Golden Resources Development International (HKSE:00677) Asset Turnover: 0.49 (As of Mar. 2026)

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HKSE:00677 Golden Resources Development International Ltd HKSE:00677
55 GF Score
Price HK$0.35
GF Value HK$0.41
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Golden Resources Development International Asset Turnover?

Golden Resources Development International HKSE:00677 55 Asset Turnover is 0.49 as of Mar. 2026. GuruFocus rates HKSE:00677 with a GF Score™ of 55/100 and a GF Value™ of HK$0.41 (Modestly Undervalued). The stock has 8 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. Golden Resources Development International's Revenue for the six months ended in Mar. 2026 was HK$1,059 Mil. Golden Resources Development International's Total Assets for the quarter that ended in Mar. 2026 was HK$2,145 Mil. Therefore, Golden Resources Development International's Asset Turnover for the quarter that ended in Mar. 2026 was 0.49.

Asset Turnover is linked to ROE % through Du Pont Formula. Golden Resources Development International's annualized ROE % for the quarter that ended in Mar. 2026 was 7.97%. It is also linked to ROA % through Du Pont Formula. Golden Resources Development International's annualized ROA % for the quarter that ended in Mar. 2026 was 4.85%.


Golden Resources Development International  (HKSE:00677) Asset Turnover Explanation

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

Golden Resources Development International's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=103.946/1304.3585
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(103.946 / 2118.518)*(2118.518 / 2145.125)*(2145.125/ 1304.3585)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.91 %*0.9876*1.6446
=ROA %*Equity Multiplier
=4.85 %*1.6446
=7.97 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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:

Golden Resources Development International's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=103.946/2145.125
=(Net Income / Revenue)*(Revenue / Total Assets)
=(103.946 / 2118.518)*(2118.518 / 2145.125)
=Net Margin %*Asset Turnover
=4.91 %*0.9876
=4.85 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.


Golden Resources Development International Asset Turnover Related Terms


Golden Resources Development International Asset Turnover Historical Data

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The historical data trend for Golden Resources Development 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.

Golden Resources Development International Asset Turnover Chart

Golden Resources Development International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.11 1.04 0.99 0.99

Golden Resources Development International Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 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 0.50 0.49 0.49 0.49

HKSE:00677 vs SYY, USFD, PFGC: Asset Turnover Comparison

For the Food Distribution subindustry, Golden Resources Development 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.


Golden Resources Development International Asset Turnover vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Golden Resources Development International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Golden Resources Development International's Asset Turnover falls into.


HKSE:00677
55GF Score
Golden Resources Development International Ltd HKSE:00677
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Resources Development International Asset Turnover Calculation

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

Golden Resources Development International's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=2104.187/( (2100.48+2145.071)/ 2 )
=2104.187/2122.7755
=0.99

Golden Resources Development International's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=1059.259/( (2145.179+2145.071)/ 2 )
=1059.259/2145.125
=0.49

* 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 0.49 mean?
Golden Resources Development International (HKSE:00677) has a Asset Turnover of 0.49 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Golden Resources Development International and its competitors.
Is Golden Resources Development International's Asset Turnover too high?
Golden Resources Development International's current Asset Turnover is 0.49. Overall, Golden Resources Development International has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Resources Development International's Asset Turnover compare to SYY and USFD?
Golden Resources Development International's Asset Turnover of 0.49 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Asset Turnover depends on the Retail - Defensive 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 Golden Resources Development International and its competitors. Golden Resources Development International's current Asset Turnover is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Resources Development International stock overvalued right now?
Based on GuruFocus' analysis, Golden Resources Development International (HKSE:00677) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.41, compared to a current price of HK$0.35 — trading 14.6% below its estimated fair value. The current Asset Turnover is 0.49. Golden Resources Development International's overall GF Score™ is 55/100 with 8 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 Golden Resources Development International (HKSE:00677), the current Asset Turnover is 0.49 as of Mar. 2026. 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 Golden Resources Development International (HKSE:00677) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Resources Development International stock appears to be undervalued. The current stock price of HK$0.35 is trading 14.6% below its estimated GF Value™ of HK$0.41. GuruFocus considers Golden Resources Development International to be Modestly Undervalued.

Key valuation signals for HKSE:00677:

  • Asset Turnover: 0.49
  • GF Value™: HK$0.41 vs. price of HK$0.35 (14.6% below fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the HKSE:00677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Resources Development International Business Description

Address No. 218 Jaffe Road, 29th Floor, Golden Resources Centre, Wan Chai, Hong Kong, HKG
Golden Resources Development International Ltd is an investment holding company. The company is engaged in the business of sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice and food products, convenience store operation, packaging materials operation, securities investment, property investment retailtainment and investment holding. The company's operating segment includes Convenience store operation; Food operation; Packaging materials operation; Securities investment; Property investment; Retailtainment; and Corporate and others. It generates maximum revenue from the Convenience store operation segment. Geographically, it derives a majority of revenue from Vietnam and also has a presence in Hong Kong and Mainland China and Other regions.
55GF Score

Get the complete analysis for HKSE:00677

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

HK$0.35
Price
HK$0.41
GF Value