Tencent Holdings (LTS:0LEA) Asset Turnover: 0.10 (As of Mar. 2026)


LTS:0LEA Tencent Holdings Ltd LTS:0LEA
80 GF Score
Price $53.76
GF Value $67.46
Valuation Modestly Undervalued
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What is Tencent Holdings Asset Turnover?

Tencent Holdings LTS:0LEA +0.98% 80 Asset Turnover is 0.10 as of Mar. 2026. GuruFocus rates LTS:0LEA with a GF Score™ of 80/100 and a GF Value™ of $67.46 (Modestly Undervalued).

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tencent Holdings's Revenue for the three months ended in Mar. 2026 was $28,505 Mil. Tencent Holdings's Total Assets for the quarter that ended in Mar. 2026 was $293,570 Mil. Therefore, Tencent Holdings's Asset Turnover for the quarter that ended in Mar. 2026 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Tencent Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 20.59%. It is also linked to ROA % through Du Pont Formula. Tencent Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 11.48%.

Tencent Holdings  (LTS:0LEA) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=33715.704/163741.357
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(33715.704 / 114019.24)*(114019.24 / 293570.3915)*(293570.3915/ 163741.357)
=Net Margin %*Asset Turnover*Equity Multiplier
=29.57 %*0.3884*1.7929
=ROA %*Equity Multiplier
=11.48 %*1.7929
=20.59 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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:

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

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=33715.704/293570.3915
=(Net Income / Revenue)*(Revenue / Total Assets)
=(33715.704 / 114019.24)*(114019.24 / 293570.3915)
=Net Margin %*Asset Turnover
=29.57 %*0.3884
=11.48 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.

Tencent Holdings Asset Turnover Related Terms

Tencent Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tencent 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.

Tencent Holdings Asset Turnover Chart

Tencent Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.33 0.38 0.39 0.40

Tencent Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.10 0.09 0.10 0.10 0.10

LTS:0LEA vs GOOGL, META, SPOT: Asset Turnover Comparison

For the Internet Content & Information subindustry, Tencent 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.

Tencent Holdings Asset Turnover vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Holdings's Asset Turnover distribution charts can be found below:

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


LTS:0LEA
80GF Score
Tencent Holdings Ltd LTS:0LEA
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Tencent Holdings Asset Turnover Calculation

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

Tencent Holdings'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 )
=106736.427/( (244618.649+289497.104)/ 2 )
=106736.427/267057.8765
=0.40

Tencent 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: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=28504.81/( (289497.104+297643.679)/ 2 )
=28504.81/293570.3915
=0.10

* 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 0.10 mean?
Tencent Holdings (LTS:0LEA) has a Asset Turnover of 0.10 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tencent Holdings and its competitors.
Is Tencent Holdings' Asset Turnover too high?
Tencent Holdings' current Asset Turnover is 0.10. Overall, Tencent Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tencent Holdings' Asset Turnover compare to GOOGL and META?
Tencent Holdings' Asset Turnover of 0.10 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Asset Turnover depends on the Interactive Media 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 Tencent Holdings and its competitors. Tencent Holdings's current Asset Turnover is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tencent Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tencent Holdings (LTS:0LEA) is currently considered Modestly Undervalued. The stock's GF Value™ is $67.46, compared to a current price of $53.76 — trading 20.3% below its estimated fair value. The current Asset Turnover is 0.10. Tencent Holdings' overall GF Score™ is 80/100. 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 Tencent Holdings (LTS:0LEA), the current Asset Turnover is 0.10 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 Tencent Holdings (LTS:0LEA) Overvalued in 2026?

Based on GuruFocus' analysis, Tencent Holdings stock appears to be undervalued. The current stock price of $53.76 is trading 20.3% below its estimated GF Value™ of $67.46. GuruFocus considers Tencent Holdings to be Modestly Undervalued.

Key valuation signals for LTS:0LEA:

  • Asset Turnover: 0.10
  • GF Value™: $67.46 vs. price of $53.76 (20.3% below fair value)
  • GF Score™: 80/100

No single metric tells the full story. See the LTS:0LEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tencent Holdings Business Description

Address No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent is the world's largest game publisher, with top-grossing mobile hits like Honor of Kings and Peacekeeper Elite and a steady pipeline of new titles. It also operates WeChat-China's super-app with roughly 1.3 billion users-embedded in daily life for messaging, short video, mini programs, payments, and shopping. Beyond its own platforms, Tencent is a prolific strategic investor, holding stakes in leading internet companies such as PDD, Kuaishou, and Xiaohongshu.
80GF Score

Get the complete analysis for LTS:0LEA

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

$53.76
Price
$67.46
GF Value