TAS Offshore Bhd (XKLS:5149) Asset Turnover: 0.12 (As of Feb. 2026)


XKLS:5149 TAS Offshore Bhd XKLS:5149
54 GF Score
Price RM0.50
GF Value RM0.86
Valuation Significantly Undervalued
! 3 Warning Signs
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What is TAS Offshore Bhd Asset Turnover?

TAS Offshore Bhd XKLS:5149 54 Asset Turnover is 0.12 as of Feb. 2026. GuruFocus rates XKLS:5149 with a GF Score™ of 54/100 and a GF Value™ of RM0.86 (Significantly Undervalued). The stock has 3 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. TAS Offshore Bhd's Revenue for the three months ended in Feb. 2026 was RM24.1 Mil. TAS Offshore Bhd's Total Assets for the quarter that ended in Feb. 2026 was RM198.6 Mil. Therefore, TAS Offshore Bhd's Asset Turnover for the quarter that ended in Feb. 2026 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. TAS Offshore Bhd's annualized ROE % for the quarter that ended in Feb. 2026 was 9.02%. It is also linked to ROA % through Du Pont Formula. TAS Offshore Bhd's annualized ROA % for the quarter that ended in Feb. 2026 was 5.93%.

TAS Offshore Bhd  (XKLS:5149) Asset Turnover Explanation

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

TAS Offshore Bhd's annulized ROE % for the quarter that ended in Feb. 2026 is

ROE %**(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=11.78/130.6485
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.78 / 96.56)*(96.56 / 198.576)*(198.576/ 130.6485)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.2 %*0.4863*1.5199
=ROA %*Equity Multiplier
=5.93 %*1.5199
=9.02 %

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:

TAS Offshore Bhd's annulized ROA % for the quarter that ended in Feb. 2026 is

ROA %(Q: Feb. 2026 )
=Net Income/Total Assets
=11.78/198.576
=(Net Income / Revenue)*(Revenue / Total Assets)
=(11.78 / 96.56)*(96.56 / 198.576)
=Net Margin %*Asset Turnover
=12.2 %*0.4863
=5.93 %

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.

TAS Offshore Bhd Asset Turnover Related Terms

TAS Offshore Bhd Asset Turnover Historical Data

* Premium members only.

The historical data trend for TAS Offshore Bhd'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.

TAS Offshore Bhd Asset Turnover Chart

TAS Offshore Bhd Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.47 0.27 0.42 0.72

TAS Offshore Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.10 0.13 0.28 0.23 0.12

XKLS:5149 vs SPCX, GE, RTX: Asset Turnover Comparison

For the Aerospace & Defense subindustry, TAS Offshore Bhd'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.

TAS Offshore Bhd Asset Turnover vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TAS Offshore Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where TAS Offshore Bhd's Asset Turnover falls into.


XKLS:5149
54GF Score
TAS Offshore Bhd XKLS:5149
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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TAS Offshore Bhd Asset Turnover Calculation

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

TAS Offshore Bhd's Asset Turnover for the fiscal year that ended in May. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2025 )/( (Total Assets (A: May. 2024 )+Total Assets (A: May. 2025 ))/ count )
=145.168/( (194.866+205.967)/ 2 )
=145.168/200.4165
=0.72

TAS Offshore Bhd'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 )
=24.14/( (200.124+197.028)/ 2 )
=24.14/198.576
=0.12

* 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 0.12 mean?
TAS Offshore Bhd (XKLS:5149) has a Asset Turnover of 0.12 as of Feb. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on TAS Offshore Bhd and its competitors.
Is TAS Offshore Bhd's Asset Turnover too high?
TAS Offshore Bhd's current Asset Turnover is 0.12. Overall, TAS Offshore Bhd has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAS Offshore Bhd's Asset Turnover compare to SPCX and GE?
TAS Offshore Bhd's Asset Turnover of 0.12 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Asset Turnover depends on the Aerospace & Defense 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 TAS Offshore Bhd and its competitors. TAS Offshore Bhd's current Asset Turnover is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAS Offshore Bhd stock overvalued right now?
Based on GuruFocus' analysis, TAS Offshore Bhd (XKLS:5149) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.86, compared to a current price of RM0.50 — trading 42.4% below its estimated fair value. The current Asset Turnover is 0.12. TAS Offshore Bhd's overall GF Score™ is 54/100 with 3 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 TAS Offshore Bhd (XKLS:5149), the current Asset Turnover is 0.12 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 TAS Offshore Bhd (XKLS:5149) Overvalued in 2026?

Based on GuruFocus' analysis, TAS Offshore Bhd stock appears to be undervalued. The current stock price of RM0.50 is trading 42.4% below its estimated GF Value™ of RM0.86. GuruFocus considers TAS Offshore Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5149:

  • Asset Turnover: 0.12
  • GF Value™: RM0.86 vs. price of RM0.50 (42.4% below fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TAS Offshore Bhd Business Description

Address Lot 199, Sungai Maaw Road, P.O. Box 920, Sungai Bidut, Sibu, SWK, MYS, 96000
TAS Offshore Bhd is an investment holding company engaged in shipbuilding and ship repairing activities across Malaysia, Singapore, and Indonesia. Its shipbuilding operations include constructing vessels such as tugboats, anchor handling tugs, anchor handling tug supply vessels, utility vessels, workboats, ferries, and cargo ships. The company also provides ship repair services, including routine maintenance, machinery inspection, repainting, and damage repair. Additionally, TAS Offshore offers vessel chartering services. It generates revenue through contracting shipbuilding, repair projects, and vessel leasing, serving clients in the marine and offshore industries.
54GF Score

Get the complete analysis for XKLS:5149

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

RM0.50
Price
RM0.86
GF Value