Hardide (LSE:HDD) Asset Turnover: 0.59 (As of Mar. 2026)


LSE:HDD Hardide PLC LSE:HDD
42 GF Score
Price £0.72
GF Value £0.13
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Hardide Asset Turnover?

Hardide LSE:HDD +9.92% 42 Asset Turnover is 0.59 as of Mar. 2026. GuruFocus rates LSE:HDD with a GF Score™ of 42/100 and a GF Value™ of £0.13 (Significantly Overvalued). 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. Hardide's Revenue for the six months ended in Mar. 2026 was £4.79 Mil. Hardide's Total Assets for the quarter that ended in Mar. 2026 was £8.16 Mil. Therefore, Hardide's Asset Turnover for the quarter that ended in Mar. 2026 was 0.59.

Asset Turnover is linked to ROE % through Du Pont Formula. Hardide's annualized ROE % for the quarter that ended in Mar. 2026 was 54.22%. It is also linked to ROA % through Du Pont Formula. Hardide's annualized ROA % for the quarter that ended in Mar. 2026 was 30.03%.

Hardide  (LSE:HDD) Asset Turnover Explanation

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

Hardide's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2.452/4.522
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.452 / 9.578)*(9.578 / 8.164)*(8.164/ 4.522)
=Net Margin %*Asset Turnover*Equity Multiplier
=25.6 %*1.1732*1.8054
=ROA %*Equity Multiplier
=30.03 %*1.8054
=54.22 %

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:

Hardide's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=2.452/8.164
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.452 / 9.578)*(9.578 / 8.164)
=Net Margin %*Asset Turnover
=25.6 %*1.1732
=30.03 %

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.

Hardide Asset Turnover Related Terms

Hardide Asset Turnover Historical Data

* Premium members only.

The historical data trend for Hardide'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.

Hardide Asset Turnover Chart

Hardide Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.49 0.61 0.59 0.79

Hardide 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 0.26 0.33 0.37 0.43 0.59

LSE:HDD vs LIN, SHW, ECL: Asset Turnover Comparison

For the Specialty Chemicals subindustry, Hardide'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.

Hardide Asset Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hardide's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Hardide's Asset Turnover falls into.


LSE:HDD
42GF Score
Hardide PLC LSE:HDD
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Hardide Asset Turnover Calculation

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

Hardide's Asset Turnover for the fiscal year that ended in Sep. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2025 )/( (Total Assets (A: Sep. 2024 )+Total Assets (A: Sep. 2025 ))/ count )
=6.03/( (7.752+7.614)/ 2 )
=6.03/7.683
=0.78

Hardide'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 )
=4.789/( (7.614+8.714)/ 2 )
=4.789/8.164
=0.59

* 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 0.59 mean?
Hardide (LSE:HDD) has a Asset Turnover of 0.59 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hardide and its competitors.
Is Hardide's Asset Turnover too high?
Hardide's current Asset Turnover is 0.59. Overall, Hardide has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hardide's Asset Turnover compare to LIN and SHW?
Hardide's Asset Turnover of 0.59 can be compared against companies in the Chemicals 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 Chemicals company?
A good Asset Turnover depends on the Chemicals 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 Hardide and its competitors. Hardide's current Asset Turnover is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardide stock overvalued right now?
Based on GuruFocus' analysis, Hardide (LSE:HDD) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.13, compared to a current price of £0.72 — trading 453.8% above its estimated fair value. The current Asset Turnover is 0.59. Hardide's overall GF Score™ is 42/100 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 Hardide (LSE:HDD), the current Asset Turnover is 0.59 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 Hardide (LSE:HDD) Overvalued in 2026?

Based on GuruFocus' analysis, Hardide stock appears to be overvalued. The current stock price of £0.72 is trading 453.8% above its estimated GF Value™ of £0.13. GuruFocus considers Hardide to be Significantly Overvalued.

Key valuation signals for LSE:HDD:

  • Asset Turnover: 0.59
  • GF Value™: £0.13 vs. price of £0.72 (453.8% above fair value)
  • GF Score™: 42/100 with 2 warning signs

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

Hardide Business Description

Other Exchanges 9V0:Germany
Address 9 Longlands Road, Bicester, Oxfordshire, GBR, OX26 5AH
Hardide PLC is a UK-based company that acts as a provider of tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has it's reportable segments namely UK operation, United States operation and Corporate Central Functions. The majority of the company's revenue is generated from United Kingdom operations.
42GF Score

Get the complete analysis for LSE:HDD

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

£0.72
Price
£0.13
GF Value