Tenda Co (TSE:4198) Asset Turnover: 0.38 (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:4198 Tenda Co Ltd TSE:4198
78 GF Score
Price 円492.00
GF Value 円895.12
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Tenda Co Asset Turnover?

Tenda Co TSE:4198 -1.40% 78 Asset Turnover is 0.38 as of Feb. 2026. GuruFocus rates TSE:4198 with a GF Score™ of 78/100 and a GF Value™ of 円895.12 (Significantly Undervalued). 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. Tenda Co's Revenue for the three months ended in Feb. 2026 was 円1,338 Mil. Tenda Co's Total Assets for the quarter that ended in Feb. 2026 was 円3,496 Mil. Therefore, Tenda Co's Asset Turnover for the quarter that ended in Feb. 2026 was 0.38.

Asset Turnover is linked to ROE % through Du Pont Formula. Tenda Co's annualized ROE % for the quarter that ended in Feb. 2026 was 7.40%. It is also linked to ROA % through Du Pont Formula. Tenda Co's annualized ROA % for the quarter that ended in Feb. 2026 was 5.43%.


Tenda Co  (TSE:4198) Asset Turnover Explanation

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

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

ROE %**(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=189.884/2567.131
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(189.884 / 5351.66)*(5351.66 / 3495.936)*(3495.936/ 2567.131)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.55 %*1.5308*1.3618
=ROA %*Equity Multiplier
=5.43 %*1.3618
=7.40 %

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:

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

ROA %(Q: Feb. 2026 )
=Net Income/Total Assets
=189.884/3495.936
=(Net Income / Revenue)*(Revenue / Total Assets)
=(189.884 / 5351.66)*(5351.66 / 3495.936)
=Net Margin %*Asset Turnover
=3.55 %*1.5308
=5.43 %

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.


Tenda Co Asset Turnover Related Terms


Tenda Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tenda 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.

Tenda Co Asset Turnover Chart

Tenda Co Annual Data
Trend May19 May20 May21 May22 May23 May24 May25 May26
Asset Turnover
Get a 7-Day Free Trial 1.44 1.36 1.45 1.43 1.38

Tenda Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 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 0.37 0.34 0.35 0.38 0.37

TSE:4198 vs IBM, ACN, FISV: Asset Turnover Comparison

For the Information Technology Services subindustry, Tenda 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.


Tenda Co Asset Turnover vs Software Industry

For the Software industry and Technology sector, Tenda Co's Asset Turnover distribution charts can be found below:

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


TSE:4198
78GF Score
Tenda Co Ltd TSE:4198
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tenda Co Asset Turnover Calculation

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

Tenda Co's Asset Turnover for the fiscal year that ended in May. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2026 )/( (Total Assets (A: May. 2025 )+Total Assets (A: May. 2026 ))/ count )
=5131.278/( (3876.643+3543.596)/ 2 )
=5131.278/3710.1195
=1.38

Tenda Co'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 )
=1337.915/( (3489.065+3502.807)/ 2 )
=1337.915/3495.936
=0.38

* 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 0.38 mean?
Tenda Co (TSE:4198) has a Asset Turnover of 0.38 as of Feb. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tenda Co and its competitors.
Is Tenda Co's Asset Turnover too high?
Tenda Co's current Asset Turnover is 0.38. Overall, Tenda Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenda Co's Asset Turnover compare to IBM and ACN?
Tenda Co's Asset Turnover of 0.38 can be compared against companies in the Software 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 Software company?
A good Asset Turnover depends on the Software 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 Tenda Co and its competitors. Tenda Co's current Asset Turnover is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenda Co stock overvalued right now?
Based on GuruFocus' analysis, Tenda Co (TSE:4198) is currently considered Significantly Undervalued. The stock's GF Value™ is 円895.12, compared to a current price of 円492.00 — trading 45% below its estimated fair value. The current Asset Turnover is 0.38. Tenda Co's overall GF Score™ is 78/100 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 Tenda Co (TSE:4198), the current Asset Turnover is 0.38 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 Tenda Co (TSE:4198) Overvalued in 2026?

Based on GuruFocus' analysis, Tenda Co stock appears to be undervalued. The current stock price of 円492.00 is trading 45% below its estimated GF Value™ of 円895.12. GuruFocus considers Tenda Co to be Significantly Undervalued.

Key valuation signals for TSE:4198:

  • Asset Turnover: 0.38
  • GF Value™: 円895.12 vs. price of 円492.00 (45% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the TSE:4198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tenda Co Business Description

Address 1-11-1 Nishi-Ikebukuro, WeWork Metropolitan Plaza Building, Toshima-ku, Tokyo, JPN, 171-0021
Tenda Co Ltd is engaged in the development, maintenance, and operation of web systems and related websites, applications, through contract work, as well as the provision of business products, and the planning, development, operation, and maintenance of game content.
78GF Score

Get the complete analysis for TSE:4198

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

円492.00
Price
円895.12
GF Value