Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) Asset Turnover: 0.19 (As of Dec. 2025)

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HKSE:09903 Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
9 GF Score
Price HK$404.80
! 2 Warning Signs
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What is Shanghai Iluvatar CoreX Semiconductor Co Asset Turnover?

Shanghai Iluvatar CoreX Semiconductor Co HKSE:09903 +10.54% 9 Asset Turnover is 0.19 as of Dec. 2025. GuruFocus rates HKSE:09903 with a GF Score™ of 9/100. The stock has 2 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. Shanghai Iluvatar CoreX Semiconductor Co's Revenue for the six months ended in Dec. 2025 was HK$784 Mil. Shanghai Iluvatar CoreX Semiconductor Co's Total Assets for the quarter that ended in Dec. 2025 was HK$4,107 Mil. Therefore, Shanghai Iluvatar CoreX Semiconductor Co's Asset Turnover for the quarter that ended in Dec. 2025 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Shanghai Iluvatar CoreX Semiconductor Co's annualized ROE % for the quarter that ended in Dec. 2025 was -32.57%. It is also linked to ROA % through Du Pont Formula. Shanghai Iluvatar CoreX Semiconductor Co's annualized ROA % for the quarter that ended in Dec. 2025 was -21.22%.


Shanghai Iluvatar CoreX Semiconductor Co  (HKSE:09903) Asset Turnover Explanation

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

Shanghai Iluvatar CoreX Semiconductor Co's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-871.274/2674.7505
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-871.274 / 1567.258)*(1567.258 / 4106.7995)*(4106.7995/ 2674.7505)
=Net Margin %*Asset Turnover*Equity Multiplier
=-55.59 %*0.3816*1.5354
=ROA %*Equity Multiplier
=-21.22 %*1.5354
=-32.57 %

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:

Shanghai Iluvatar CoreX Semiconductor Co's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-871.274/4106.7995
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-871.274 / 1567.258)*(1567.258 / 4106.7995)
=Net Margin %*Asset Turnover
=-55.59 %*0.3816
=-21.22 %

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.


Shanghai Iluvatar CoreX Semiconductor Co Asset Turnover Related Terms


Shanghai Iluvatar CoreX Semiconductor Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Shanghai Iluvatar CoreX Semiconductor 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.

Shanghai Iluvatar CoreX Semiconductor Co Asset Turnover Chart

Shanghai Iluvatar CoreX Semiconductor Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Asset Turnover
0.18 0.22 0.33 0.37

Shanghai Iluvatar CoreX Semiconductor Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Asset Turnover Get a 7-Day Free Trial 0.00 0.12 0.20 0.13 0.19

HKSE:09903 vs NVDA, AVGO, MU: Asset Turnover Comparison

For the Semiconductors subindustry, Shanghai Iluvatar CoreX Semiconductor 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.


Shanghai Iluvatar CoreX Semiconductor Co Asset Turnover vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Iluvatar CoreX Semiconductor Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Iluvatar CoreX Semiconductor Co's Asset Turnover falls into.


HKSE:09903
9GF Score
Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Iluvatar CoreX Semiconductor Co Asset Turnover Calculation

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

Shanghai Iluvatar CoreX Semiconductor 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 )
=1141.851/( (1799.214+4321.676)/ 2 )
=1141.851/3060.445
=0.37

Shanghai Iluvatar CoreX Semiconductor 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 )
=783.629/( (3891.923+4321.676)/ 2 )
=783.629/4106.7995
=0.19

* 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 0.19 mean?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a Asset Turnover of 0.19 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors.
Is Shanghai Iluvatar CoreX Semiconductor Co's Asset Turnover too high?
Shanghai Iluvatar CoreX Semiconductor Co's current Asset Turnover is 0.19. Overall, Shanghai Iluvatar CoreX Semiconductor Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Iluvatar CoreX Semiconductor Co's Asset Turnover compare to NVDA and AVGO?
Shanghai Iluvatar CoreX Semiconductor Co's Asset Turnover of 0.19 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Asset Turnover depends on the Semiconductors 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 Shanghai Iluvatar CoreX Semiconductor Co and its competitors. Shanghai Iluvatar CoreX Semiconductor Co's current Asset Turnover is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Iluvatar CoreX Semiconductor Co stock overvalued right now?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a current Asset Turnover of 0.19. The current Asset Turnover is 0.19. Shanghai Iluvatar CoreX Semiconductor Co's overall GF Score™ is 9/100 with 2 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 Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903), the current Asset Turnover is 0.19 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.

Shanghai Iluvatar CoreX Semiconductor Co Business Description

Address No. 2168 Chenhang Road, Room 101, Building 3, Minhang District, Shanghai, CHN
Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. Geographically, it operates in Chinese Mainland; and Hong Kong, of which it derives maximum revenue from Chinese Mainland.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$404.80
Price