TKP (TSE:3479) Asset Turnover: 0.23 (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3479 TKP Corp TSE:3479
65 GF Score
Price 円1,774.00
GF Value 円5,106.43
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is TKP Asset Turnover?

TKP TSE:3479 +0.11% 65 Asset Turnover is 0.23 as of Feb. 2026. GuruFocus rates TSE:3479 with a GF Score™ of 65/100 and a GF Value™ of 円5,106.43 (Possible Value Trap). The stock has 3 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. TKP's Revenue for the three months ended in Feb. 2026 was 円37,372 Mil. TKP's Total Assets for the quarter that ended in Feb. 2026 was 円161,068 Mil. Therefore, TKP's Asset Turnover for the quarter that ended in Feb. 2026 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. TKP's annualized ROE % for the quarter that ended in Feb. 2026 was 80.84%. It is also linked to ROA % through Du Pont Formula. TKP's annualized ROA % for the quarter that ended in Feb. 2026 was 22.84%.


TKP  (TSE:3479) Asset Turnover Explanation

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

TKP's annulized ROE % for the quarter that ended in Feb. 2026 is

ROE %**(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=36784/45502.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(36784 / 149488)*(149488 / 161067.5)*(161067.5/ 45502.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.61 %*0.9281*3.5398
=ROA %*Equity Multiplier
=22.84 %*3.5398
=80.84 %

Note: The Net Income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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:

TKP's annulized ROA % for the quarter that ended in Feb. 2026 is

ROA %(Q: Feb. 2026 )
=Net Income/Total Assets
=36784/161067.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(36784 / 149488)*(149488 / 161067.5)
=Net Margin %*Asset Turnover
=24.61 %*0.9281
=22.84 %

Note: The Net Income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.


TKP Asset Turnover Related Terms


TKP Asset Turnover Historical Data

* Premium members only.

The historical data trend for TKP'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.

TKP Asset Turnover Chart

TKP Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.55 0.48 0.59 0.78

TKP Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.19 0.20 0.19 0.23 0.20

TSE:3479 vs CBRE, BEKE, JLL: Asset Turnover Comparison

For the Real Estate Services subindustry, TKP'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.


TKP Asset Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, TKP's Asset Turnover distribution charts can be found below:

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


TSE:3479
65GF Score
TKP Corp TSE:3479
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TKP Asset Turnover Calculation

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

TKP's Asset Turnover for the fiscal year that ended in Feb. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2026 )/( (Total Assets (A: Feb. 2025 )+Total Assets (A: Feb. 2026 ))/ count )
=114357/( (121394+170851)/ 2 )
=114357/146122.5
=0.78

TKP's Asset Turnover for the quarter that ended in Feb. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2026 )/( (Total Assets (Q: Nov. 2025 )+Total Assets (Q: Feb. 2026 ))/ count )
=37372/( (151284+170851)/ 2 )
=37372/161067.5
=0.23

* 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 0.23 mean?
TKP (TSE:3479) has a Asset Turnover of 0.23 as of Feb. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on TKP and its competitors.
Is TKP's Asset Turnover too high?
TKP's current Asset Turnover is 0.23. Overall, TKP has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TKP's Asset Turnover compare to CBRE and BEKE?
TKP's Asset Turnover of 0.23 can be compared against companies in the Real Estate 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 Real Estate company?
A good Asset Turnover depends on the Real Estate 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 TKP and its competitors. TKP's current Asset Turnover is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TKP stock overvalued right now?
Based on GuruFocus' analysis, TKP (TSE:3479) is currently considered Possible Value Trap. The stock's GF Value™ is 円5,106.43, compared to a current price of 円1,774.00 — trading 65.3% below its estimated fair value. The current Asset Turnover is 0.23. TKP's overall GF Score™ is 65/100 with 3 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 TKP (TSE:3479), the current Asset Turnover is 0.23 as of Feb. 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 TKP (TSE:3479) Overvalued in 2026?

Based on GuruFocus' analysis, TKP stock appears to be undervalued. The current stock price of 円1,774.00 is trading 65.3% below its estimated GF Value™ of 円5,106.43. GuruFocus considers TKP to be Possible Value Trap.

Key valuation signals for TSE:3479:

  • Asset Turnover: 0.23
  • GF Value™: 円5,106.43 vs. price of 円1,774.00 (65.3% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TSE:3479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TKP Business Description

Address 8, Ichigaya Hachiman-cho, TKP Ichigaya Building 2nd Floor, Shinjuku-ku, Tokyo, JPN, 162-0844
TKP Corp is a Japan-based real estate company. It offers conference rooms & banquet halls on a rental basis. The company is also intended to provide in-house production of services associated with conferences, such as food and beverage catering, hotels and resorts, & call centers, among other services. The group operates in three segments: The Space Regeneration & Distribution Business includes flexible offices, hotels & accommodation/training facilities, food & beverage/banquets, & event production. The Lilycolor business consists of three areas: interior business, space solutions business, & real estate investment & development business. The Novarese Escri Business consists of three areas: bridal services, restaurant-focused services, & construction- & real estate-related services.
65GF Score

Get the complete analysis for TSE:3479

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

円1,774.00
Price
円5,106.43
GF Value