Kardex Holding AG (XSWX:KARN) Asset Turnover: 0.87 (As of Dec. 2025)


XSWX:KARN Kardex Holding AG XSWX:KARN
98 GF Score
Price CHF226.50
GF Value CHF305.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kardex Holding AG Asset Turnover?

Kardex Holding AG XSWX:KARN -1.95% 98 Asset Turnover is 0.87 as of Dec. 2025. GuruFocus rates XSWX:KARN with a GF Score™ of 98/100 and a GF Value™ of CHF305.03 (Modestly 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. Kardex Holding AG's Revenue for the six months ended in Dec. 2025 was CHF405.6 Mil. Kardex Holding AG's Total Assets for the quarter that ended in Dec. 2025 was CHF466.6 Mil. Therefore, Kardex Holding AG's Asset Turnover for the quarter that ended in Dec. 2025 was 0.87.

Asset Turnover is linked to ROE % through Du Pont Formula. Kardex Holding AG's annualized ROE % for the quarter that ended in Dec. 2025 was 4.06%. It is also linked to ROA % through Du Pont Formula. Kardex Holding AG's annualized ROA % for the quarter that ended in Dec. 2025 was 2.16%.

Kardex Holding AG  (XSWX:KARN) Asset Turnover Explanation

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

Kardex Holding AG's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=10.078/248.239
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10.078 / 811.27)*(811.27 / 466.639)*(466.639/ 248.239)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.24 %*1.7385*1.8798
=ROA %*Equity Multiplier
=2.16 %*1.8798
=4.06 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Kardex Holding AG's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=10.078/466.639
=(Net Income / Revenue)*(Revenue / Total Assets)
=(10.078 / 811.27)*(811.27 / 466.639)
=Net Margin %*Asset Turnover
=1.24 %*1.7385
=2.16 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.

Kardex Holding AG Asset Turnover Related Terms

Kardex Holding AG Asset Turnover Historical Data

* Premium members only.

The historical data trend for Kardex Holding AG'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.

Kardex Holding AG Asset Turnover Chart

Kardex Holding AG 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 1.46 1.57 1.75 1.72 1.71

Kardex Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.90 0.87 0.89 0.84 0.87

XSWX:KARN vs GEV, ETN, PH: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, Kardex Holding AG'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.

Kardex Holding AG Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kardex Holding AG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Kardex Holding AG's Asset Turnover falls into.


XSWX:KARN
98GF Score
Kardex Holding AG XSWX:KARN
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Kardex Holding AG Asset Turnover Calculation

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

Kardex Holding AG'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 )
=793.541/( (460.738+469.369)/ 2 )
=793.541/465.0535
=1.71

Kardex Holding AG's Asset Turnover for the quarter that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=405.635/( (463.909+469.369)/ 2 )
=405.635/466.639
=0.87

* 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 0.87 mean?
Kardex Holding AG (XSWX:KARN) has a Asset Turnover of 0.87 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Kardex Holding AG and its competitors.
Is Kardex Holding AG's Asset Turnover too high?
Kardex Holding AG's current Asset Turnover is 0.87. Overall, Kardex Holding AG has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's Asset Turnover compare to GEV and ETN?
Kardex Holding AG's Asset Turnover of 0.87 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 Kardex Holding AG and its competitors. Kardex Holding AG's current Asset Turnover is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (XSWX:KARN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF305.03, compared to a current price of CHF226.50 — trading 25.7% below its estimated fair value. The current Asset Turnover is 0.87. Kardex Holding AG's overall GF Score™ is 98/100 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 Kardex Holding AG (XSWX:KARN), the current Asset Turnover is 0.87 as of Dec. 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 Kardex Holding AG (XSWX:KARN) Overvalued in 2026?

Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued. The current stock price of CHF226.50 is trading 25.7% below its estimated GF Value™ of CHF305.03. GuruFocus considers Kardex Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:KARN:

  • Asset Turnover: 0.87
  • GF Value™: CHF305.03 vs. price of CHF226.50 (25.7% below fair value)
  • GF Score™: 98/100 with 3 warning signs

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

Kardex Holding AG Business Description

Address Thurgauerstrasse 40, Zurich, CHE, 8050
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
98GF Score

Get the complete analysis for XSWX:KARN

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

CHF226.50
Price
CHF305.03
GF Value