CMDKF (China Modern Dairy Holdings) Asset Turnover: 0.19 (As of Dec. 2025)

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.

CMDKF China Modern Dairy Holdings Ltd CMDKF
57 GF Score
Price $0.22
GF Value $0.14
! 10 Warning Signs
View Full Analysis

What is China Modern Dairy Holdings Asset Turnover?

China Modern Dairy Holdings CMDKF 57 Asset Turnover is 0.19 as of Dec. 2025. GuruFocus rates CMDKF with a GF Score™ of 57/100 and a GF Value™ of $0.14. The stock has 10 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. China Modern Dairy Holdings's Revenue for the six months ended in Dec. 2025 was $927 Mil. China Modern Dairy Holdings's Total Assets for the quarter that ended in Dec. 2025 was $4,922 Mil. Therefore, China Modern Dairy Holdings's Asset Turnover for the quarter that ended in Dec. 2025 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. China Modern Dairy Holdings's annualized ROE % for the quarter that ended in Dec. 2025 was -5.16%. It is also linked to ROA % through Du Pont Formula. China Modern Dairy Holdings's annualized ROA % for the quarter that ended in Dec. 2025 was -1.24%.


China Modern Dairy Holdings  (OTCPK:CMDKF) Asset Turnover Explanation

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

China Modern Dairy Holdings's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-61.096/1183.0955
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-61.096 / 1853.758)*(1853.758 / 4921.519)*(4921.519/ 1183.0955)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.3 %*0.3767*4.1599
=ROA %*Equity Multiplier
=-1.24 %*4.1599
=-5.16 %

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.

** 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:

China Modern Dairy Holdings's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-61.096/4921.519
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-61.096 / 1853.758)*(1853.758 / 4921.519)
=Net Margin %*Asset Turnover
=-3.3 %*0.3767
=-1.24 %

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.


China Modern Dairy Holdings Asset Turnover Related Terms


China Modern Dairy Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for China Modern Dairy Holdings'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.

China Modern Dairy Holdings Asset Turnover Chart

China Modern Dairy Holdings 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 0.37 0.45 0.44 0.40 0.36

China Modern Dairy Holdings 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 0.23 0.20 0.21 0.18 0.19

CMDKF vs ADM, BG, TSN: Asset Turnover Comparison

For the Farm Products subindustry, China Modern Dairy Holdings'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.


China Modern Dairy Holdings Asset Turnover vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Modern Dairy Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where China Modern Dairy Holdings's Asset Turnover falls into.


CMDKF
57GF Score
China Modern Dairy Holdings Ltd CMDKF
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Modern Dairy Holdings Asset Turnover Calculation

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

China Modern Dairy Holdings'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 )
=1789.061/( (4661.715+5193.436)/ 2 )
=1789.061/4927.5755
=0.36

China Modern Dairy Holdings'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 )
=926.879/( (4649.602+5193.436)/ 2 )
=926.879/4921.519
=0.19

* 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 0.19 mean?
China Modern Dairy Holdings (CMDKF) has a Asset Turnover of 0.19 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on China Modern Dairy Holdings and its competitors.
Is China Modern Dairy Holdings' Asset Turnover too high?
China Modern Dairy Holdings' current Asset Turnover is 0.19. Overall, China Modern Dairy Holdings has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does China Modern Dairy Holdings' Asset Turnover compare to ADM and BG?
China Modern Dairy Holdings' Asset Turnover of 0.19 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods 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 China Modern Dairy Holdings and its competitors. China Modern Dairy Holdings's current Asset Turnover is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Modern Dairy Holdings stock overvalued right now?
China Modern Dairy Holdings (CMDKF) has a current Asset Turnover of 0.19. The stock's GF Value™ is $0.14, compared to a current price of $0.22 — trading 57.1% above its estimated fair value. The current Asset Turnover is 0.19. China Modern Dairy Holdings' overall GF Score™ is 57/100 with 10 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 China Modern Dairy Holdings (CMDKF), the current Asset Turnover is 0.19 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 China Modern Dairy Holdings (CMDKF) Overvalued in 2026?

Based on GuruFocus' analysis, China Modern Dairy Holdings stock appears to be overvalued. The current stock price of $0.22 is trading 57.1% above its estimated GF Value™ of $0.14.

Key valuation signals for CMDKF:

  • Asset Turnover: 0.19
  • GF Value™: $0.14 vs. price of $0.22 (57.1% above fair value)
  • GF Score™: 57/100 with 10 warning signs

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


China Modern Dairy Holdings Business Description

Other Exchanges 01117:Hong Kong
Address Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN
China Modern Dairy Holdings Ltd operates in the Chinese food industry. The business of the company includes the production of raw milk, and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products, Liquid Milk, ice cream, formula milk and other dairy products business, which relates to its sale of liquid milk products. It also engaged in new business areas such as feed business, intelligent e-commerce platforms, and forage grass planting. The segments of the company are the Raw milk business and the integrated dairy farming solutions business. The company generates the majority of its revenue from the Raw milk business that engages in raising and breeding dairy cows to produce and sell raw milk.
57GF Score

Get the complete analysis for CMDKF

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

$0.22
Price
$0.14
GF Value