PJP Makrum (WAR:PJP) Asset Turnover: 0.14 (As of Mar. 2026)


WAR:PJP PJP Makrum SA WAR:PJP
74 GF Score
Price zł18.90
GF Value zł17.25
Valuation Fairly Valued
! 13 Warning Signs
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What is PJP Makrum Asset Turnover?

PJP Makrum WAR:PJP 74 Asset Turnover is 0.14 as of Mar. 2026. GuruFocus rates WAR:PJP with a GF Score™ of 74/100 and a GF Value™ of zł17.25 (Fairly Valued). The stock has 13 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. PJP Makrum's Revenue for the three months ended in Mar. 2026 was zł86.8 Mil. PJP Makrum's Total Assets for the quarter that ended in Mar. 2026 was zł611.4 Mil. Therefore, PJP Makrum's Asset Turnover for the quarter that ended in Mar. 2026 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. PJP Makrum's annualized ROE % for the quarter that ended in Mar. 2026 was -4.56%. It is also linked to ROA % through Du Pont Formula. PJP Makrum's annualized ROA % for the quarter that ended in Mar. 2026 was -1.23%.


PJP Makrum  (WAR:PJP) Asset Turnover Explanation

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

PJP Makrum's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-7.548/165.364
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-7.548 / 347.3)*(347.3 / 611.3745)*(611.3745/ 165.364)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.17 %*0.5681*3.6971
=ROA %*Equity Multiplier
=-1.23 %*3.6971
=-4.56 %

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:

PJP Makrum's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-7.548/611.3745
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.548 / 347.3)*(347.3 / 611.3745)
=Net Margin %*Asset Turnover
=-2.17 %*0.5681
=-1.23 %

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.


PJP Makrum Asset Turnover Related Terms


PJP Makrum Asset Turnover Historical Data

* Premium members only.

The historical data trend for PJP Makrum'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.

PJP Makrum Asset Turnover Chart

PJP Makrum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 1.62 1.14 1.11 0.98

PJP Makrum 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 0.28 0.27 0.32 0.27 0.14

WAR:PJP vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, PJP Makrum'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.


PJP Makrum Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PJP Makrum's Asset Turnover falls into.


WAR:PJP
74GF Score
PJP Makrum SA WAR:PJP
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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PJP Makrum Asset Turnover Calculation

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

PJP Makrum's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=492.498/( (397.402+608.268)/ 2 )
=492.498/502.835
=0.98

PJP Makrum'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 )
=86.825/( (608.268+614.481)/ 2 )
=86.825/611.3745
=0.14

* 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 0.14 mean?
PJP Makrum (WAR:PJP) has a Asset Turnover of 0.14 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on PJP Makrum and its competitors.
Is PJP Makrum's Asset Turnover too high?
PJP Makrum's current Asset Turnover is 0.14. Overall, PJP Makrum has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's Asset Turnover compare to PWR and FIX?
PJP Makrum's Asset Turnover of 0.14 can be compared against companies in the Construction 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 Construction company?
A good Asset Turnover depends on the Construction 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 PJP Makrum and its competitors. PJP Makrum's current Asset Turnover is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Fairly Valued. The stock's GF Value™ is zł17.25, compared to a current price of zł18.90 — trading 9.6% above its estimated fair value. The current Asset Turnover is 0.14. PJP Makrum's overall GF Score™ is 74/100 with 13 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 PJP Makrum (WAR:PJP), the current Asset Turnover is 0.14 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 PJP Makrum (WAR:PJP) Overvalued in 2026?

Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued. The current stock price of zł18.90 is trading 9.6% above its estimated GF Value™ of zł17.25. GuruFocus considers PJP Makrum to be Fairly Valued.

Key valuation signals for WAR:PJP:

  • Asset Turnover: 0.14
  • GF Value™: zł17.25 vs. price of zł18.90 (9.6% above fair value)
  • GF Score™: 74/100 with 13 warning signs

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


PJP Makrum Business Description

Address Plac Koscieleckich 3, Bydgoszcz, POL, 85-033
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
74GF Score

Get the complete analysis for WAR:PJP

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

zł18.90
Price
zł17.25
GF Value