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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. Munsin Garment's Revenue for the
three
months ended in Dec. 2025 was NT$614 Mil. Munsin Garment's Total Assets for the quarter that ended in Dec. 2025 was NT$2,133 Mil. Therefore, Munsin Garment's Asset Turnover for the quarter that ended in Dec. 2025 was 0.29.
Asset Turnover is linked to ROE % through Du Pont Formula. Munsin Garment's annualizedROE % for the quarter that ended in Dec. 2025 was 24.97%. It is also linked to ROA % through Du Pont Formula. Munsin Garment's annualizedROA % for the quarter that ended in Dec. 2025 was 18.49%.
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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:
Munsin Garment's annulizedROA % for the quarter that ended in Dec. 2025 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
Munsin Garment Asset Turnover Related Terms
Munsin Garment Asset Turnover Historical Data
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The historical data trend for Munsin Garment'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.
ROCO:2916 vs RL, LEVI, VFC: Asset Turnover Comparison
For the Apparel Manufacturing subindustry, Munsin Garment'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.
Munsin Garment Asset Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Munsin Garment'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.
Munsin Garment (ROCO:2916) has a Asset Turnover of 0.29 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Munsin Garment and its competitors.
Is Munsin Garment's Asset Turnover too high?
Munsin Garment's current Asset Turnover is 0.29. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's Asset Turnover compare to RL and LEVI?
Munsin Garment's Asset Turnover of 0.29 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 Asset Turnover for a Manufacturing - Apparel & Accessories company?
A good Asset Turnover depends on the Manufacturing - Apparel & Accessories 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 Munsin Garment and its competitors. Munsin Garment's current Asset Turnover is 0.29. 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$46.88, compared to a current price of NT$40.10 — trading 14.5% below its estimated fair value. The current Asset Turnover is 0.29. Munsin Garment's overall GF Score™ is 80/100 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 Munsin Garment (ROCO:2916), the current Asset Turnover is 0.29 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 Munsin Garment (ROCO:2916) Overvalued in 2026?
Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued.
The current stock price of NT$40.10 is trading 14.5% below its estimated GF Value™ of NT$46.88.
GuruFocus considers Munsin Garment to be Modestly Undervalued.
Key valuation signals for ROCO:2916:
Asset Turnover: 0.29
GF Value™: NT$46.88 vs. price of NT$40.10 (14.5% below fair value)
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 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.
80GF Score
Get the complete analysis for ROCO:2916
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