Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Harmony Gold Mining Co's Revenue for the
six
months ended in Dec. 2025 was $2,638 Mil. Harmony Gold Mining Co's Total Assets for the quarter that ended in Dec. 2025 was $5,580 Mil. Therefore, Harmony Gold Mining Co's Asset Turnover for the quarter that ended in Dec. 2025 was 0.47.
Asset Turnover is linked to ROE % through Du Pont Formula. Harmony Gold Mining Co's annualizedROE % for the quarter that ended in Dec. 2025 was 40.02%. It is also linked to ROA % through Du Pont Formula. Harmony Gold Mining Co's annualizedROA % for the quarter that ended in Dec. 2025 was 20.76%.
Harmony Gold Mining Co (OTCPK:HGMCF) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Harmony Gold Mining Co's annulizedROE % for the quarter that ended in Dec. 2025 is
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:
Harmony Gold Mining Co's annulizedROA % for the quarter that ended in Dec. 2025 is
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.
Harmony Gold Mining Co Asset Turnover Related Terms
Harmony Gold Mining Co Asset Turnover Historical Data
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The historical data trend for Harmony Gold Mining 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.
For the Gold subindustry, Harmony Gold Mining 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.
Harmony Gold Mining Co Asset Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's Asset Turnover falls into.
* 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.
Harmony Gold Mining Co (HGMCF) has a Asset Turnover of 0.47 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's Asset Turnover too high?
Harmony Gold Mining Co's current Asset Turnover is 0.47. Overall, Harmony Gold Mining Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Asset Turnover compare to NEM and AU?
Harmony Gold Mining Co's Asset Turnover of 0.47 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Asset Turnover depends on the Metals & Mining 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 Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current Asset Turnover is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HGMCF) is currently considered Fairly Valued. The stock's GF Value™ is $19.12, compared to a current price of $17.45 — trading 8.7% below its estimated fair value. The current Asset Turnover is 0.47. Harmony Gold Mining Co's overall GF Score™ is 92/100. 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 Harmony Gold Mining Co (HGMCF), the current Asset Turnover is 0.47 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 Harmony Gold Mining Co (HGMCF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued.
The current stock price of $17.45 is trading 8.7% below its estimated GF Value™ of $19.12.
GuruFocus considers Harmony Gold Mining Co to be Fairly Valued.
Key valuation signals for HGMCF:
Asset Turnover: 0.47
GF Value™: $19.12 vs. price of $17.45 (8.7% below fair value)
No single metric tells the full story. See the HGMCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
92GF Score
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