Beijing UBOX Online Technology (HKSE:02429) Asset Turnover: 0.92 (As of Dec. 2025)

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:02429 Beijing UBOX Online Technology Corp HKSE:02429
32 GF Score
Price HK$2.44
! 2 Warning Signs
View Full Analysis

What is Beijing UBOX Online Technology Asset Turnover?

Beijing UBOX Online Technology HKSE:02429 +0.83% 32 Asset Turnover is 0.92 as of Dec. 2025. GuruFocus rates HKSE:02429 with a GF Score™ of 32/100. The stock has 2 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. Beijing UBOX Online Technology's Revenue for the six months ended in Dec. 2025 was HK$1,609 Mil. Beijing UBOX Online Technology's Total Assets for the quarter that ended in Dec. 2025 was HK$1,750 Mil. Therefore, Beijing UBOX Online Technology's Asset Turnover for the quarter that ended in Dec. 2025 was 0.92.

Asset Turnover is linked to ROE % through Du Pont Formula. Beijing UBOX Online Technology's annualized ROE % for the quarter that ended in Dec. 2025 was -7.07%. It is also linked to ROA % through Du Pont Formula. Beijing UBOX Online Technology's annualized ROA % for the quarter that ended in Dec. 2025 was -4.64%.


Beijing UBOX Online Technology  (HKSE:02429) Asset Turnover Explanation

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

Beijing UBOX Online Technology's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-81.18/1148.983
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-81.18 / 3217.89)*(3217.89 / 1750.4405)*(1750.4405/ 1148.983)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.52 %*1.8383*1.5235
=ROA %*Equity Multiplier
=-4.64 %*1.5235
=-7.07 %

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:

Beijing UBOX Online Technology's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-81.18/1750.4405
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-81.18 / 3217.89)*(3217.89 / 1750.4405)
=Net Margin %*Asset Turnover
=-2.52 %*1.8383
=-4.64 %

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.


Beijing UBOX Online Technology Asset Turnover Related Terms


Beijing UBOX Online Technology Asset Turnover Historical Data

* Premium members only.

The historical data trend for Beijing UBOX Online Technology'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.

Beijing UBOX Online Technology Asset Turnover Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial 1.32 1.38 1.74 2.06 1.85

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.93 0.88 1.12 0.96 0.92

HKSE:02429 vs KR: Asset Turnover Comparison

For the Grocery Stores subindustry, Beijing UBOX Online Technology'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.


Beijing UBOX Online Technology Asset Turnover vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Beijing UBOX Online Technology's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Beijing UBOX Online Technology's Asset Turnover falls into.


HKSE:02429
32GF Score
Beijing UBOX Online Technology Corp HKSE:02429
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing UBOX Online Technology Asset Turnover Calculation

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

Beijing UBOX Online Technology'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 )
=3047.374/( (1374.313+1921.929)/ 2 )
=3047.374/1648.121
=1.85

Beijing UBOX Online Technology's Asset Turnover for the quarter that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=1608.945/( (1578.952+1921.929)/ 2 )
=1608.945/1750.4405
=0.92

* 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 0.92 mean?
Beijing UBOX Online Technology (HKSE:02429) has a Asset Turnover of 0.92 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Beijing UBOX Online Technology and its competitors.
Is Beijing UBOX Online Technology's Asset Turnover too high?
Beijing UBOX Online Technology's current Asset Turnover is 0.92. Overall, Beijing UBOX Online Technology has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Beijing UBOX Online Technology's Asset Turnover compare to KR?
Beijing UBOX Online Technology's Asset Turnover of 0.92 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 Beijing UBOX Online Technology and its competitors. Beijing UBOX Online Technology's current Asset Turnover is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing UBOX Online Technology stock overvalued right now?
Beijing UBOX Online Technology (HKSE:02429) has a current Asset Turnover of 0.92. The current Asset Turnover is 0.92. Beijing UBOX Online Technology's overall GF Score™ is 32/100 with 2 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 Beijing UBOX Online Technology (HKSE:02429), the current Asset Turnover is 0.92 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.

Beijing UBOX Online Technology Business Description

Address West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has four segments: Unmanned retail business, Merchandise wholesale, Advertising and system support services, and Others. The key revenue is generated from Unmanned retail business which consists of sales of fast-moving consumer goods such as food and beverage to end customers through a network of vending machines located at the POSs developed by the Group or POSs partners. All of the businesses of the Group are carried out in the PRC.
32GF Score

Get the complete analysis for HKSE:02429

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

HK$2.44
Price