Greentown Service Group Co (HKSE:02869) Asset Turnover: 0.54 (As of Jun. 2026)

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HKSE:02869 Greentown Service Group Co Ltd HKSE:02869
94 GF Score
Price HK$4.26
GF Value HK$4.77
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Greentown Service Group Co Asset Turnover?

Greentown Service Group Co HKSE:02869 -1.96% 94 Asset Turnover is 0.54 as of Jun. 2026. GuruFocus rates HKSE:02869 with a GF Score™ of 94/100 and a GF Value™ of HK$4.77 (Modestly Undervalued). The stock has 4 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. Greentown Service Group Co's Revenue for the six months ended in Jun. 2026 was HK$11,418 Mil. Greentown Service Group Co's Total Assets for the quarter that ended in Jun. 2026 was HK$21,061 Mil. Therefore, Greentown Service Group Co's Asset Turnover for the quarter that ended in Jun. 2026 was 0.54.

Asset Turnover is linked to ROE % through Du Pont Formula. Greentown Service Group Co's annualized ROE % for the quarter that ended in Jun. 2026 was 18.17%. It is also linked to ROA % through Du Pont Formula. Greentown Service Group Co's annualized ROA % for the quarter that ended in Jun. 2026 was 7.76%.


Greentown Service Group Co  (HKSE:02869) Asset Turnover Explanation

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

Greentown Service Group Co's annulized ROE % for the quarter that ended in Jun. 2026 is

ROE %**(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=1633.928/8993.5855
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1633.928 / 22835.624)*(22835.624 / 21060.801)*(21060.801/ 8993.5855)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.16 %*1.0843*2.3418
=ROA %*Equity Multiplier
=7.76 %*2.3418
=18.17 %

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:

Greentown Service Group Co's annulized ROA % for the quarter that ended in Jun. 2026 is

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=1633.928/21060.801
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1633.928 / 22835.624)*(22835.624 / 21060.801)
=Net Margin %*Asset Turnover
=7.16 %*1.0843
=7.76 %

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.


Greentown Service Group Co Asset Turnover Related Terms


Greentown Service Group Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Greentown Service Group 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.

Greentown Service Group Co Asset Turnover Chart

Greentown Service Group 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 0.93 0.91 0.95 0.99 1.08

Greentown Service Group 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 0.47 0.50 0.52 0.54 0.54

HKSE:02869 vs CBRE, BEKE, JLL: Asset Turnover Comparison

For the Real Estate Services subindustry, Greentown Service Group 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.


Greentown Service Group Co Asset Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Greentown Service Group Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Greentown Service Group Co's Asset Turnover falls into.


HKSE:02869
94GF Score
Greentown Service Group Co Ltd HKSE:02869
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Greentown Service Group Co Asset Turnover Calculation

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

Greentown Service Group 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 )
=21171.343/( (18891.202+20235.195)/ 2 )
=21171.343/19563.1985
=1.08

Greentown Service Group 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 )
=11417.812/( (20235.195+21886.407)/ 2 )
=11417.812/21060.801
=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?
Greentown Service Group Co (HKSE:02869) has a Asset Turnover of 0.54 as of Jun. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Greentown Service Group Co and its competitors.
Is Greentown Service Group Co's Asset Turnover too high?
Greentown Service Group Co's current Asset Turnover is 0.54. Overall, Greentown Service Group Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greentown Service Group Co's Asset Turnover compare to CBRE and BEKE?
Greentown Service Group Co's Asset Turnover of 0.54 can be compared against companies in the Real Estate 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 Real Estate company?
A good Asset Turnover depends on the Real Estate 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 Greentown Service Group Co and its competitors. Greentown Service Group Co'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 Greentown Service Group Co stock overvalued right now?
Based on GuruFocus' analysis, Greentown Service Group Co (HKSE:02869) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$4.77, compared to a current price of HK$4.26 — trading 10.8% below its estimated fair value. The current Asset Turnover is 0.54. Greentown Service Group Co's overall GF Score™ is 94/100 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 Greentown Service Group Co (HKSE:02869), the current Asset Turnover is 0.54 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 Greentown Service Group Co (HKSE:02869) Overvalued in 2026?

Based on GuruFocus' analysis, Greentown Service Group Co stock appears to be undervalued. The current stock price of HK$4.26 is trading 10.8% below its estimated GF Value™ of HK$4.77. GuruFocus considers Greentown Service Group Co to be Modestly Undervalued.

Key valuation signals for HKSE:02869:

  • Asset Turnover: 0.54
  • GF Value™: HK$4.77 vs. price of HK$4.26 (10.8% below fair value)
  • GF Score™: 94/100 with 4 warning signs

No single metric tells the full story. See the HKSE:02869 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Greentown Service Group Co Business Description

Address No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN
Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to over 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own more than 40% stake in GSG in 2025. China property developer Longfor Group holds around 9% equity interest in GSG.
94GF Score

Get the complete analysis for HKSE:02869

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

HK$4.26
Price
HK$4.77
GF Value