Tian Zheng Intl Precision Machinery (ROCO:6654) Asset Turnover: 0.05 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:6654 Tian Zheng Intl Precision Machinery ROCO:6654
52 GF Score
Price NT$153.00
GF Value NT$46.89
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Tian Zheng Intl Precision Machinery Asset Turnover?

Tian Zheng Intl Precision Machinery ROCO:6654 -7.83% 52 Asset Turnover is 0.05 as of Mar. 2026. GuruFocus rates ROCO:6654 with a GF Score™ of 52/100 and a GF Value™ of NT$46.89 (Significantly Overvalued). The stock has 4 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. Tian Zheng Intl Precision Machinery's Revenue for the three months ended in Mar. 2026 was NT$121.9 Mil. Tian Zheng Intl Precision Machinery's Total Assets for the quarter that ended in Mar. 2026 was NT$2,264.5 Mil. Therefore, Tian Zheng Intl Precision Machinery's Asset Turnover for the quarter that ended in Mar. 2026 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Tian Zheng Intl Precision Machinery's annualized ROE % for the quarter that ended in Mar. 2026 was -2.89%. It is also linked to ROA % through Du Pont Formula. Tian Zheng Intl Precision Machinery's annualized ROA % for the quarter that ended in Mar. 2026 was -1.46%.


Tian Zheng Intl Precision Machinery  (ROCO:6654) Asset Turnover Explanation

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

Tian Zheng Intl Precision Machinery's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-33.052/1145.409
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-33.052 / 487.572)*(487.572 / 2264.502)*(2264.502/ 1145.409)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.78 %*0.2153*1.977
=ROA %*Equity Multiplier
=-1.46 %*1.977
=-2.89 %

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:

Tian Zheng Intl Precision Machinery's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=-33.052/2264.502
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-33.052 / 487.572)*(487.572 / 2264.502)
=Net Margin %*Asset Turnover
=-6.78 %*0.2153
=-1.46 %

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.


Tian Zheng Intl Precision Machinery Asset Turnover Related Terms


Tian Zheng Intl Precision Machinery Asset Turnover Historical Data

* Premium members only.

The historical data trend for Tian Zheng Intl Precision Machinery'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.

Tian Zheng Intl Precision Machinery Asset Turnover Chart

Tian Zheng Intl Precision Machinery 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 0.63 0.24 0.18 0.13 0.16

Tian Zheng Intl Precision Machinery 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 0.04 0.04 0.04 0.05 0.05

ROCO:6654 vs GEV, ETN, PH: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, Tian Zheng Intl Precision Machinery'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.


Tian Zheng Intl Precision Machinery Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tian Zheng Intl Precision Machinery's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tian Zheng Intl Precision Machinery's Asset Turnover falls into.


ROCO:6654
52GF Score
Tian Zheng Intl Precision Machinery ROCO:6654
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Tian Zheng Intl Precision Machinery Asset Turnover Calculation

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

Tian Zheng Intl Precision Machinery'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 )
=362.609/( (2280.569+2244.541)/ 2 )
=362.609/2262.555
=0.16

Tian Zheng Intl Precision Machinery'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 )
=121.893/( (2244.541+2284.463)/ 2 )
=121.893/2264.502
=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?
Tian Zheng Intl Precision Machinery (ROCO:6654) 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 Tian Zheng Intl Precision Machinery and its competitors.
Is Tian Zheng Intl Precision Machinery's Asset Turnover too high?
Tian Zheng Intl Precision Machinery's current Asset Turnover is 0.05. Overall, Tian Zheng Intl Precision Machinery has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tian Zheng Intl Precision Machinery's Asset Turnover compare to GEV and ETN?
Tian Zheng Intl Precision Machinery's Asset Turnover of 0.05 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Asset Turnover depends on the Industrial Products 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 Tian Zheng Intl Precision Machinery and its competitors. Tian Zheng Intl Precision Machinery'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 Tian Zheng Intl Precision Machinery stock overvalued right now?
Based on GuruFocus' analysis, Tian Zheng Intl Precision Machinery (ROCO:6654) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$46.89, compared to a current price of NT$153.00 — trading 226.3% above its estimated fair value. The current Asset Turnover is 0.05. Tian Zheng Intl Precision Machinery's overall GF Score™ is 52/100 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 Tian Zheng Intl Precision Machinery (ROCO:6654), 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 Tian Zheng Intl Precision Machinery (ROCO:6654) Overvalued in 2026?

Based on GuruFocus' analysis, Tian Zheng Intl Precision Machinery stock appears to be overvalued. The current stock price of NT$153.00 is trading 226.3% above its estimated GF Value™ of NT$46.89. GuruFocus considers Tian Zheng Intl Precision Machinery to be Significantly Overvalued.

Key valuation signals for ROCO:6654:

  • Asset Turnover: 0.05
  • GF Value™: NT$46.89 vs. price of NT$153.00 (226.3% above fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the ROCO:6654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tian Zheng Intl Precision Machinery Business Description

Address Number 295-2, Fengren Road, Renwu District, Kaohsiung, TWN
Tian Zheng Intl Precision Machinery is engaged in self Automation and mechanical engineering design, processing and manufacturing, assembly and consumer optoelectronic product design, manufacturing and sales. Its products include resistance test packaging machine, LED sorting machine, drilling machine, punch machine, winding inductance measuring charter, capacitance test packaging machine.
52GF Score

Get the complete analysis for ROCO:6654

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

NT$153.00
Price
NT$46.89
GF Value