Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Yutong Bus Co's Revenue for the
three
months ended in Mar. 2026 was ¥5,909 Mil. Yutong Bus Co's Total Assets for the quarter that ended in Mar. 2026 was ¥33,420 Mil. Therefore, Yutong Bus Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.18.
Asset Turnover is linked to ROE % through Du Pont Formula. Yutong Bus Co's annualizedROE % for the quarter that ended in Mar. 2026 was 16.57%. It is also linked to ROA % through Du Pont Formula. Yutong Bus Co's annualizedROA % for the quarter that ended in Mar. 2026 was 7.89%.
Yutong Bus Co (SHSE:600066) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Yutong Bus Co's annulizedROE % for the quarter that ended in Mar. 2026 is
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:
Yutong Bus Co's annulizedROA % for the quarter that ended in Mar. 2026 is
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.
Yutong Bus Co Asset Turnover Related Terms
Yutong Bus Co Asset Turnover Historical Data
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The historical data trend for Yutong Bus Co'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.
SHSE:600066 vs CAT, DE, PCAR: Asset Turnover Comparison
For the Farm & Heavy Construction Machinery subindustry, Yutong Bus Co'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.
Yutong Bus Co Asset Turnover vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Yutong Bus Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Yutong Bus Co'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.
Yutong Bus Co (SHSE:600066) has a Asset Turnover of 0.18 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Yutong Bus Co and its competitors.
Is Yutong Bus Co's Asset Turnover too high?
Yutong Bus Co's current Asset Turnover is 0.18. Overall, Yutong Bus Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yutong Bus Co's Asset Turnover compare to CAT and DE?
Yutong Bus Co's Asset Turnover of 0.18 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Asset Turnover depends on the Farm & Heavy Construction Machinery 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 Yutong Bus Co and its competitors. Yutong Bus Co's current Asset Turnover is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yutong Bus Co stock overvalued right now?
Based on GuruFocus' analysis, Yutong Bus Co (SHSE:600066) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥30.73, compared to a current price of ¥27.51 — trading 10.5% below its estimated fair value. The current Asset Turnover is 0.18. Yutong Bus Co's overall GF Score™ is 95/100. 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 Yutong Bus Co (SHSE:600066), the current Asset Turnover is 0.18 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 Yutong Bus Co (SHSE:600066) Overvalued in 2026?
Based on GuruFocus' analysis, Yutong Bus Co stock appears to be undervalued.
The current stock price of ¥27.51 is trading 10.5% below its estimated GF Value™ of ¥30.73.
GuruFocus considers Yutong Bus Co to be Modestly Undervalued.
Key valuation signals for SHSE:600066:
Asset Turnover: 0.18
GF Value™: ¥30.73 vs. price of ¥27.51 (10.5% below fair value)
No single metric tells the full story. See the SHSE:600066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yutong Bus Co Ltd engages in the manufacture and sale of buses and related products. The company operates its business through four main segments. The Bus Manufacturing segment focuses on producing and selling large, medium, and light buses, which include passenger buses, city buses, school buses, and various types of new energy vehicles such as pure electric, plug-in hybrid, and fuel cell models. The Foreign Trade segment handles both domestic and international sales and distribution of buses and new energy vehicles. The Passenger Transportation segment covers services such as group rentals, short-distance and highway travel, tourism transport, bus operations, employee commuting, and school transportation. The Other segment is responsible for providing after-sales support and services.
95GF Score
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