Ishiharangyo Kaisha (TSE:4028) Asset Turnover: 0.20 (As of Mar. 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:4028 Ishihara Sangyo Kaisha Ltd TSE:4028
70 GF Score
Price 円2,984.00
GF Value 円1,814.18
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ishiharangyo Kaisha Asset Turnover?

Ishiharangyo Kaisha TSE:4028 +7.30% 70 Asset Turnover is 0.20 as of Mar. 2026. GuruFocus rates TSE:4028 with a GF Score™ of 70/100 and a GF Value™ of 円1,814.18 (Significantly Overvalued). The stock has 2 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. Ishiharangyo Kaisha's Revenue for the three months ended in Mar. 2026 was 円46,825 Mil. Ishiharangyo Kaisha's Total Assets for the quarter that ended in Mar. 2026 was 円238,700 Mil. Therefore, Ishiharangyo Kaisha's Asset Turnover for the quarter that ended in Mar. 2026 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Ishiharangyo Kaisha's annualized ROE % for the quarter that ended in Mar. 2026 was 22.51%. It is also linked to ROA % through Du Pont Formula. Ishiharangyo Kaisha's annualized ROA % for the quarter that ended in Mar. 2026 was 11.78%.


Ishiharangyo Kaisha  (TSE:4028) Asset Turnover Explanation

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

Ishiharangyo Kaisha's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=28120/124910
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(28120 / 187300)*(187300 / 238699.5)*(238699.5/ 124910)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.01 %*0.7847*1.911
=ROA %*Equity Multiplier
=11.78 %*1.911
=22.51 %

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

Ishiharangyo Kaisha's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=28120/238699.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(28120 / 187300)*(187300 / 238699.5)
=Net Margin %*Asset Turnover
=15.01 %*0.7847
=11.78 %

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


Ishiharangyo Kaisha Asset Turnover Related Terms


Ishiharangyo Kaisha Asset Turnover Historical Data

* Premium members only.

The historical data trend for Ishiharangyo Kaisha'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.

Ishiharangyo Kaisha Asset Turnover Chart

Ishiharangyo Kaisha Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.68 0.65 0.65 0.67

Ishiharangyo Kaisha Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.18 0.18 0.14 0.13 0.20

TSE:4028 vs LIN, SHW, ECL: Asset Turnover Comparison

For the Specialty Chemicals subindustry, Ishiharangyo Kaisha'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.


Ishiharangyo Kaisha Asset Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ishiharangyo Kaisha's Asset Turnover distribution charts can be found below:

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


TSE:4028
70GF Score
Ishihara Sangyo Kaisha Ltd TSE:4028
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ishiharangyo Kaisha Asset Turnover Calculation

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

Ishiharangyo Kaisha's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=154897/( (225097+240408)/ 2 )
=154897/232752.5
=0.67

Ishiharangyo Kaisha's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=46825/( (236991+240408)/ 2 )
=46825/238699.5
=0.20

* 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 0.20 mean?
Ishiharangyo Kaisha (TSE:4028) has a Asset Turnover of 0.20 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ishiharangyo Kaisha and its competitors.
Is Ishiharangyo Kaisha's Asset Turnover too high?
Ishiharangyo Kaisha's current Asset Turnover is 0.20. Overall, Ishiharangyo Kaisha has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ishiharangyo Kaisha's Asset Turnover compare to LIN and SHW?
Ishiharangyo Kaisha's Asset Turnover of 0.20 can be compared against companies in the Chemicals 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 Chemicals company?
A good Asset Turnover depends on the Chemicals 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 Ishiharangyo Kaisha and its competitors. Ishiharangyo Kaisha's current Asset Turnover is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishiharangyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Ishiharangyo Kaisha (TSE:4028) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,814.18, compared to a current price of 円2,984.00 — trading 64.5% above its estimated fair value. The current Asset Turnover is 0.20. Ishiharangyo Kaisha's overall GF Score™ is 70/100 with 2 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 Ishiharangyo Kaisha (TSE:4028), the current Asset Turnover is 0.20 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 Ishiharangyo Kaisha (TSE:4028) Overvalued in 2026?

Based on GuruFocus' analysis, Ishiharangyo Kaisha stock appears to be overvalued. The current stock price of 円2,984.00 is trading 64.5% above its estimated GF Value™ of 円1,814.18. GuruFocus considers Ishiharangyo Kaisha to be Significantly Overvalued.

Key valuation signals for TSE:4028:

  • Asset Turnover: 0.20
  • GF Value™: 円1,814.18 vs. price of 円2,984.00 (64.5% above fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the TSE:4028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ishiharangyo Kaisha Business Description

Address 3-15 Edobori 1-chome, Nishi-ku, Osaka, JPN, 550-0002
Ishihara Sangyo Kaisha Ltd is mainly engaged in the manufacturing and marketing of agricultural chemicals in Japan. The company's core business activities are categorized into three key segments - Inorganic Chemicals, Organic Chemicals, and Other Businesses. Its product line consists of titanium dioxide products, environmental products such as gypsum and iron oxide stably, pharmaceuticals, battery materials and organic intermediates. Its primary geographic markets are Japan, Asia, America, Europe, and other.
70GF Score

Get the complete analysis for TSE:4028

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

円2,984.00
Price
円1,814.18
GF Value