Golden Win International (ROCO:4950) Asset Turnover: 0.22 (As of Dec. 2025)

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ROCO:4950 Golden Win International Corp ROCO:4950
56 GF Score
Price NT$16.00
GF Value NT$89.64
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Golden Win International Asset Turnover?

Golden Win International ROCO:4950 -3.03% 56 Asset Turnover is 0.22 as of Dec. 2025. GuruFocus rates ROCO:4950 with a GF Score™ of 56/100 and a GF Value™ of NT$89.64 (Significantly Undervalued). The stock has 3 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. Golden Win International's Revenue for the three months ended in Dec. 2025 was NT$248 Mil. Golden Win International's Total Assets for the quarter that ended in Dec. 2025 was NT$1,120 Mil. Therefore, Golden Win International's Asset Turnover for the quarter that ended in Dec. 2025 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. Golden Win International's annualized ROE % for the quarter that ended in Dec. 2025 was 3.28%. It is also linked to ROA % through Du Pont Formula. Golden Win International's annualized ROA % for the quarter that ended in Dec. 2025 was 1.53%.


Golden Win International  (ROCO:4950) Asset Turnover Explanation

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

Golden Win International's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=17.092/520.9875
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17.092 / 991.88)*(991.88 / 1120.2335)*(1120.2335/ 520.9875)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.72 %*0.8854*2.1502
=ROA %*Equity Multiplier
=1.53 %*2.1502
=3.28 %

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:

Golden Win International's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=17.092/1120.2335
=(Net Income / Revenue)*(Revenue / Total Assets)
=(17.092 / 991.88)*(991.88 / 1120.2335)
=Net Margin %*Asset Turnover
=1.72 %*0.8854
=1.53 %

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.


Golden Win International Asset Turnover Related Terms


Golden Win International Asset Turnover Historical Data

* Premium members only.

The historical data trend for Golden Win International'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.

Golden Win International Asset Turnover Chart

Golden Win International 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 1.05 0.27 0.25 0.43 0.80

Golden Win International Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.24 0.18 0.23 0.21 0.22

ROCO:4950 vs SN, SGI, MHK: Asset Turnover Comparison

For the Furnishings, Fixtures & Appliances subindustry, Golden Win International'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.


Golden Win International Asset Turnover vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Golden Win International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Golden Win International's Asset Turnover falls into.


ROCO:4950
56GF Score
Golden Win International Corp ROCO:4950
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Win International Asset Turnover Calculation

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

Golden Win International'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 )
=1016.605/( (1438.45+1105.865)/ 2 )
=1016.605/1272.1575
=0.80

Golden Win International's Asset Turnover for the quarter that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=247.97/( (1134.602+1105.865)/ 2 )
=247.97/1120.2335
=0.22

* 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 0.22 mean?
Golden Win International (ROCO:4950) has a Asset Turnover of 0.22 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Golden Win International and its competitors.
Is Golden Win International's Asset Turnover too high?
Golden Win International's current Asset Turnover is 0.22. Overall, Golden Win International has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Win International's Asset Turnover compare to SN and SGI?
Golden Win International's Asset Turnover of 0.22 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Asset Turnover depends on the Furnishings, Fixtures & Appliances 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 Golden Win International and its competitors. Golden Win International's current Asset Turnover is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Win International stock overvalued right now?
Based on GuruFocus' analysis, Golden Win International (ROCO:4950) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$89.64, compared to a current price of NT$16.00 — trading 82.2% below its estimated fair value. The current Asset Turnover is 0.22. Golden Win International's overall GF Score™ is 56/100 with 3 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 Golden Win International (ROCO:4950), the current Asset Turnover is 0.22 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 Golden Win International (ROCO:4950) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Win International stock appears to be undervalued. The current stock price of NT$16.00 is trading 82.2% below its estimated GF Value™ of NT$89.64. GuruFocus considers Golden Win International to be Significantly Undervalued.

Key valuation signals for ROCO:4950:

  • Asset Turnover: 0.22
  • GF Value™: NT$89.64 vs. price of NT$16.00 (82.2% below fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the ROCO:4950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Win International Business Description

Address Gong 2nd Road, No. 10, Liuying District, Tainan, TWN, 106
Golden Win International Corp Formerly Mutto Optronics Corp is engaged in the sales of steel cutlery and touch display panels with relevant parts and components, producing and supplying a wide array of metals such as stainless steel, bearing steel, high-speed steel, and non-ferrous alloys for industrial use.
56GF Score

Get the complete analysis for ROCO:4950

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

NT$16.00
Price
NT$89.64
GF Value