TOC Co (TSE:8841) Asset Turnover: 0.03 (As of Mar. 2026)


TSE:8841 TOC Co Ltd TSE:8841
80 GF Score
Price 円968.00
GF Value 円832.55
Valuation Modestly Overvalued
! 4 Warning Signs
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What is TOC Co Asset Turnover?

TOC Co TSE:8841 +0.83% 80 Asset Turnover is 0.03 as of Mar. 2026. GuruFocus rates TSE:8841 with a GF Score™ of 80/100 and a GF Value™ of 円832.55 (Modestly Overvalued). 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. TOC Co's Revenue for the three months ended in Mar. 2026 was 円4,072 Mil. TOC Co's Total Assets for the quarter that ended in Mar. 2026 was 円120,980 Mil. Therefore, TOC Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. TOC Co's annualized ROE % for the quarter that ended in Mar. 2026 was 2.13%. It is also linked to ROA % through Du Pont Formula. TOC Co's annualized ROA % for the quarter that ended in Mar. 2026 was 1.83%.

TOC Co  (TSE:8841) Asset Turnover Explanation

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

TOC Co's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2208/103552.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2208 / 16288)*(16288 / 120979.5)*(120979.5/ 103552.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.56 %*0.1346*1.1683
=ROA %*Equity Multiplier
=1.83 %*1.1683
=2.13 %

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:

TOC Co's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=2208/120979.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2208 / 16288)*(16288 / 120979.5)
=Net Margin %*Asset Turnover
=13.56 %*0.1346
=1.83 %

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.

TOC Co Asset Turnover Related Terms

TOC Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for TOC 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.

TOC Co Asset Turnover Chart

TOC Co 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 0.15 0.14 0.12 0.11 0.13

TOC Co 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 0.03 0.03 0.03 0.03 0.03

TSE:8841 vs CBRE, BEKE, JLL: Asset Turnover Comparison

For the Real Estate Services subindustry, TOC 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.

TOC Co Asset Turnover vs Real Estate Industry

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

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


TSE:8841
80GF Score
TOC Co Ltd TSE:8841
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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TOC Co Asset Turnover Calculation

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

TOC Co'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 )
=15155/( (114896+122226)/ 2 )
=15155/118561
=0.13

TOC Co'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 )
=4072/( (119733+122226)/ 2 )
=4072/120979.5
=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?
TOC Co (TSE:8841) has a Asset Turnover of 0.03 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on TOC Co and its competitors.
Is TOC Co's Asset Turnover too high?
TOC Co's current Asset Turnover is 0.03. Overall, TOC Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOC Co's Asset Turnover compare to CBRE and BEKE?
TOC Co's Asset Turnover of 0.03 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 TOC Co and its competitors. TOC Co'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 TOC Co stock overvalued right now?
Based on GuruFocus' analysis, TOC Co (TSE:8841) is currently considered Modestly Overvalued. The stock's GF Value™ is 円832.55, compared to a current price of 円968.00 — trading 16.3% above its estimated fair value. The current Asset Turnover is 0.03. TOC Co's overall GF Score™ is 80/100 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 TOC Co (TSE:8841), the current Asset Turnover is 0.03 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 TOC Co (TSE:8841) Overvalued in 2026?

Based on GuruFocus' analysis, TOC Co stock appears to be overvalued. The current stock price of 円968.00 is trading 16.3% above its estimated GF Value™ of 円832.55. GuruFocus considers TOC Co to be Modestly Overvalued.

Key valuation signals for TSE:8841:

  • Asset Turnover: 0.03
  • GF Value™: 円832.55 vs. price of 円968.00 (16.3% above fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the TSE:8841 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TOC Co Business Description

Other Exchanges T3O:Germany
Address 7-22-17 Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031
TOC Co Ltd is a Japan-based company with three business segments: real estate, linen supply and laundry, and other. The real estate segment is engaged in planning, execution, and management of urban development projects. The linen supply and laundry segment is engaged in supplying various linens used in hotels and restaurants, and offering dry cleaning services. The other segment contains a pharmaceuticals business, operates a sports club and a bathing facility, includes retail and restaurant businesses, and engages in building maintenance services. The company generates most of its revenue from the real estate segment.
80GF Score

Get the complete analysis for TSE:8841

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

円968.00
Price
円832.55
GF Value