Hong Kong and China Gas Co (FRA:HCG) Asset Turnover: 0.16 (As of Dec. 2025)


FRA:HCG Hong Kong and China Gas Co Ltd FRA:HCG
83 GF Score
Price €0.73
GF Value €0.68
Valuation Fairly Valued
! 7 Warning Signs
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What is Hong Kong and China Gas Co Asset Turnover?

Hong Kong and China Gas Co FRA:HCG -0.92% 83 Asset Turnover is 0.16 as of Dec. 2025. GuruFocus rates FRA:HCG with a GF Score™ of 83/100 and a GF Value™ of €0.68 (Fairly Valued). The stock has 7 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. Hong Kong and China Gas Co's Revenue for the six months ended in Dec. 2025 was €2,943 Mil. Hong Kong and China Gas Co's Total Assets for the quarter that ended in Dec. 2025 was €17,946 Mil. Therefore, Hong Kong and China Gas Co's Asset Turnover for the quarter that ended in Dec. 2025 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Hong Kong and China Gas Co's annualized ROE % for the quarter that ended in Dec. 2025 was 9.29%. It is also linked to ROA % through Du Pont Formula. Hong Kong and China Gas Co's annualized ROA % for the quarter that ended in Dec. 2025 was 3.33%.

Hong Kong and China Gas Co  (FRA:HCG) Asset Turnover Explanation

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

Hong Kong and China Gas Co's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=598.002/6439.159
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(598.002 / 5885.65)*(5885.65 / 17946.4245)*(17946.4245/ 6439.159)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.16 %*0.328*2.7871
=ROA %*Equity Multiplier
=3.33 %*2.7871
=9.29 %

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:

Hong Kong and China Gas Co's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=598.002/17946.4245
=(Net Income / Revenue)*(Revenue / Total Assets)
=(598.002 / 5885.65)*(5885.65 / 17946.4245)
=Net Margin %*Asset Turnover
=10.16 %*0.328
=3.33 %

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.

Hong Kong and China Gas Co Asset Turnover Related Terms

Hong Kong and China Gas Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Hong Kong and China Gas 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.

Hong Kong and China Gas Co Asset Turnover Chart

Hong Kong and China Gas 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 0.35 0.37 0.34 0.35 0.32

Hong Kong and China Gas Co 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 0.17 0.17 0.18 0.16 0.16

FRA:HCG vs ATO, NI: Asset Turnover Comparison

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas 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.

Hong Kong and China Gas Co Asset Turnover vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Asset Turnover falls into.


FRA:HCG
83GF Score
Hong Kong and China Gas Co Ltd FRA:HCG
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Kong and China Gas Co Asset Turnover Calculation

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

Hong Kong and China Gas 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 )
=5962.711/( (19444.067+17951.375)/ 2 )
=5962.711/18697.721
=0.32

Hong Kong and China Gas Co'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 )
=2942.825/( (17941.474+17951.375)/ 2 )
=2942.825/17946.4245
=0.16

* 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 0.16 mean?
Hong Kong and China Gas Co (FRA:HCG) has a Asset Turnover of 0.16 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hong Kong and China Gas Co and its competitors.
Is Hong Kong and China Gas Co's Asset Turnover too high?
Hong Kong and China Gas Co's current Asset Turnover is 0.16. Overall, Hong Kong and China Gas Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong and China Gas Co's Asset Turnover compare to ATO and NI?
Hong Kong and China Gas Co's Asset Turnover of 0.16 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Asset Turnover depends on the Utilities - Regulated 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 Hong Kong and China Gas Co and its competitors. Hong Kong and China Gas Co's current Asset Turnover is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong and China Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong and China Gas Co (FRA:HCG) is currently considered Fairly Valued. The stock's GF Value™ is €0.68, compared to a current price of €0.73 — trading 7.2% above its estimated fair value. The current Asset Turnover is 0.16. Hong Kong and China Gas Co's overall GF Score™ is 83/100 with 7 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 Hong Kong and China Gas Co (FRA:HCG), the current Asset Turnover is 0.16 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 Hong Kong and China Gas Co (FRA:HCG) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong and China Gas Co stock appears to be overvalued. The current stock price of €0.73 is trading 7.2% above its estimated GF Value™ of €0.68. GuruFocus considers Hong Kong and China Gas Co to be Fairly Valued.

Key valuation signals for FRA:HCG:

  • Asset Turnover: 0.16
  • GF Value™: €0.68 vs. price of €0.73 (7.2% above fair value)
  • GF Score™: 83/100 with 7 warning signs

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

Hong Kong and China Gas Co Business Description

Address 363 Java Road, 23rd Floor, North Point, Hong Kong, HKG
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. The company is also investing in water, upstream gas, and new energies. The Group's principal activities are the production, distribution, and marketing of gas and related products or services, water supply and waste treatment, renewable energy businesses, extended businesses, and fuels businesses (Green Fuels) in Hong Kong and the Chinese mainland. The company operates in three segments: Gas, water and waste treatment, renewable energy, extended businesses, and related businesses, Green Fuels, and Property.
83GF Score

Get the complete analysis for FRA:HCG

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

€0.73
Price
€0.68
GF Value