Tse Sui Luen Jewellery (International) (HKSE:00417) Asset Turnover: 0.45 (As of Sep. 2025)


HKSE:00417 Tse Sui Luen Jewellery (International) Ltd HKSE:00417
38 GF Score
Price HK$0.69
GF Value HK$0.50
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Tse Sui Luen Jewellery (International) Asset Turnover?

Tse Sui Luen Jewellery (International) HKSE:00417 -2.82% 38 Asset Turnover is 0.45 as of Sep. 2025. GuruFocus rates HKSE:00417 with a GF Score™ of 38/100 and a GF Value™ of HK$0.50 (Significantly Overvalued). The stock has 4 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. Tse Sui Luen Jewellery (International)'s Revenue for the six months ended in Sep. 2025 was HK$732 Mil. Tse Sui Luen Jewellery (International)'s Total Assets for the quarter that ended in Sep. 2025 was HK$1,620 Mil. Therefore, Tse Sui Luen Jewellery (International)'s Asset Turnover for the quarter that ended in Sep. 2025 was 0.45.

Asset Turnover is linked to ROE % through Du Pont Formula. Tse Sui Luen Jewellery (International)'s annualized ROE % for the quarter that ended in Sep. 2025 was -20.53%. It is also linked to ROA % through Du Pont Formula. Tse Sui Luen Jewellery (International)'s annualized ROA % for the quarter that ended in Sep. 2025 was -4.36%.


Tse Sui Luen Jewellery (International)  (HKSE:00417) Asset Turnover Explanation

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

Tse Sui Luen Jewellery (International)'s annulized ROE % for the quarter that ended in Sep. 2025 is

ROE %**(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=-70.578/343.8205
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-70.578 / 1463.738)*(1463.738 / 1620.034)*(1620.034/ 343.8205)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.82 %*0.9035*4.7119
=ROA %*Equity Multiplier
=-4.36 %*4.7119
=-20.53 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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:

Tse Sui Luen Jewellery (International)'s annulized ROA % for the quarter that ended in Sep. 2025 is

ROA %(Q: Sep. 2025 )
=Net Income/Total Assets
=-70.578/1620.034
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-70.578 / 1463.738)*(1463.738 / 1620.034)
=Net Margin %*Asset Turnover
=-4.82 %*0.9035
=-4.36 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


Tse Sui Luen Jewellery (International) Asset Turnover Related Terms


Tse Sui Luen Jewellery (International) Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tse Sui Luen Jewellery (International)'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.

Tse Sui Luen Jewellery (International) Asset Turnover Chart

Tse Sui Luen Jewellery (International) Annual Data
Trend Feb16 Feb17 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.93 1.02 0.85 1.01

Tse Sui Luen Jewellery (International) Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.51 0.38 0.43 0.45 0.59

HKSE:00417 vs TPR: Asset Turnover Comparison

For the Luxury Goods subindustry, Tse Sui Luen Jewellery (International)'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.


Tse Sui Luen Jewellery (International) Asset Turnover vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tse Sui Luen Jewellery (International)'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tse Sui Luen Jewellery (International)'s Asset Turnover falls into.


HKSE:00417
38GF Score
Tse Sui Luen Jewellery (International) Ltd HKSE:00417
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Tse Sui Luen Jewellery (International) Asset Turnover Calculation

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

Tse Sui Luen Jewellery (International)'s Asset Turnover for the fiscal year that ended in Mar. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2025 )/( (Total Assets (A: Mar. 2024 )+Total Assets (A: Mar. 2025 ))/ count )
=1712.297/( (2361.272+1682.197)/ 2 )
=1712.297/2021.7345
=0.85

Tse Sui Luen Jewellery (International)'s Asset Turnover for the quarter that ended in Sep. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2025 )/( (Total Assets (Q: Mar. 2025 )+Total Assets (Q: Sep. 2025 ))/ count )
=731.869/( (1682.197+1557.871)/ 2 )
=731.869/1620.034
=0.45

* 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 0.45 mean?
Tse Sui Luen Jewellery (International) (HKSE:00417) has a Asset Turnover of 0.45 as of Sep. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tse Sui Luen Jewellery (International) and its competitors.
Is Tse Sui Luen Jewellery (International)'s Asset Turnover too high?
Tse Sui Luen Jewellery (International)'s current Asset Turnover is 0.45. Overall, Tse Sui Luen Jewellery (International) has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tse Sui Luen Jewellery (International)'s Asset Turnover compare to TPR?
Tse Sui Luen Jewellery (International)'s Asset Turnover of 0.45 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Asset Turnover depends on the Retail - Cyclical 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 Tse Sui Luen Jewellery (International) and its competitors. Tse Sui Luen Jewellery (International)'s current Asset Turnover is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tse Sui Luen Jewellery (International) stock overvalued right now?
Based on GuruFocus' analysis, Tse Sui Luen Jewellery (International) (HKSE:00417) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.50, compared to a current price of HK$0.69 — trading 38% above its estimated fair value. The current Asset Turnover is 0.45. Tse Sui Luen Jewellery (International)'s overall GF Score™ is 38/100 with 4 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 Tse Sui Luen Jewellery (International) (HKSE:00417), the current Asset Turnover is 0.45 as of Sep. 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 Tse Sui Luen Jewellery (International) (HKSE:00417) Overvalued in 2026?

Based on GuruFocus' analysis, Tse Sui Luen Jewellery (International) stock appears to be overvalued. The current stock price of HK$0.69 is trading 38% above its estimated GF Value™ of HK$0.50. GuruFocus considers Tse Sui Luen Jewellery (International) to be Significantly Overvalued.

Key valuation signals for HKSE:00417:

  • Asset Turnover: 0.45
  • GF Value™: HK$0.50 vs. price of HK$0.69 (38% above fair value)
  • GF Score™: 38/100 with 4 warning signs

No single metric tells the full story. See the HKSE:00417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tse Sui Luen Jewellery (International) Business Description

Address 30 Man Yue Street, Ground Floor, Block B, Summit Building, Hunghom, Kowloon, Hong Kong, HKG
Tse Sui Luen Jewellery (International) Ltd is an investment holding company. It is engaged in the manufacture, sale, and marketing of jewelry products as well as the provision of service. The company's operating segment includes Retail Business, Wholesale Business, E-Business, and Other Businesses. It generates maximum revenue from the Retail Business segment which includes direct retail sales of jewellery products to end consumers through the physical outlets. The group derives revenue from the customers in Hong Kong and Macau, Mainland China and Other countries.
38GF Score

Get the complete analysis for HKSE:00417

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

HK$0.69
Price
HK$0.50
GF Value