Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Asset Turnover: 0.05 (As of Mar. 2026)

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SHSE:603682 Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
73 GF Score
Price ¥9.60
GF Value ¥7.06
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Shanghai Golden Union Commercial Management (Group) Co Asset Turnover?

Shanghai Golden Union Commercial Management (Group) Co SHSE:603682 +9.97% 73 Asset Turnover is 0.05 as of Mar. 2026. GuruFocus rates SHSE:603682 with a GF Score™ of 73/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). The stock has 9 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. Shanghai Golden Union Commercial Management (Group) Co's Revenue for the three months ended in Mar. 2026 was ¥227.2 Mil. Shanghai Golden Union Commercial Management (Group) Co's Total Assets for the quarter that ended in Mar. 2026 was ¥4,447.4 Mil. Therefore, Shanghai Golden Union Commercial Management (Group) Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Shanghai Golden Union Commercial Management (Group) Co's annualized ROE % for the quarter that ended in Mar. 2026 was 5.22%. It is also linked to ROA % through Du Pont Formula. Shanghai Golden Union Commercial Management (Group) Co's annualized ROA % for the quarter that ended in Mar. 2026 was 0.82%.


Shanghai Golden Union Commercial Management (Group) Co  (SHSE:603682) Asset Turnover Explanation

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

Shanghai Golden Union Commercial Management (Group) Co's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=36.448/697.6955
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(36.448 / 908.86)*(908.86 / 4447.4035)*(4447.4035/ 697.6955)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.01 %*0.2044*6.3744
=ROA %*Equity Multiplier
=0.82 %*6.3744
=5.22 %

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:

Shanghai Golden Union Commercial Management (Group) Co's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=36.448/4447.4035
=(Net Income / Revenue)*(Revenue / Total Assets)
=(36.448 / 908.86)*(908.86 / 4447.4035)
=Net Margin %*Asset Turnover
=4.01 %*0.2044
=0.82 %

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.


Shanghai Golden Union Commercial Management (Group) Co Asset Turnover Related Terms


Shanghai Golden Union Commercial Management (Group) Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Shanghai Golden Union Commercial Management (Group) 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.

Shanghai Golden Union Commercial Management (Group) Co Asset Turnover Chart

Shanghai Golden Union Commercial Management (Group) Co 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 0.19 0.17 0.19 0.18 0.19

Shanghai Golden Union Commercial Management (Group) Co 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 0.05 0.05 0.05 0.05 0.05

SHSE:603682 vs CBRE, BEKE, JLL: Asset Turnover Comparison

For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (Group) 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.


Shanghai Golden Union Commercial Management (Group) Co Asset Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Golden Union Commercial Management (Group) Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Union Commercial Management (Group) Co's Asset Turnover falls into.


SHSE:603682
73GF Score
Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Golden Union Commercial Management (Group) Co Asset Turnover Calculation

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

Shanghai Golden Union Commercial Management (Group) Co'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 )
=946.617/( (5490.734+4551.446)/ 2 )
=946.617/5021.09
=0.19

Shanghai Golden Union Commercial Management (Group) Co'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 )
=227.215/( (4551.446+4343.361)/ 2 )
=227.215/4447.4035
=0.05

* 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 0.05 mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a Asset Turnover of 0.05 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Shanghai Golden Union Commercial Management (Group) Co and its competitors.
Is Shanghai Golden Union Commercial Management (Group) Co's Asset Turnover too high?
Shanghai Golden Union Commercial Management (Group) Co's current Asset Turnover is 0.05. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's Asset Turnover compare to CBRE and BEKE?
Shanghai Golden Union Commercial Management (Group) Co's Asset Turnover of 0.05 can be compared against companies in the Real Estate 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 Real Estate company?
A good Asset Turnover depends on the Real Estate 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. Shanghai Golden Union Commercial Management (Group) Co's current Asset Turnover is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥9.60 — trading 36% above its estimated fair value. The current Asset Turnover is 0.05. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 73/100 with 9 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682), the current Asset Turnover is 0.05 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued. The current stock price of ¥9.60 is trading 36% above its estimated GF Value™ of ¥7.06. GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603682:

  • Asset Turnover: 0.05
  • GF Value™: ¥7.06 vs. price of ¥9.60 (36% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Golden Union Commercial Management (Group) Co Business Description

Address No. 68 Hongcao Road, 18th Floor, Building 43, Jinhe Center, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
73GF Score

Get the complete analysis for SHSE:603682

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

¥9.60
Price
¥7.06
GF Value