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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Smart-Core Holdings's Revenue for the
six
months ended in Dec. 2025 was HK$3,794 Mil. Smart-Core Holdings's Total Assets for the quarter that ended in Dec. 2025 was HK$2,264 Mil. Therefore, Smart-Core Holdings's Asset Turnover for the quarter that ended in Dec. 2025 was 1.68.
Asset Turnover is linked to ROE % through Du Pont Formula. Smart-Core Holdings's annualizedROE % for the quarter that ended in Dec. 2025 was 22.26%. It is also linked to ROA % through Du Pont Formula. Smart-Core Holdings's annualizedROA % for the quarter that ended in Dec. 2025 was 9.97%.
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:
Smart-Core Holdings's annulizedROA % for the quarter that ended in Dec. 2025 is
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.
Smart-Core Holdings Asset Turnover Related Terms
Smart-Core Holdings Asset Turnover Historical Data
* Premium members only.
The historical data trend for Smart-Core 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.
HKSE:02166 vs SNX, ARW, AVT: Asset Turnover Comparison
For the Electronics & Computer Distribution subindustry, Smart-Core 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.
Smart-Core Holdings Asset Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Smart-Core Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Smart-Core Holdings's Asset Turnover falls into.
* 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.
Smart-Core Holdings (HKSE:02166) has a Asset Turnover of 1.68 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Smart-Core Holdings and its competitors.
Is Smart-Core Holdings' Asset Turnover too high?
Smart-Core Holdings' current Asset Turnover is 1.68. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' Asset Turnover compare to SNX and ARW?
Smart-Core Holdings' Asset Turnover of 1.68 can be compared against companies in the Hardware 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 Hardware company?
A good Asset Turnover depends on the Hardware 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 Smart-Core Holdings and its competitors. Smart-Core Holdings's current Asset Turnover is 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current Asset Turnover is 1.68. Smart-Core Holdings' overall GF Score™ is 59/100 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 Smart-Core Holdings (HKSE:02166), the current Asset Turnover is 1.68 as of Dec. 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?
Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued.
The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52.
GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02166:
Asset Turnover: 1.68
GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score
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