Asparagus is a popular vegetable rich in healthy functional components. However, the process of its production leaves ferns from aboveground parts and roots from underground parts as unusable parts, and this is an issue to be resolved. In our previous studies, large amounts of rutin were noted in the cladophylls and storage roots (brown and epidermis), and the protodioscin content was high in buds, in the soil-covered section of spears, and in rhizomes. This study was conducted to examine the distribution of growth-inhibitory activity and mineral contents in different parts of asparagus. Correlations, including representative functional components (rutin and protodioscin), were examined. The results suggest there are differences in growth-inhibitory activity of different parts of asparagus. The growth-inhibitory activity was strong in the buds, rhizome, and absorptive and storage roots, and weak in the cladophylls and lateral branches. The percent N content of the aboveground part of asparagus was high compared with that in the aboveground part of other crops. Although the percent K content was similar to the mean of the aboveground part of other crops, it was higher than that in general green manure, suggesting the residual stems and leaves of the aboveground part of asparagus are effective green manure. In the aboveground part of asparagus, the rutin content and percent N and K content were higher, whereas growth-inhibitory activity tended to be low, suggesting that when no disease developed in the aboveground part, it can be used as an organic substance.