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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. SHS Holdings's Revenue for the
six
months ended in Dec. 2025 was S$213.7 Mil. SHS Holdings's Total Assets for the quarter that ended in Dec. 2025 was S$327.3 Mil. Therefore, SHS Holdings's Asset Turnover for the quarter that ended in Dec. 2025 was 0.65.
Asset Turnover is linked to ROE % through Du Pont Formula. SHS Holdings's annualizedROE % for the quarter that ended in Dec. 2025 was -15.80%. It is also linked to ROA % through Du Pont Formula. SHS Holdings's annualizedROA % for the quarter that ended in Dec. 2025 was -6.80%.
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:
SHS Holdings's annulizedROA % for the quarter that ended in Dec. 2025 is
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.
SHS Holdings Asset Turnover Related Terms
SHS Holdings Asset Turnover Historical Data
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The historical data trend for SHS 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.
SGX:566 vs CRS, ATI, MLI: Asset Turnover Comparison
For the Metal Fabrication subindustry, SHS 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.
SHS Holdings Asset Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SHS Holdings's Asset Turnover distribution charts can be found below:
* The bar in red indicates where SHS Holdings's Asset Turnover falls into.
* 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.
SHS Holdings (SGX:566) has a Asset Turnover of 0.65 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on SHS Holdings and its competitors.
Is SHS Holdings' Asset Turnover too high?
SHS Holdings' current Asset Turnover is 0.65. Overall, SHS Holdings has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SHS Holdings' Asset Turnover compare to CRS and ATI?
SHS Holdings' Asset Turnover of 0.65 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 SHS Holdings and its competitors. SHS Holdings's current Asset Turnover is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHS Holdings stock overvalued right now?
Based on GuruFocus' analysis, SHS Holdings (SGX:566) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.44, compared to a current price of S$0.12 — trading 72.7% below its estimated fair value. The current Asset Turnover is 0.65. SHS Holdings' overall GF Score™ is 27/100 with 4 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 SHS Holdings (SGX:566), the current Asset Turnover is 0.65 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 SHS Holdings (SGX:566) Overvalued in 2026?
Based on GuruFocus' analysis, SHS Holdings stock appears to be undervalued.
The current stock price of S$0.12 is trading 72.7% below its estimated GF Value™ of S$0.44.
GuruFocus considers SHS Holdings to be Possible Value Trap.
Key valuation signals for SGX:566:
Asset Turnover: 0.65
GF Value™: S$0.44 vs. price of S$0.12 (72.7% below fair value)
No single metric tells the full story. See the SGX:566 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SHS Holdings Ltd is engaged in the design, engineering, and construction of steel, aluminium and glass structures. It is also engaged in corrosion prevention, structural steel and facade and solar energy operations. The company's segments include Corrosion prevention; Solar Energy; Engineering and Construction and Others. The Engineering & Construction segment, deriving the majority of the revenue, is engaged in the business of designing, engineering, and constructing steel, aluminium, and glass structures, and the design, construction, and manufacturing services in modular construction projects.
27GF Score
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