Wing Lee Development Construction Holdings (HKSE:09639) Asset Turnover: 0.57 (As of Mar. 2026)

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HKSE:09639 Wing Lee Development Construction Holdings Ltd HKSE:09639
19 GF Score
Price HK$0.93
! 5 Warning Signs
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What is Wing Lee Development Construction Holdings Asset Turnover?

Wing Lee Development Construction Holdings HKSE:09639 19 Asset Turnover is 0.57 as of Mar. 2026. GuruFocus rates HKSE:09639 with a GF Score™ of 19/100. The stock has 5 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. Wing Lee Development Construction Holdings's Revenue for the six months ended in Mar. 2026 was HK$367.9 Mil. Wing Lee Development Construction Holdings's Total Assets for the quarter that ended in Mar. 2026 was HK$641.1 Mil. Therefore, Wing Lee Development Construction Holdings's Asset Turnover for the quarter that ended in Mar. 2026 was 0.57.

Asset Turnover is linked to ROE % through Du Pont Formula. Wing Lee Development Construction Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was -0.42%. It is also linked to ROA % through Du Pont Formula. Wing Lee Development Construction Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was -0.25%.


Wing Lee Development Construction Holdings  (HKSE:09639) Asset Turnover Explanation

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

Wing Lee Development Construction Holdings's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-1.572/370.3895
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.572 / 735.778)*(735.778 / 641.1225)*(641.1225/ 370.3895)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.21 %*1.1476*1.7309
=ROA %*Equity Multiplier
=-0.25 %*1.7309
=-0.42 %

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:

Wing Lee Development Construction Holdings's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-1.572/641.1225
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.572 / 735.778)*(735.778 / 641.1225)
=Net Margin %*Asset Turnover
=-0.21 %*1.1476
=-0.25 %

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.


Wing Lee Development Construction Holdings Asset Turnover Related Terms


Wing Lee Development Construction Holdings Asset Turnover Historical Data

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The historical data trend for Wing Lee Development Construction 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.

Wing Lee Development Construction Holdings Asset Turnover Chart

Wing Lee Development Construction Holdings Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
1.93 1.36 1.68 1.53 1.00

Wing Lee Development Construction Holdings Semi-Annual Data
Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Asset Turnover Get a 7-Day Free Trial 0.82 1.04 0.65 0.43 0.57

HKSE:09639 vs PWR, FIX, EME: Asset Turnover Comparison

For the Engineering & Construction subindustry, Wing Lee Development Construction 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.


Wing Lee Development Construction Holdings Asset Turnover vs Construction Industry

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

* The bar in red indicates where Wing Lee Development Construction Holdings's Asset Turnover falls into.


HKSE:09639
19GF Score
Wing Lee Development Construction Holdings Ltd HKSE:09639
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Wing Lee Development Construction Holdings Asset Turnover Calculation

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

Wing Lee Development Construction 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 )
=620.321/( (570.522+671.36)/ 2 )
=620.321/620.941
=1.00

Wing Lee Development Construction 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 )
=367.889/( (610.885+671.36)/ 2 )
=367.889/641.1225
=0.57

* 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 0.57 mean?
Wing Lee Development Construction Holdings (HKSE:09639) has a Asset Turnover of 0.57 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Wing Lee Development Construction Holdings and its competitors.
Is Wing Lee Development Construction Holdings' Asset Turnover too high?
Wing Lee Development Construction Holdings' current Asset Turnover is 0.57. Overall, Wing Lee Development Construction Holdings has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Wing Lee Development Construction Holdings' Asset Turnover compare to PWR and FIX?
Wing Lee Development Construction Holdings' Asset Turnover of 0.57 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 Wing Lee Development Construction Holdings and its competitors. Wing Lee Development Construction Holdings's current Asset Turnover is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wing Lee Development Construction Holdings stock overvalued right now?
Wing Lee Development Construction Holdings (HKSE:09639) has a current Asset Turnover of 0.57. The current Asset Turnover is 0.57. Wing Lee Development Construction Holdings' overall GF Score™ is 19/100 with 5 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 Wing Lee Development Construction Holdings (HKSE:09639), the current Asset Turnover is 0.57 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.

Wing Lee Development Construction Holdings Business Description

Address No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG
Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialized in site formation works and road and drainage works, and its electrical cable engineering works specialized in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.
19GF Score

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