MIRARTH Real Estate Investment (TSE:3492) Asset Turnover: 0.03 (As of Feb. 2026)

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TSE:3492 MIRARTH Real Estate Investment Corp TSE:3492
51 GF Score
Price 円82,800.00
GF Value 円103,806.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is MIRARTH Real Estate Investment Asset Turnover?

MIRARTH Real Estate Investment TSE:3492 -0.24% 51 Asset Turnover is 0.03 as of Feb. 2026. GuruFocus rates TSE:3492 with a GF Score™ of 51/100 and a GF Value™ of 円103,806.55 (Modestly Undervalued). The stock has 5 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. MIRARTH Real Estate Investment's Revenue for the six months ended in Feb. 2026 was 円5,562 Mil. MIRARTH Real Estate Investment's Total Assets for the quarter that ended in Feb. 2026 was 円189,863 Mil. Therefore, MIRARTH Real Estate Investment's Asset Turnover for the quarter that ended in Feb. 2026 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. MIRARTH Real Estate Investment's annualized ROE % for the quarter that ended in Feb. 2026 was 5.74%. It is also linked to ROA % through Du Pont Formula. MIRARTH Real Estate Investment's annualized ROA % for the quarter that ended in Feb. 2026 was 2.73%.


MIRARTH Real Estate Investment  (TSE:3492) Asset Turnover Explanation

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

MIRARTH Real Estate Investment's annulized ROE % for the quarter that ended in Feb. 2026 is

ROE %**(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=5186.914/90408.0675
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5186.914 / 11124.52)*(11124.52 / 189863.3755)*(189863.3755/ 90408.0675)
=Net Margin %*Asset Turnover*Equity Multiplier
=46.63 %*0.0586*2.1001
=ROA %*Equity Multiplier
=2.73 %*2.1001
=5.74 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (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:

MIRARTH Real Estate Investment's annulized ROA % for the quarter that ended in Feb. 2026 is

ROA %(Q: Feb. 2026 )
=Net Income/Total Assets
=5186.914/189863.3755
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5186.914 / 11124.52)*(11124.52 / 189863.3755)
=Net Margin %*Asset Turnover
=46.63 %*0.0586
=2.73 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (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.


MIRARTH Real Estate Investment Asset Turnover Related Terms


MIRARTH Real Estate Investment Asset Turnover Historical Data

* Premium members only.

The historical data trend for MIRARTH Real Estate Investment'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.

MIRARTH Real Estate Investment Asset Turnover Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Asset Turnover
Get a 7-Day Free Trial 0.06 0.07 0.06 0.06 0.06

MIRARTH Real Estate Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.03 0.03 0.03 0.03 0.03

TSE:3492 vs VICI, WPC: Asset Turnover Comparison

For the REIT - Diversified subindustry, MIRARTH Real Estate Investment'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.


MIRARTH Real Estate Investment Asset Turnover vs REITs Industry

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

* The bar in red indicates where MIRARTH Real Estate Investment's Asset Turnover falls into.


TSE:3492
51GF Score
MIRARTH Real Estate Investment Corp TSE:3492
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MIRARTH Real Estate Investment Asset Turnover Calculation

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

MIRARTH Real Estate Investment's Asset Turnover for the fiscal year that ended in Aug. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Aug. 2025 )/( (Total Assets (A: Aug. 2024 )+Total Assets (A: Aug. 2025 ))/ count )
=10930.829/( (161256.76+187435.558)/ 2 )
=10930.829/174346.159
=0.06

MIRARTH Real Estate Investment'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: Aug. 2025 )+Total Assets (Q: Feb. 2026 ))/ count )
=5562.26/( (187435.558+192291.193)/ 2 )
=5562.26/189863.3755
=0.03

* 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 0.03 mean?
MIRARTH Real Estate Investment (TSE:3492) has a Asset Turnover of 0.03 as of Feb. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on MIRARTH Real Estate Investment and its competitors.
Is MIRARTH Real Estate Investment's Asset Turnover too high?
MIRARTH Real Estate Investment's current Asset Turnover is 0.03. Overall, MIRARTH Real Estate Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Asset Turnover compare to VICI and WPC?
MIRARTH Real Estate Investment's Asset Turnover of 0.03 can be compared against companies in the REITs 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 REITs company?
A good Asset Turnover depends on the REITs 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 MIRARTH Real Estate Investment and its competitors. MIRARTH Real Estate Investment's current Asset Turnover is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,806.55, compared to a current price of 円82,800.00 — trading 20.2% below its estimated fair value. The current Asset Turnover is 0.03. MIRARTH Real Estate Investment's overall GF Score™ is 51/100 with 5 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 MIRARTH Real Estate Investment (TSE:3492), the current Asset Turnover is 0.03 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 MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?

Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued. The current stock price of 円82,800.00 is trading 20.2% below its estimated GF Value™ of 円103,806.55. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • Asset Turnover: 0.03
  • GF Value™: 円103,806.55 vs. price of 円82,800.00 (20.2% below fair value)
  • GF Score™: 51/100 with 5 warning signs

No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MIRARTH Real Estate Investment Business Description

Industry Real EstateREITs
Address 2-2-1 Otemachi, Shin-Otemachi Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 107-0052
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
51GF Score

Get the complete analysis for TSE:3492

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

円82,800.00
Price
円103,806.55
GF Value