China HK Power Smart Energy Group (HKSE:00931) Asset Turnover: 0.32 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:00931 China HK Power Smart Energy Group Ltd HKSE:00931
37 GF Score
Price HK$0.28
GF Value HK$0.61
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is China HK Power Smart Energy Group Asset Turnover?

China HK Power Smart Energy Group HKSE:00931 -1.75% 37 Asset Turnover is 0.32 as of Mar. 2026. GuruFocus rates HKSE:00931 with a GF Score™ of 37/100 and a GF Value™ of HK$0.61 (Possible Value Trap). The stock has 6 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. China HK Power Smart Energy Group's Revenue for the six months ended in Mar. 2026 was HK$561.6 Mil. China HK Power Smart Energy Group's Total Assets for the quarter that ended in Mar. 2026 was HK$1,771.5 Mil. Therefore, China HK Power Smart Energy Group's Asset Turnover for the quarter that ended in Mar. 2026 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. China HK Power Smart Energy Group's annualized ROE % for the quarter that ended in Mar. 2026 was -66.80%. It is also linked to ROA % through Du Pont Formula. China HK Power Smart Energy Group's annualized ROA % for the quarter that ended in Mar. 2026 was -10.82%.


China HK Power Smart Energy Group  (HKSE:00931) Asset Turnover Explanation

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

China HK Power Smart Energy Group's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-191.666/286.912
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-191.666 / 1123.148)*(1123.148 / 1771.459)*(1771.459/ 286.912)
=Net Margin %*Asset Turnover*Equity Multiplier
=-17.07 %*0.634*6.1742
=ROA %*Equity Multiplier
=-10.82 %*6.1742
=-66.80 %

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:

China HK Power Smart Energy Group's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-191.666/1771.459
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-191.666 / 1123.148)*(1123.148 / 1771.459)
=Net Margin %*Asset Turnover
=-17.07 %*0.634
=-10.82 %

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.


China HK Power Smart Energy Group Asset Turnover Related Terms


China HK Power Smart Energy Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for China HK Power Smart Energy Group'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.

China HK Power Smart Energy Group Asset Turnover Chart

China HK Power Smart Energy Group Annual Data
Trend Dec17 Dec18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.15 0.31 0.44 0.47

China HK Power Smart Energy Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 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 0.23 0.16 0.28 0.15 0.32

HKSE:00931 vs MPC, VLO, PSX: Asset Turnover Comparison

For the Oil & Gas Refining & Marketing subindustry, China HK Power Smart Energy Group'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.


China HK Power Smart Energy Group Asset Turnover vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China HK Power Smart Energy Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where China HK Power Smart Energy Group's Asset Turnover falls into.


HKSE:00931
37GF Score
China HK Power Smart Energy Group Ltd HKSE:00931
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China HK Power Smart Energy Group Asset Turnover Calculation

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

China HK Power Smart Energy Group'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 )
=814.687/( (1703.399+1770.509)/ 2 )
=814.687/1736.954
=0.47

China HK Power Smart Energy Group'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 )
=561.574/( (1772.409+1770.509)/ 2 )
=561.574/1771.459
=0.32

* 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 0.32 mean?
China HK Power Smart Energy Group (HKSE:00931) has a Asset Turnover of 0.32 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on China HK Power Smart Energy Group and its competitors.
Is China HK Power Smart Energy Group's Asset Turnover too high?
China HK Power Smart Energy Group's current Asset Turnover is 0.32. Overall, China HK Power Smart Energy Group has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China HK Power Smart Energy Group's Asset Turnover compare to MPC and VLO?
China HK Power Smart Energy Group's Asset Turnover of 0.32 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Asset Turnover depends on the Oil & Gas 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 China HK Power Smart Energy Group and its competitors. China HK Power Smart Energy Group's current Asset Turnover is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China HK Power Smart Energy Group stock overvalued right now?
Based on GuruFocus' analysis, China HK Power Smart Energy Group (HKSE:00931) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.61, compared to a current price of HK$0.28 — trading 54.1% below its estimated fair value. The current Asset Turnover is 0.32. China HK Power Smart Energy Group's overall GF Score™ is 37/100 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 China HK Power Smart Energy Group (HKSE:00931), the current Asset Turnover is 0.32 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 China HK Power Smart Energy Group (HKSE:00931) Overvalued in 2026?

Based on GuruFocus' analysis, China HK Power Smart Energy Group stock appears to be undervalued. The current stock price of HK$0.28 is trading 54.1% below its estimated GF Value™ of HK$0.61. GuruFocus considers China HK Power Smart Energy Group to be Possible Value Trap.

Key valuation signals for HKSE:00931:

  • Asset Turnover: 0.32
  • GF Value™: HK$0.61 vs. price of HK$0.28 (54.1% below fair value)
  • GF Score™: 37/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China HK Power Smart Energy Group Business Description

Industry EnergyOil & Gas
Address 33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG
China HK Power Smart Energy Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include: New energy business; NG business; and Financial services. The majority of revenue is from NG business, which includes: Sales and distribution of NG including wholesale of LNG and PNG, point-to-point supply of LNG, automobile gas stations, LNG pipeline network and provision of LNG logistic services in the PRC.
37GF Score

Get the complete analysis for HKSE:00931

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

HK$0.28
Price
HK$0.61
GF Value