Changmao Biochemical Engineering Co (HKSE:00954) Asset Turnover: 0.26 (As of Jun. 2026)

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HKSE:00954 Changmao Biochemical Engineering Co Ltd HKSE:00954
34 GF Score
Price HK$0.22
GF Value HK$0.36
Valuation Possible Value Trap
! 6 Warning Signs
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What is Changmao Biochemical Engineering Co Asset Turnover?

Changmao Biochemical Engineering Co HKSE:00954 34 Asset Turnover is 0.26 as of Jun. 2026. GuruFocus rates HKSE:00954 with a GF Score™ of 34/100 and a GF Value™ of HK$0.36 (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. Changmao Biochemical Engineering Co's Revenue for the six months ended in Jun. 2026 was HK$334.9 Mil. Changmao Biochemical Engineering Co's Total Assets for the quarter that ended in Jun. 2026 was HK$1,309.0 Mil. Therefore, Changmao Biochemical Engineering Co's Asset Turnover for the quarter that ended in Jun. 2026 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Changmao Biochemical Engineering Co's annualized ROE % for the quarter that ended in Jun. 2026 was -1.96%. It is also linked to ROA % through Du Pont Formula. Changmao Biochemical Engineering Co's annualized ROA % for the quarter that ended in Jun. 2026 was -0.87%.


Changmao Biochemical Engineering Co  (HKSE:00954) Asset Turnover Explanation

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

Changmao Biochemical Engineering Co's annulized ROE % for the quarter that ended in Jun. 2026 is

ROE %**(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=-11.41/581.371
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-11.41 / 669.85)*(669.85 / 1309.005)*(1309.005/ 581.371)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.7 %*0.5117*2.2516
=ROA %*Equity Multiplier
=-0.87 %*2.2516
=-1.96 %

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

Changmao Biochemical Engineering Co's annulized ROA % for the quarter that ended in Jun. 2026 is

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=-11.41/1309.005
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-11.41 / 669.85)*(669.85 / 1309.005)
=Net Margin %*Asset Turnover
=-1.7 %*0.5117
=-0.87 %

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


Changmao Biochemical Engineering Co Asset Turnover Related Terms


Changmao Biochemical Engineering Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Changmao Biochemical Engineering 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.

Changmao Biochemical Engineering Co Asset Turnover Chart

Changmao Biochemical Engineering Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.65 0.52 0.46 0.47

Changmao Biochemical Engineering Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.25 0.21 0.22 0.24 0.26

HKSE:00954 vs LIN, SHW, ECL: Asset Turnover Comparison

For the Specialty Chemicals subindustry, Changmao Biochemical Engineering 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.


Changmao Biochemical Engineering Co Asset Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Changmao Biochemical Engineering Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Changmao Biochemical Engineering Co's Asset Turnover falls into.


HKSE:00954
34GF Score
Changmao Biochemical Engineering Co Ltd HKSE:00954
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Changmao Biochemical Engineering Co Asset Turnover Calculation

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

Changmao Biochemical Engineering Co's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=615.249/( (1334.332+1303.272)/ 2 )
=615.249/1318.802
=0.47

Changmao Biochemical Engineering Co's Asset Turnover for the quarter that ended in Jun. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Jun. 2026 ))/ count )
=334.925/( (1303.272+1314.738)/ 2 )
=334.925/1309.005
=0.26

* 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 0.26 mean?
Changmao Biochemical Engineering Co (HKSE:00954) has a Asset Turnover of 0.26 as of Jun. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Changmao Biochemical Engineering Co and its competitors.
Is Changmao Biochemical Engineering Co's Asset Turnover too high?
Changmao Biochemical Engineering Co's current Asset Turnover is 0.26. Overall, Changmao Biochemical Engineering Co has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changmao Biochemical Engineering Co's Asset Turnover compare to LIN and SHW?
Changmao Biochemical Engineering Co's Asset Turnover of 0.26 can be compared against companies in the Chemicals 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 Chemicals company?
A good Asset Turnover depends on the Chemicals 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 Changmao Biochemical Engineering Co and its competitors. Changmao Biochemical Engineering Co's current Asset Turnover is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changmao Biochemical Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Changmao Biochemical Engineering Co (HKSE:00954) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.22 — trading 39.4% below its estimated fair value. The current Asset Turnover is 0.26. Changmao Biochemical Engineering Co's overall GF Score™ is 34/100 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 Changmao Biochemical Engineering Co (HKSE:00954), the current Asset Turnover is 0.26 as of Jun. 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 Changmao Biochemical Engineering Co (HKSE:00954) Overvalued in 2026?

Based on GuruFocus' analysis, Changmao Biochemical Engineering Co stock appears to be undervalued. The current stock price of HK$0.22 is trading 39.4% below its estimated GF Value™ of HK$0.36. GuruFocus considers Changmao Biochemical Engineering Co to be Possible Value Trap.

Key valuation signals for HKSE:00954:

  • Asset Turnover: 0.26
  • GF Value™: HK$0.36 vs. price of HK$0.22 (39.4% below fair value)
  • GF Score™: 34/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00954 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changmao Biochemical Engineering Co Business Description

Address No. 1228 Chang Jiang Bei Road, New North Zone, Jiangsu Province, Changzhou City, CHN, 213034
Changmao Biochemical Engineering Co Ltd is an organic acid producer in the PRC. It produces organic acids products for sale to the food additive, chemical, and pharmaceutical industries. Its products are organic acids and their derivatives with four carbons in their structures including fumaric acid, maleic acid, L-malic acid, D-malic acid, DL-malic acid, L(+)-tartaric acid, D(-)-tartaric acid, DL-tartaric acid, L-aspartic acid, and aspartame. These products are used as food additives or medical intermediaries. Its products are produced along vertical production chains. Its geographic locations include Mainland China, Europe includes Great Britain, Germany, Turkey, Spain, and Italy, Asia Pacific includes Hong Kong, Indonesia, Australia, India, Thailand and Japan, America, and Others.
34GF Score

Get the complete analysis for HKSE:00954

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

HK$0.22
Price
HK$0.36
GF Value