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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. Hong Leong Finance's Revenue for the
six
months ended in Dec. 2025 was S$90.0 Mil. Hong Leong Finance's Total Assets for the quarter that ended in Dec. 2025 was S$14,719.2 Mil. Therefore, Hong Leong Finance's Asset Turnover for the quarter that ended in Dec. 2025 was 0.01.
Asset Turnover is linked to ROE % through Du Pont Formula. Hong Leong Finance's annualizedROE % for the quarter that ended in Dec. 2025 was 2.90%. It is also linked to ROA % through Du Pont Formula. Hong Leong Finance's annualizedROA % for the quarter that ended in Dec. 2025 was 0.41%.
Hong Leong Finance (SGX:S41) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Hong Leong Finance's annulizedROE % 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.
** 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:
Hong Leong Finance'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.
Hong Leong Finance Asset Turnover Related Terms
Hong Leong Finance Asset Turnover Historical Data
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The historical data trend for Hong Leong Finance'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.
For the Banks - Regional subindustry, Hong Leong Finance'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.
Hong Leong Finance Asset Turnover vs Banks Industry
For the Banks industry and Financial Services sector, Hong Leong Finance's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Hong Leong Finance'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.
Hong Leong Finance (SGX:S41) has a Asset Turnover of 0.01 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hong Leong Finance and its competitors.
Is Hong Leong Finance's Asset Turnover too high?
Hong Leong Finance's current Asset Turnover is 0.01. Overall, Hong Leong Finance has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Leong Finance's Asset Turnover compare to PNC and USB?
Hong Leong Finance's Asset Turnover of 0.01 can be compared against companies in the Banks 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 Banks company?
A good Asset Turnover depends on the Banks 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 Hong Leong Finance and its competitors. Hong Leong Finance's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Leong Finance stock overvalued right now?
Based on GuruFocus' analysis, Hong Leong Finance (SGX:S41) is currently considered Modestly Overvalued. The stock's GF Value™ is S$2.25, compared to a current price of S$2.51 — trading 11.6% above its estimated fair value. The current Asset Turnover is 0.01. Hong Leong Finance's overall GF Score™ is 61/100 with 5 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 Hong Leong Finance (SGX:S41), the current Asset Turnover is 0.01 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 Hong Leong Finance (SGX:S41) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Leong Finance stock appears to be overvalued.
The current stock price of S$2.51 is trading 11.6% above its estimated GF Value™ of S$2.25.
GuruFocus considers Hong Leong Finance to be Modestly Overvalued.
Key valuation signals for SGX:S41:
Asset Turnover: 0.01
GF Value™: S$2.25 vs. price of S$2.51 (11.6% above fair value)
No single metric tells the full story. See the SGX:S41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Leong Finance Ltd is a financial institution. The activities of the company are related to financing business and the provision of corporate advisory services. The principal activities of the subsidiaries are the provision of nominee services. It operates exclusively in Singapore. The company's service offerings include SME loans, Personal loans, Deposites and savings, and corporate finance.
61GF Score
Get the complete analysis for SGX:S41
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