Fidelity China Special Situations (LSE:FCSS) Asset Turnover: -0.16 (As of Mar. 2026)


LSE:FCSS Fidelity China Special Situations PLC LSE:FCSS
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What is Fidelity China Special Situations Asset Turnover?

Fidelity China Special Situations LSE:FCSS +0.82% 41 Asset Turnover is -0.16 as of Mar. 2026. GuruFocus rates LSE:FCSS with a GF Score™ of 41/100. The stock has 1 warning sign 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. Fidelity China Special Situations's Revenue for the six months ended in Mar. 2026 was £-253.0 Mil. Fidelity China Special Situations's Total Assets for the quarter that ended in Mar. 2026 was £1,624.4 Mil. Therefore, Fidelity China Special Situations's Asset Turnover for the quarter that ended in Mar. 2026 was -0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Fidelity China Special Situations's annualized ROE % for the quarter that ended in Mar. 2026 was -32.18%. It is also linked to ROA % through Du Pont Formula. Fidelity China Special Situations's annualized ROA % for the quarter that ended in Mar. 2026 was -31.24%.


Fidelity China Special Situations  (LSE:FCSS) Asset Turnover Explanation

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

Fidelity China Special Situations's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-507.524/1577.2685
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-507.524 / -505.908)*(-505.908 / 1624.3955)*(1624.3955/ 1577.2685)
=Net Margin %*Asset Turnover*Equity Multiplier
=100.32 %*-0.3114*1.0299
=ROA %*Equity Multiplier
=-31.24 %*1.0299
=-32.18 %

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:

Fidelity China Special Situations's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-507.524/1624.3955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-507.524 / -505.908)*(-505.908 / 1624.3955)
=Net Margin %*Asset Turnover
=100.32 %*-0.3114
=-31.24 %

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.


Fidelity China Special Situations Asset Turnover Related Terms


Fidelity China Special Situations Asset Turnover Historical Data

* Premium members only.

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations Asset Turnover Chart

Fidelity China Special Situations 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 -0.39 0.02 -0.16 0.26 0.10

Fidelity China Special Situations 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 -0.05 0.14 0.11 0.25 -0.16

LSE:FCSS vs BLK, BX, KKR: Asset Turnover Comparison

For the Asset Management subindustry, Fidelity China Special Situations'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.


Fidelity China Special Situations Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Fidelity China Special Situations's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Fidelity China Special Situations's Asset Turnover falls into.


LSE:FCSS
41GF Score
Fidelity China Special Situations PLC LSE:FCSS
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Fidelity China Special Situations Asset Turnover Calculation

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

Fidelity China Special Situations'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 )
=146.541/( (1446.922+1455.778)/ 2 )
=146.541/1451.35
=0.10

Fidelity China Special Situations'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 )
=-252.954/( (1793.013+1455.778)/ 2 )
=-252.954/1624.3955
=-0.16

* 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 -0.16 mean?
Fidelity China Special Situations (LSE:FCSS) has a Asset Turnover of -0.16 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Fidelity China Special Situations and its competitors.
Is Fidelity China Special Situations' Asset Turnover too high?
Fidelity China Special Situations' current Asset Turnover is -0.16. Overall, Fidelity China Special Situations has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Fidelity China Special Situations' Asset Turnover compare to BLK and BX?
Fidelity China Special Situations' Asset Turnover of -0.16 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Asset Turnover depends on the Asset Management 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 Fidelity China Special Situations and its competitors. Fidelity China Special Situations's current Asset Turnover is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity China Special Situations stock overvalued right now?
Fidelity China Special Situations (LSE:FCSS) has a current Asset Turnover of -0.16. The current Asset Turnover is -0.16. Fidelity China Special Situations' overall GF Score™ is 41/100 with 1 warning sign 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 Fidelity China Special Situations (LSE:FCSS), the current Asset Turnover is -0.16 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.

Fidelity China Special Situations Business Description

Address Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP
Fidelity China Special Situations PLC offers investors building a diversified portfolio direct exposure to China. The Company's investment objective is to achieve long-term capital growth through an actively managed portfolio mainly comprising securities issued by companies in China, both listed and unlisted, as well as Chinese companies listed elsewhere. The Company may also invest in companies with interests in China. Its portfolio may consist of equities, index-linked securities, equity-linked notes, other debt securities, cash deposits, money market instruments, foreign currency exchange transactions and other interests, including derivatives such as futures, options and contracts for difference.
41GF Score

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