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.
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.
Asset Turnover is linked to ROE % through Du Pont Formula. Hong Kong Gold Industry Group's annualizedROE % for the quarter that ended in Dec. 2025 was -33.55%. It is also linked to ROA % through Du Pont Formula. Hong Kong Gold Industry Group's annualizedROA % for the quarter that ended in Dec. 2025 was -15.41%.
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:
Hong Kong Gold Industry Group'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.
Hong Kong Gold Industry Group Asset Turnover Related Terms
Hong Kong Gold Industry Group Asset Turnover Historical 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.
Hong Kong Gold Industry Group Asset Turnover Chart
Hong Kong Gold Industry Group Asset Turnover Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Hong Kong Gold Industry 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.
Hong Kong Gold Industry Group Asset Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hong Kong Gold Industry Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Hong Kong Gold Industry Group'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.
Hong Kong Gold Industry Group (HKSE:02623) has a Asset Turnover of 0.06 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hong Kong Gold Industry Group and its competitors.
Is Hong Kong Gold Industry Group's Asset Turnover too high?
Hong Kong Gold Industry Group's current Asset Turnover is 0.06. Overall, Hong Kong Gold Industry Group has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Gold Industry Group's Asset Turnover compare to competitors?
Hong Kong Gold Industry Group's Asset Turnover of 0.06 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Asset Turnover depends on the Metals & Mining 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 Hong Kong Gold Industry Group and its competitors. Hong Kong Gold Industry Group's current Asset Turnover is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Gold Industry Group stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group (HKSE:02623) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$3.89 — trading 5450% above its estimated fair value. The current Asset Turnover is 0.06. Hong Kong Gold Industry Group's overall GF Score™ is 33/100 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 Hong Kong Gold Industry Group (HKSE:02623), the current Asset Turnover is 0.06 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 Hong Kong Gold Industry Group (HKSE:02623) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group stock appears to be overvalued.
The current stock price of HK$3.89 is trading 5450% above its estimated GF Value™ of HK$0.07.
GuruFocus considers Hong Kong Gold Industry Group to be Significantly Overvalued.
Key valuation signals for HKSE:02623:
Asset Turnover: 0.06
GF Value™: HK$0.07 vs. price of HK$3.89 (5450% above fair value)
No single metric tells the full story. See the HKSE:02623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Gold Industry Group Ltd, formerly known as Add New Energy Investment Holdings Group Ltd, is an investment holding company. The company and its subsidiaries are principally engaged in iron ore processing, and selling of iron concentrates and other minerals in the People's Republic of China. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Gaozhuang Shangyu Ilmenite and Luxing Titanium Mine. The businesses of the Group are classified into mining and ore processing, and trading of minerals, which are its two reportable segments. The majority of the company's revenue is derived from the Trading of minerals segment. Geographically, all the revenue of the Group is derived in the PRC.
33GF Score
Get the complete analysis for HKSE:02623
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02623 has been successfully added to your 
