China-Hongkong Photo Products Holdings (HKSE:01123) Asset Turnover: 0.54 (As of Mar. 2026)

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HKSE:01123 China-Hongkong Photo Products Holdings Ltd HKSE:01123
47 GF Score
Price HK$0.14
GF Value HK$0.12
Valuation Modestly Overvalued
! 8 Warning Signs
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What is China-Hongkong Photo Products Holdings Asset Turnover?

China-Hongkong Photo Products Holdings HKSE:01123 -0.71% 47 Asset Turnover is 0.54 as of Mar. 2026. GuruFocus rates HKSE:01123 with a GF Score™ of 47/100 and a GF Value™ of HK$0.12 (Modestly Overvalued). 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. China-Hongkong Photo Products Holdings's Revenue for the six months ended in Mar. 2026 was HK$492.4 Mil. China-Hongkong Photo Products Holdings's Total Assets for the quarter that ended in Mar. 2026 was HK$906.6 Mil. Therefore, China-Hongkong Photo Products Holdings's Asset Turnover for the quarter that ended in Mar. 2026 was 0.54.

Asset Turnover is linked to ROE % through Du Pont Formula. China-Hongkong Photo Products Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was -0.33%. It is also linked to ROA % through Du Pont Formula. China-Hongkong Photo Products Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was -0.25%.


China-Hongkong Photo Products Holdings  (HKSE:01123) Asset Turnover Explanation

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

China-Hongkong Photo Products Holdings's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-2.232/684.198
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.232 / 984.886)*(984.886 / 906.5855)*(906.5855/ 684.198)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.23 %*1.0864*1.325
=ROA %*Equity Multiplier
=-0.25 %*1.325
=-0.33 %

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-Hongkong Photo Products Holdings's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-2.232/906.5855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.232 / 984.886)*(984.886 / 906.5855)
=Net Margin %*Asset Turnover
=-0.23 %*1.0864
=-0.25 %

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-Hongkong Photo Products Holdings Asset Turnover Related Terms


China-Hongkong Photo Products Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for China-Hongkong Photo Products Holdings'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-Hongkong Photo Products Holdings Asset Turnover Chart

China-Hongkong Photo Products Holdings 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 1.16 1.20 1.19 1.09 1.12

China-Hongkong Photo Products Holdings 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 0.56 0.57 0.51 0.56 0.54

HKSE:01123 vs AS, HAS, LTH: Asset Turnover Comparison

For the Leisure subindustry, China-Hongkong Photo Products Holdings'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-Hongkong Photo Products Holdings Asset Turnover vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's Asset Turnover falls into.


HKSE:01123
47GF Score
China-Hongkong Photo Products Holdings Ltd HKSE:01123
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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China-Hongkong Photo Products Holdings Asset Turnover Calculation

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

China-Hongkong Photo Products Holdings'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 )
=998.091/( (892.331+889.069)/ 2 )
=998.091/890.7
=1.12

China-Hongkong Photo Products Holdings'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 )
=492.443/( (924.102+889.069)/ 2 )
=492.443/906.5855
=0.54

* 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 0.54 mean?
China-Hongkong Photo Products Holdings (HKSE:01123) has a Asset Turnover of 0.54 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on China-Hongkong Photo Products Holdings and its competitors.
Is China-Hongkong Photo Products Holdings' Asset Turnover too high?
China-Hongkong Photo Products Holdings' current Asset Turnover is 0.54. Overall, China-Hongkong Photo Products Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China-Hongkong Photo Products Holdings' Asset Turnover compare to AS and HAS?
China-Hongkong Photo Products Holdings' Asset Turnover of 0.54 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Asset Turnover depends on the Travel & Leisure 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-Hongkong Photo Products Holdings and its competitors. China-Hongkong Photo Products Holdings's current Asset Turnover is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China-Hongkong Photo Products Holdings stock overvalued right now?
Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings (HKSE:01123) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.14 — trading 15.8% above its estimated fair value. The current Asset Turnover is 0.54. China-Hongkong Photo Products Holdings' overall GF Score™ is 47/100 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 China-Hongkong Photo Products Holdings (HKSE:01123), the current Asset Turnover is 0.54 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-Hongkong Photo Products Holdings (HKSE:01123) Overvalued in 2026?

Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings stock appears to be overvalued. The current stock price of HK$0.14 is trading 15.8% above its estimated GF Value™ of HK$0.12. GuruFocus considers China-Hongkong Photo Products Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:01123:

  • Asset Turnover: 0.54
  • GF Value™: HK$0.12 vs. price of HK$0.14 (15.8% above fair value)
  • GF Score™: 47/100 with 8 warning signs

No single metric tells the full story. See the HKSE:01123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China-Hongkong Photo Products Holdings Business Description

Address 220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG
China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and others. The Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong.
47GF Score

Get the complete analysis for HKSE:01123

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

HK$0.14
Price
HK$0.12
GF Value