Munsin Garment (ROCO:2916) Retained Earnings: NT$157 Mil (As of Jun. 2026)

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ROCO:2916 Munsin Garment Corp ROCO:2916
78 GF Score
Price NT$40.25
GF Value NT$46.67
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Munsin Garment Retained Earnings?

Munsin Garment ROCO:2916 78 Retained Earnings is NT$157 Mil as of Jun. 2026. GuruFocus rates ROCO:2916 with a GF Score™ of 78/100 and a GF Value™ of NT$46.67 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Munsin Garment's retained earnings for the quarter that ended in Jun. 2026 was NT$157 Mil.

Munsin Garment's quarterly retained earnings declined from Dec. 2025 (NT$282 Mil) to Mar. 2026 (NT$130 Mil) but then increased from Mar. 2026 (NT$130 Mil) to Jun. 2026 (NT$157 Mil).

Munsin Garment's annual retained earnings increased from Dec. 2023 (NT$277 Mil) to Dec. 2024 (NT$279 Mil) and increased from Dec. 2024 (NT$279 Mil) to Dec. 2025 (NT$282 Mil).


Munsin Garment  (ROCO:2916) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Munsin Garment Retained Earnings Historical Data

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The historical data trend for Munsin Garment's Retained Earnings 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.

Munsin Garment Retained Earnings Chart

Munsin Garment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.05 207.01 276.56 279.20 281.75

Munsin Garment Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Retained Earnings 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 163.88 182.85 281.75 130.31 157.07
ROCO:2916
78GF Score
Munsin Garment Corp ROCO:2916
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Munsin Garment Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of NT$157 Mil mean?
Munsin Garment (ROCO:2916) has a Retained Earnings of NT$157 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Munsin Garment and its competitors.
Is Munsin Garment's Retained Earnings too high?
Munsin Garment's current Retained Earnings is NT$157 Mil. Overall, Munsin Garment has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's Retained Earnings compare to RL and LEVI?
Munsin Garment's Retained Earnings of NT$157 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Manufacturing - Apparel & Accessories company?
A good Retained Earnings depends on the Manufacturing - Apparel & Accessories industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Munsin Garment and its competitors. Munsin Garment's current Retained Earnings is NT$157 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.67, compared to a current price of NT$40.25 — trading 13.8% below its estimated fair value. The current Retained Earnings is NT$157 Mil. Munsin Garment's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Munsin Garment (ROCO:2916), the current Retained Earnings is NT$157 Mil as of Jun. 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 Munsin Garment (ROCO:2916) Overvalued in 2026?

Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued. The current stock price of NT$40.25 is trading 13.8% below its estimated GF Value™ of NT$46.67. GuruFocus considers Munsin Garment to be Modestly Undervalued.

Key valuation signals for ROCO:2916:

  • Retained Earnings: NT$157 Mil
  • GF Value™: NT$46.67 vs. price of NT$40.25 (13.8% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munsin Garment Business Description

Address Wuquan 6th Road, No. 18, Wugu District, New Taipei City, TWN
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
78GF Score

Get the complete analysis for ROCO:2916

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

NT$40.25
Price
NT$46.67
GF Value