Smart City Development Holdings (HKSE:08268) Asset Turnover: 0.92 (As of Mar. 2026)

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HKSE:08268 Smart City Development Holdings Ltd HKSE:08268
39 GF Score
Price HK$0.19
GF Value HK$0.37
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Smart City Development Holdings Asset Turnover?

Smart City Development Holdings HKSE:08268 -10.38% 39 Asset Turnover is 0.92 as of Mar. 2026. GuruFocus rates HKSE:08268 with a GF Score™ of 39/100 and a GF Value™ of HK$0.37 (Possible Value Trap). The stock has 6 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. Smart City Development Holdings's Revenue for the six months ended in Mar. 2026 was HK$192.1 Mil. Smart City Development Holdings's Total Assets for the quarter that ended in Mar. 2026 was HK$209.9 Mil. Therefore, Smart City Development Holdings's Asset Turnover for the quarter that ended in Mar. 2026 was 0.92.

Asset Turnover is linked to ROE % through Du Pont Formula. Smart City Development Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was -26.85%. It is also linked to ROA % through Du Pont Formula. Smart City Development Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was -12.24%.


Smart City Development Holdings  (HKSE:08268) Asset Turnover Explanation

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

Smart City Development Holdings's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-25.682/95.6625
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-25.682 / 384.216)*(384.216 / 209.9045)*(209.9045/ 95.6625)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.68 %*1.8304*2.1942
=ROA %*Equity Multiplier
=-12.24 %*2.1942
=-26.85 %

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:

Smart City Development Holdings's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-25.682/209.9045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-25.682 / 384.216)*(384.216 / 209.9045)
=Net Margin %*Asset Turnover
=-6.68 %*1.8304
=-12.24 %

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.


Smart City Development Holdings Asset Turnover Related Terms


Smart City Development Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for Smart City Development 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.

Smart City Development Holdings Asset Turnover Chart

Smart City Development 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 0.94 1.04 1.33 1.24 1.58

Smart City Development 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 0.74 0.62 0.63 0.81 0.92

HKSE:08268 vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, Smart City Development 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 City Development Holdings Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, Smart City Development Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Smart City Development Holdings's Asset Turnover falls into.


HKSE:08268
39GF Score
Smart City Development Holdings Ltd HKSE:08268
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smart City Development Holdings Asset Turnover Calculation

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

Smart City Development 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 )
=405.738/( (312.646+201.839)/ 2 )
=405.738/257.2425
=1.58

Smart City Development 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 )
=192.108/( (217.97+201.839)/ 2 )
=192.108/209.9045
=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?
Smart City Development Holdings (HKSE:08268) has a Asset Turnover of 0.92 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Smart City Development Holdings and its competitors.
Is Smart City Development Holdings' Asset Turnover too high?
Smart City Development Holdings' current Asset Turnover is 0.92. Overall, Smart City Development Holdings has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Smart City Development Holdings' Asset Turnover compare to PWR and FIX?
Smart City Development Holdings' Asset Turnover of 0.92 can be compared against companies in the Construction 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 Construction company?
A good Asset Turnover depends on the Construction 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 City Development Holdings and its competitors. Smart City Development Holdings'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 Smart City Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart City Development Holdings (HKSE:08268) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.19 — trading 48.6% below its estimated fair value. The current Asset Turnover is 0.92. Smart City Development Holdings' overall GF Score™ is 39/100 with 6 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 City Development Holdings (HKSE:08268), the current Asset Turnover is 0.92 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 Smart City Development Holdings (HKSE:08268) Overvalued in 2026?

Based on GuruFocus' analysis, Smart City Development Holdings stock appears to be undervalued. The current stock price of HK$0.19 is trading 48.6% below its estimated GF Value™ of HK$0.37. GuruFocus considers Smart City Development Holdings to be Possible Value Trap.

Key valuation signals for HKSE:08268:

  • Asset Turnover: 0.92
  • GF Value™: HK$0.37 vs. price of HK$0.19 (48.6% below fair value)
  • GF Score™: 39/100 with 6 warning signs

No single metric tells the full story. See the HKSE:08268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smart City Development Holdings Business Description

Address No. 57 Hung To Road, 11th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG
Smart City Development Holdings Ltd is involved in securities investment, money lending, property investment and construction business sectors. The company has four segments: the construction segment, which is the key revenue-generating business, involves various processes including, building construction works, electrical and mechanical engineering works and fitting-out works; the securities investment segment is engaged in investment in securities; the property investment business segment is engaged in the holding of investment properties; and the money lending business segment. It has a business presence in Hong Kong and Mainland China.
39GF Score

Get the complete analysis for HKSE:08268

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

HK$0.19
Price
HK$0.37
GF Value