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Asset Turnover is linked to ROE % through Du Pont Formula. Starts Proceed Investment's annualizedROE % for the quarter that ended in Oct. 2025 was 5.16%. It is also linked to ROA % through Du Pont Formula. Starts Proceed Investment's annualizedROA % for the quarter that ended in Oct. 2025 was 2.37%.
Note:
The Net Income data used here is two times the semi-annual (Oct. 2025) net income data. The Revenue data used here is two times the semi-annual (Oct. 2025) 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:
Starts Proceed Investment's annulizedROA % for the quarter that ended in Oct. 2025 is
Note:
The Net Income data used here is two times the semi-annual (Oct. 2025) net income data. The Revenue data used here is two times the semi-annual (Oct. 2025) 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.
Starts Proceed Investment Asset Turnover Related Terms
Starts Proceed Investment Asset Turnover Historical 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.
TSE:8979 vs AVB, EQR, ESS: Asset Turnover Comparison
For the REIT - Residential subindustry, Starts Proceed 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.
Starts Proceed Investment Asset Turnover vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment's Asset Turnover falls into.
* 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.
Starts Proceed Investment (TSE:8979) has a Asset Turnover of 0.04 as of Oct. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Starts Proceed Investment and its competitors.
Is Starts Proceed Investment's Asset Turnover too high?
Starts Proceed Investment's current Asset Turnover is 0.04. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's Asset Turnover compare to AVB and EQR?
Starts Proceed Investment's Asset Turnover of 0.04 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 Starts Proceed Investment and its competitors. Starts Proceed Investment's current Asset Turnover is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,918.35, compared to a current price of 円187,100.00 — trading 11.7% below its estimated fair value. The current Asset Turnover is 0.04. Starts Proceed Investment's overall GF Score™ is 64/100 with 6 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 Starts Proceed Investment (TSE:8979), the current Asset Turnover is 0.04 as of Oct. 2025. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円187,100.00 is trading 11.7% below its estimated GF Value™ of 円211,918.35.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
Asset Turnover: 0.04
GF Value™: 円211,918.35 vs. price of 円187,100.00 (11.7% below fair value)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score
Get the complete analysis for TSE:8979
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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