03690 EBAY JSE:NPN

Address 505 Takeda Mukaishiro-cho, Fushimi-ku, Kyoto, JPN, 612-8418

Website https://www.shirohato.co.jp

Shirohato Co Ltd operates as an online shopping website company. It offers innerwear for men and women. The business activity of the group includes the purchase of innerwear from inner manufacturers and selling to individual customers through various channels on the Internet.

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円334.00

Price

円190.31

GF Value

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