Hangzhou SF Intra-City Industrial Co (HKSE:09699) Asset Turnover: 2.41 (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:09699 Hangzhou SF Intra-City Industrial Co Ltd HKSE:09699
77 GF Score
Price HK$8.14
GF Value HK$20.40
Valuation Significantly Undervalued
View Full Analysis

What is Hangzhou SF Intra-City Industrial Co Asset Turnover?

Hangzhou SF Intra-City Industrial Co HKSE:09699 -3.61% 77 Asset Turnover is 2.41 as of Dec. 2025. GuruFocus rates HKSE:09699 with a GF Score™ of 77/100 and a GF Value™ of HK$20.40 (Significantly Undervalued).

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hangzhou SF Intra-City Industrial Co's Revenue for the six months ended in Dec. 2025 was HK$13,989 Mil. Hangzhou SF Intra-City Industrial Co's Total Assets for the quarter that ended in Dec. 2025 was HK$5,799 Mil. Therefore, Hangzhou SF Intra-City Industrial Co's Asset Turnover for the quarter that ended in Dec. 2025 was 2.41.

Asset Turnover is linked to ROE % through Du Pont Formula. Hangzhou SF Intra-City Industrial Co's annualized ROE % for the quarter that ended in Dec. 2025 was 8.85%. It is also linked to ROA % through Du Pont Formula. Hangzhou SF Intra-City Industrial Co's annualized ROA % for the quarter that ended in Dec. 2025 was 5.36%.


Hangzhou SF Intra-City Industrial Co  (HKSE:09699) Asset Turnover Explanation

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

Hangzhou SF Intra-City Industrial Co's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=310.802/3513.427
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(310.802 / 27977.576)*(27977.576 / 5799.3705)*(5799.3705/ 3513.427)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.11 %*4.8242*1.6506
=ROA %*Equity Multiplier
=5.36 %*1.6506
=8.85 %

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:

Hangzhou SF Intra-City Industrial Co's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=310.802/5799.3705
=(Net Income / Revenue)*(Revenue / Total Assets)
=(310.802 / 27977.576)*(27977.576 / 5799.3705)
=Net Margin %*Asset Turnover
=1.11 %*4.8242
=5.36 %

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.


Hangzhou SF Intra-City Industrial Co Asset Turnover Related Terms


Hangzhou SF Intra-City Industrial Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Hangzhou SF Intra-City Industrial 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.

Hangzhou SF Intra-City Industrial Co Asset Turnover Chart

Hangzhou SF Intra-City Industrial Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial 2.93 2.35 2.95 3.51 4.59

Hangzhou SF Intra-City Industrial Co Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 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 Premium Member Only Premium Member Only 1.61 1.61 1.98 2.12 2.41

HKSE:09699 vs UPS, FDX, JBHT: Asset Turnover Comparison

For the Integrated Freight & Logistics subindustry, Hangzhou SF Intra-City Industrial 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.


Hangzhou SF Intra-City Industrial Co Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Hangzhou SF Intra-City Industrial Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou SF Intra-City Industrial Co's Asset Turnover falls into.


HKSE:09699
77GF Score
Hangzhou SF Intra-City Industrial Co Ltd HKSE:09699
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hangzhou SF Intra-City Industrial Co Asset Turnover Calculation

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

Hangzhou SF Intra-City Industrial 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 )
=25296.7/( (4985.743+6044.021)/ 2 )
=25296.7/5514.882
=4.59

Hangzhou SF Intra-City Industrial Co'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 )
=13988.788/( (5554.72+6044.021)/ 2 )
=13988.788/5799.3705
=2.41

* 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 2.41 mean?
Hangzhou SF Intra-City Industrial Co (HKSE:09699) has a Asset Turnover of 2.41 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hangzhou SF Intra-City Industrial Co and its competitors.
Is Hangzhou SF Intra-City Industrial Co's Asset Turnover too high?
Hangzhou SF Intra-City Industrial Co's current Asset Turnover is 2.41. Overall, Hangzhou SF Intra-City Industrial Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou SF Intra-City Industrial Co's Asset Turnover compare to UPS and FDX?
Hangzhou SF Intra-City Industrial Co's Asset Turnover of 2.41 can be compared against companies in the Transportation 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 Transportation company?
A good Asset Turnover depends on the Transportation 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 Hangzhou SF Intra-City Industrial Co and its competitors. Hangzhou SF Intra-City Industrial Co's current Asset Turnover is 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou SF Intra-City Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou SF Intra-City Industrial Co (HKSE:09699) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$20.40, compared to a current price of HK$8.14 — trading 60.1% below its estimated fair value. The current Asset Turnover is 2.41. Hangzhou SF Intra-City Industrial Co's overall GF Score™ is 77/100. 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 Hangzhou SF Intra-City Industrial Co (HKSE:09699), the current Asset Turnover is 2.41 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 Hangzhou SF Intra-City Industrial Co (HKSE:09699) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou SF Intra-City Industrial Co stock appears to be undervalued. The current stock price of HK$8.14 is trading 60.1% below its estimated GF Value™ of HK$20.40. GuruFocus considers Hangzhou SF Intra-City Industrial Co to be Significantly Undervalued.

Key valuation signals for HKSE:09699:

  • Asset Turnover: 2.41
  • GF Value™: HK$20.40 vs. price of HK$8.14 (60.1% below fair value)
  • GF Score™: 77/100

No single metric tells the full story. See the HKSE:09699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou SF Intra-City Industrial Co Business Description

Address No. 3076 Xinghai Road, Floor 21-22, Shunfeng Headquarters Building, Nanshan District, Guangdong Province, Shenzhen, CHN
Hangzhou SF Intra-City Industrial Co Ltd is a third-party instant distribution platform in China. It serves brand customers, small and medium-sized merchants, and individual users, providing integrated real-time logistics solutions for commercial distribution, daily pickup and delivery, and others. The company generates almost all of its revenue from Intra-city on-demand delivery service.
77GF Score

Get the complete analysis for HKSE:09699

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

HK$8.14
Price
HK$20.40
GF Value