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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Taing Land Development's Revenue for the
six
months ended in Dec. 2025 was HK$236.3 Mil. Taing Land Development's Total Assets for the quarter that ended in Dec. 2025 was HK$11,303.9 Mil. Therefore, Taing Land Development's Asset Turnover for the quarter that ended in Dec. 2025 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. Taing Land Development's annualizedROE % for the quarter that ended in Dec. 2025 was -1.39%. It is also linked to ROA % through Du Pont Formula. Taing Land Development's annualizedROA % for the quarter that ended in Dec. 2025 was -0.98%.
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:
Taing Land Development'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.
Taing Land Development Asset Turnover Related Terms
Taing Land Development Asset Turnover Historical Data
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The historical data trend for Taing Land Development'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.
HKSE:00089 vs CBRE, BEKE, JLL: Asset Turnover Comparison
For the Real Estate Services subindustry, Taing Land Development'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.
Taing Land Development Asset Turnover vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Taing Land Development's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Taing Land Development'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.
Taing Land Development (HKSE:00089) has a Asset Turnover of 0.02 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Taing Land Development and its competitors.
Is Taing Land Development's Asset Turnover too high?
Taing Land Development's current Asset Turnover is 0.02. Overall, Taing Land Development has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taing Land Development's Asset Turnover compare to CBRE and BEKE?
Taing Land Development's Asset Turnover of 0.02 can be compared against companies in the Real Estate 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 Real Estate company?
A good Asset Turnover depends on the Real Estate 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 Taing Land Development and its competitors. Taing Land Development's current Asset Turnover is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taing Land Development stock overvalued right now?
Based on GuruFocus' analysis, Taing Land Development (HKSE:00089) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$2.21, compared to a current price of HK$1.89 — trading 14.5% below its estimated fair value. The current Asset Turnover is 0.02. Taing Land Development's overall GF Score™ is 68/100 with 6 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 Taing Land Development (HKSE:00089), the current Asset Turnover is 0.02 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 Taing Land Development (HKSE:00089) Overvalued in 2026?
Based on GuruFocus' analysis, Taing Land Development stock appears to be undervalued.
The current stock price of HK$1.89 is trading 14.5% below its estimated GF Value™ of HK$2.21.
GuruFocus considers Taing Land Development to be Modestly Undervalued.
Key valuation signals for HKSE:00089:
Asset Turnover: 0.02
GF Value™: HK$2.21 vs. price of HK$1.89 (14.5% below fair value)
No single metric tells the full story. See the HKSE:00089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tai Sang Land Development Ltd is an investment holding company engaged in property investment, property rental, property development, estate management and agency, hotel operation and catering operation. The company also earns revenue from segments namely; Property rental, Property related services, and Hotel operations, Catering operations. The operating segments of the Group are Hong Kong and USA, out of which maximum revenue is derived from Hong Kong.
68GF Score
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