Hatena Co (TSE:3930) Asset Turnover: 0.29 (As of Apr. 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:3930 Hatena Co Ltd TSE:3930
70 GF Score
Price 円1,130.00
GF Value 円775.66
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Hatena Co Asset Turnover?

Hatena Co TSE:3930 -0.88% 70 Asset Turnover is 0.29 as of Apr. 2026. GuruFocus rates TSE:3930 with a GF Score™ of 70/100 and a GF Value™ of 円775.66 (Significantly Overvalued). 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. Hatena Co's Revenue for the three months ended in Apr. 2026 was 円919 Mil. Hatena Co's Total Assets for the quarter that ended in Apr. 2026 was 円3,127 Mil. Therefore, Hatena Co's Asset Turnover for the quarter that ended in Apr. 2026 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. Hatena Co's annualized ROE % for the quarter that ended in Apr. 2026 was -125.07%. It is also linked to ROA % through Du Pont Formula. Hatena Co's annualized ROA % for the quarter that ended in Apr. 2026 was -100.34%.


Hatena Co  (TSE:3930) Asset Turnover Explanation

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

Hatena Co's annulized ROE % for the quarter that ended in Apr. 2026 is

ROE %**(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=-3137.628/2508.7935
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3137.628 / 3675.652)*(3675.652 / 3126.942)*(3126.942/ 2508.7935)
=Net Margin %*Asset Turnover*Equity Multiplier
=-85.36 %*1.1755*1.2464
=ROA %*Equity Multiplier
=-100.34 %*1.2464
=-125.07 %

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

Hatena Co's annulized ROA % for the quarter that ended in Apr. 2026 is

ROA %(Q: Apr. 2026 )
=Net Income/Total Assets
=-3137.628/3126.942
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3137.628 / 3675.652)*(3675.652 / 3126.942)
=Net Margin %*Asset Turnover
=-85.36 %*1.1755
=-100.34 %

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


Hatena Co Asset Turnover Related Terms


Hatena Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Hatena Co'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.

Hatena Co Asset Turnover Chart

Hatena Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.10 1.08 1.14 1.19

Hatena Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.27 0.26 0.26 0.00 0.29

TSE:3930 vs GOOGL, META, SPOT: Asset Turnover Comparison

For the Internet Content & Information subindustry, Hatena 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.


Hatena Co Asset Turnover vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Hatena Co's Asset Turnover distribution charts can be found below:

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


TSE:3930
70GF Score
Hatena Co Ltd TSE:3930
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hatena Co Asset Turnover Calculation

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

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2025 )/( (Total Assets (A: Jul. 2024 )+Total Assets (A: Jul. 2025 ))/ count )
=3794.875/( (2909.178+3450.97)/ 2 )
=3794.875/3180.074
=1.19

Hatena Co's Asset Turnover for the quarter that ended in Apr. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2026 )/( (Total Assets (Q: Jan. 2026 )+Total Assets (Q: Apr. 2026 ))/ count )
=918.913/( (3544.092+2709.792)/ 2 )
=918.913/3126.942
=0.29

* 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 0.29 mean?
Hatena Co (TSE:3930) has a Asset Turnover of 0.29 as of Apr. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hatena Co and its competitors.
Is Hatena Co's Asset Turnover too high?
Hatena Co's current Asset Turnover is 0.29. Overall, Hatena Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's Asset Turnover compare to GOOGL and META?
Hatena Co's Asset Turnover of 0.29 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Asset Turnover depends on the Interactive Media 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 Hatena Co and its competitors. Hatena Co's current Asset Turnover is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Significantly Overvalued. The stock's GF Value™ is 円775.66, compared to a current price of 円1,130.00 — trading 45.7% above its estimated fair value. The current Asset Turnover is 0.29. Hatena Co's overall GF Score™ is 70/100 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 Hatena Co (TSE:3930), the current Asset Turnover is 0.29 as of Apr. 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 Hatena Co (TSE:3930) Overvalued in 2026?

Based on GuruFocus' analysis, Hatena Co stock appears to be overvalued. The current stock price of 円1,130.00 is trading 45.7% above its estimated GF Value™ of 円775.66. GuruFocus considers Hatena Co to be Significantly Overvalued.

Key valuation signals for TSE:3930:

  • Asset Turnover: 0.29
  • GF Value™: 円775.66 vs. price of 円1,130.00 (45.7% above fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hatena Co Business Description

Address Takamiya-cho 206, Yubinbango, Kyoto Prefecture Oike Aino-cho HigashiIri, Oike building, 9th floor, Nakagyo-ku, Kyoto, JPN, 604-0835
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
70GF Score

Get the complete analysis for TSE:3930

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

円1,130.00
Price
円775.66
GF Value