Square Enix Holdings Co (TSE:9684) Asset Turnover: 0.19 (As of Mar. 2026)


TSE:9684 Square Enix Holdings Co Ltd TSE:9684
66 GF Score
Price 円2,410.00
GF Value 円1,850.87
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Square Enix Holdings Co Asset Turnover?

Square Enix Holdings Co TSE:9684 -0.02% 66 Asset Turnover is 0.19 as of Mar. 2026. GuruFocus rates TSE:9684 with a GF Score™ of 66/100 and a GF Value™ of 円1,850.87 (Modestly Overvalued). The stock has 1 warning sign 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. Square Enix Holdings Co's Revenue for the three months ended in Mar. 2026 was 円82,206 Mil. Square Enix Holdings Co's Total Assets for the quarter that ended in Mar. 2026 was 円430,694 Mil. Therefore, Square Enix Holdings Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Square Enix Holdings Co's annualized ROE % for the quarter that ended in Mar. 2026 was 4.64%. It is also linked to ROA % through Du Pont Formula. Square Enix Holdings Co's annualized ROA % for the quarter that ended in Mar. 2026 was 3.72%.


Square Enix Holdings Co  (TSE:9684) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=16036/345397
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(16036 / 328824)*(328824 / 430694)*(430694/ 345397)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.88 %*0.7635*1.247
=ROA %*Equity Multiplier
=3.72 %*1.247
=4.64 %

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:

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

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=16036/430694
=(Net Income / Revenue)*(Revenue / Total Assets)
=(16036 / 328824)*(328824 / 430694)
=Net Margin %*Asset Turnover
=4.88 %*0.7635
=3.72 %

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.


Square Enix Holdings Co Asset Turnover Related Terms


Square Enix Holdings Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Square Enix Holdings 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.

Square Enix Holdings Co Asset Turnover Chart

Square Enix Holdings 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 1.02 0.88 0.88 0.79 0.70

Square Enix Holdings 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 0.18 0.15 0.18 0.20 0.19

TSE:9684 vs NTES, EA, TTWO: Asset Turnover Comparison

For the Electronic Gaming & Multimedia subindustry, Square Enix Holdings 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.


Square Enix Holdings Co Asset Turnover vs Interactive Media Industry

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

* The bar in red indicates where Square Enix Holdings Co's Asset Turnover falls into.


TSE:9684
66GF Score
Square Enix Holdings Co Ltd TSE:9684
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Square Enix Holdings Co Asset Turnover Calculation

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

Square Enix Holdings 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 )
=297661/( (416160+438018)/ 2 )
=297661/427089
=0.70

Square Enix Holdings 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 )
=82206/( (423370+438018)/ 2 )
=82206/430694
=0.19

* 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 0.19 mean?
Square Enix Holdings Co (TSE:9684) has a Asset Turnover of 0.19 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Square Enix Holdings Co and its competitors.
Is Square Enix Holdings Co's Asset Turnover too high?
Square Enix Holdings Co's current Asset Turnover is 0.19. Overall, Square Enix Holdings Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Square Enix Holdings Co's Asset Turnover compare to NTES and EA?
Square Enix Holdings Co's Asset Turnover of 0.19 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 Square Enix Holdings Co and its competitors. Square Enix Holdings Co's current Asset Turnover is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Square Enix Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Square Enix Holdings Co (TSE:9684) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,850.87, compared to a current price of 円2,410.00 — trading 30.2% above its estimated fair value. The current Asset Turnover is 0.19. Square Enix Holdings Co's overall GF Score™ is 66/100 with 1 warning sign 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 Square Enix Holdings Co (TSE:9684), the current Asset Turnover is 0.19 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 Square Enix Holdings Co (TSE:9684) Overvalued in 2026?

Based on GuruFocus' analysis, Square Enix Holdings Co stock appears to be overvalued. The current stock price of 円2,410.00 is trading 30.2% above its estimated GF Value™ of 円1,850.87. GuruFocus considers Square Enix Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:9684:

  • Asset Turnover: 0.19
  • GF Value™: 円1,850.87 vs. price of 円2,410.00 (30.2% above fair value)
  • GF Score™: 66/100 with 1 warning sign

No single metric tells the full story. See the TSE:9684 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Square Enix Holdings Co Business Description

Address 6-27-30 Shinjuku, Shinjuku East Side Square, Shinjuku-ku, Tokyo, JPN, 160-8430
Square Enix is a Japanese video game publisher and entertainment company that was formed in 2003 through the merger between Square and Enix. The company is best known for its role-playing game franchises such as Final Fantasy, Dragon Quest, Kingdom Hearts, and Nier. The company also operates publishing, merchandise, and amusement businesses.
66GF Score

Get the complete analysis for TSE:9684

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

円2,410.00
Price
円1,850.87
GF Value