Changzhou Tonghui Electronic Co (BJSE:920509) Asset Turnover: 0.17 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BJSE:920509 Changzhou Tonghui Electronic Co Ltd BJSE:920509
97 GF Score
Price ¥20.15
GF Value ¥24.52
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Changzhou Tonghui Electronic Co Asset Turnover?

Changzhou Tonghui Electronic Co BJSE:920509 97 Asset Turnover is 0.17 as of Jun. 2026. GuruFocus rates BJSE:920509 with a GF Score™ of 97/100 and a GF Value™ of ¥24.52 (Modestly Undervalued). 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. Changzhou Tonghui Electronic Co's Revenue for the three months ended in Jun. 2026 was ¥69.6 Mil. Changzhou Tonghui Electronic Co's Total Assets for the quarter that ended in Jun. 2026 was ¥414.9 Mil. Therefore, Changzhou Tonghui Electronic Co's Asset Turnover for the quarter that ended in Jun. 2026 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Changzhou Tonghui Electronic Co's annualized ROE % for the quarter that ended in Jun. 2026 was 22.75%. It is also linked to ROA % through Du Pont Formula. Changzhou Tonghui Electronic Co's annualized ROA % for the quarter that ended in Jun. 2026 was 20.17%.


Changzhou Tonghui Electronic Co  (BJSE:920509) Asset Turnover Explanation

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

Changzhou Tonghui Electronic Co's annulized ROE % for the quarter that ended in Jun. 2026 is

ROE %**(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=83.676/367.8835
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(83.676 / 278.436)*(278.436 / 414.8825)*(414.8825/ 367.8835)
=Net Margin %*Asset Turnover*Equity Multiplier
=30.05 %*0.6711*1.1278
=ROA %*Equity Multiplier
=20.17 %*1.1278
=22.75 %

Note: The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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:

Changzhou Tonghui Electronic Co's annulized ROA % for the quarter that ended in Jun. 2026 is

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=83.676/414.8825
=(Net Income / Revenue)*(Revenue / Total Assets)
=(83.676 / 278.436)*(278.436 / 414.8825)
=Net Margin %*Asset Turnover
=30.05 %*0.6711
=20.17 %

Note: The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.


Changzhou Tonghui Electronic Co Asset Turnover Related Terms


Changzhou Tonghui Electronic Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Changzhou Tonghui Electronic 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.

Changzhou Tonghui Electronic Co Asset Turnover Chart

Changzhou Tonghui Electronic Co 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 0.44 0.49 0.42 0.49 0.57

Changzhou Tonghui Electronic Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.16 0.13 0.20 0.10 0.17

BJSE:920509 vs COHR, KEYS, GRMN: Asset Turnover Comparison

For the Scientific & Technical Instruments subindustry, Changzhou Tonghui Electronic 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.


Changzhou Tonghui Electronic Co Asset Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Changzhou Tonghui Electronic Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Changzhou Tonghui Electronic Co's Asset Turnover falls into.


BJSE:920509
97GF Score
Changzhou Tonghui Electronic Co Ltd BJSE:920509
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changzhou Tonghui Electronic Co Asset Turnover Calculation

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

Changzhou Tonghui Electronic Co'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 )
=231.899/( (391.856+428.443)/ 2 )
=231.899/410.1495
=0.57

Changzhou Tonghui Electronic Co's Asset Turnover for the quarter that ended in Jun. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2026 )/( (Total Assets (Q: Mar. 2026 )+Total Assets (Q: Jun. 2026 ))/ count )
=69.609/( (428.265+401.5)/ 2 )
=69.609/414.8825
=0.17

* 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 0.17 mean?
Changzhou Tonghui Electronic Co (BJSE:920509) has a Asset Turnover of 0.17 as of Jun. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Changzhou Tonghui Electronic Co and its competitors.
Is Changzhou Tonghui Electronic Co's Asset Turnover too high?
Changzhou Tonghui Electronic Co's current Asset Turnover is 0.17. Overall, Changzhou Tonghui Electronic Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Tonghui Electronic Co's Asset Turnover compare to COHR and KEYS?
Changzhou Tonghui Electronic Co's Asset Turnover of 0.17 can be compared against companies in the Hardware 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 Hardware company?
A good Asset Turnover depends on the Hardware 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 Changzhou Tonghui Electronic Co and its competitors. Changzhou Tonghui Electronic Co's current Asset Turnover is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Tonghui Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Tonghui Electronic Co (BJSE:920509) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.52, compared to a current price of ¥20.15 — trading 17.8% below its estimated fair value. The current Asset Turnover is 0.17. Changzhou Tonghui Electronic Co's overall GF Score™ is 97/100 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 Changzhou Tonghui Electronic Co (BJSE:920509), the current Asset Turnover is 0.17 as of Jun. 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 Changzhou Tonghui Electronic Co (BJSE:920509) Overvalued in 2026?

Based on GuruFocus' analysis, Changzhou Tonghui Electronic Co stock appears to be undervalued. The current stock price of ¥20.15 is trading 17.8% below its estimated GF Value™ of ¥24.52. GuruFocus considers Changzhou Tonghui Electronic Co to be Modestly Undervalued.

Key valuation signals for BJSE:920509:

  • Asset Turnover: 0.17
  • GF Value™: ¥24.52 vs. price of ¥20.15 (17.8% below fair value)
  • GF Score™: 97/100 with 1 warning sign

No single metric tells the full story. See the BJSE:920509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changzhou Tonghui Electronic Co Business Description

Address No. 1, Xinzhu Road,, Xinbei District, Jiangsu Province, Changzhou, CHN, 213022
Changzhou Tonghui Electronic Co Ltd operates as a manufacturer of electronic test and measurement instruments. Its product categories include Component Parameter Tester, Micro Signal Type Tester, Power Electronic Tester, Electrical Safety Tester, Cable Tester, and Accessories.
97GF Score

Get the complete analysis for BJSE:920509

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

¥20.15
Price
¥24.52
GF Value