Universal Cement (TPE:1104) Asset Turnover: 0.07 (As of Dec. 2025)


TPE:1104 Universal Cement Corp TPE:1104
83 GF Score
Price NT$26.80
GF Value NT$30.36
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Universal Cement Asset Turnover?

Universal Cement TPE:1104 -0.74% 83 Asset Turnover is 0.07 as of Dec. 2025. GuruFocus rates TPE:1104 with a GF Score™ of 83/100 and a GF Value™ of NT$30.36 (Modestly Undervalued). The stock has 2 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. Universal Cement's Revenue for the three months ended in Dec. 2025 was NT$2,137 Mil. Universal Cement's Total Assets for the quarter that ended in Dec. 2025 was NT$30,355 Mil. Therefore, Universal Cement's Asset Turnover for the quarter that ended in Dec. 2025 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Universal Cement's annualized ROE % for the quarter that ended in Dec. 2025 was 8.77%. It is also linked to ROA % through Du Pont Formula. Universal Cement's annualized ROA % for the quarter that ended in Dec. 2025 was 6.85%.


Universal Cement  (TPE:1104) Asset Turnover Explanation

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

Universal Cement's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=2078.56/23699.297
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2078.56 / 8548.796)*(8548.796 / 30355.268)*(30355.268/ 23699.297)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.31 %*0.2816*1.2809
=ROA %*Equity Multiplier
=6.85 %*1.2809
=8.77 %

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:

Universal Cement's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=2078.56/30355.268
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2078.56 / 8548.796)*(8548.796 / 30355.268)
=Net Margin %*Asset Turnover
=24.31 %*0.2816
=6.85 %

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.


Universal Cement Asset Turnover Related Terms


Universal Cement Asset Turnover Historical Data

* Premium members only.

The historical data trend for Universal Cement'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.

Universal Cement Asset Turnover Chart

Universal Cement 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 0.25 0.27 0.28 0.28 0.26

Universal Cement 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 0.07 0.07 0.07 0.06 0.07

TPE:1104 vs CRH, VMC, MLM: Asset Turnover Comparison

For the Building Materials subindustry, Universal Cement'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.


Universal Cement Asset Turnover vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Universal Cement's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Universal Cement's Asset Turnover falls into.


TPE:1104
83GF Score
Universal Cement Corp TPE:1104
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Universal Cement Asset Turnover Calculation

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

Universal Cement'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 )
=7920.216/( (29627.506+31083.798)/ 2 )
=7920.216/30355.652
=0.26

Universal Cement'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 )
=2137.199/( (29626.738+31083.798)/ 2 )
=2137.199/30355.268
=0.07

* 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 0.07 mean?
Universal Cement (TPE:1104) has a Asset Turnover of 0.07 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Universal Cement and its competitors.
Is Universal Cement's Asset Turnover too high?
Universal Cement's current Asset Turnover is 0.07. Overall, Universal Cement has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Cement's Asset Turnover compare to CRH and VMC?
Universal Cement's Asset Turnover of 0.07 can be compared against companies in the Building Materials 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 Building Materials company?
A good Asset Turnover depends on the Building Materials 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 Universal Cement and its competitors. Universal Cement's current Asset Turnover is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Cement stock overvalued right now?
Based on GuruFocus' analysis, Universal Cement (TPE:1104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.36, compared to a current price of NT$26.80 — trading 11.7% below its estimated fair value. The current Asset Turnover is 0.07. Universal Cement's overall GF Score™ is 83/100 with 2 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 Universal Cement (TPE:1104), the current Asset Turnover is 0.07 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 Universal Cement (TPE:1104) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Cement stock appears to be undervalued. The current stock price of NT$26.80 is trading 11.7% below its estimated GF Value™ of NT$30.36. GuruFocus considers Universal Cement to be Modestly Undervalued.

Key valuation signals for TPE:1104:

  • Asset Turnover: 0.07
  • GF Value™: NT$30.36 vs. price of NT$26.80 (11.7% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the TPE:1104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Cement Business Description

Address Nanking East Road, 10th Floor, No. 125, Section 2, Taipei, TWN, 104
Universal Cement Corporation is a Taiwan-based company predominantly engaged in manufacturing and selling cement and related construction materials. The company's reportable segments include Building materials and others. The majority of its revenue is generated from the building materials segment which is engaged in manufacturing and selling cement, concrete, and gypsum board. Geographically, key revenue for the company is derived from Taiwan.
83GF Score

Get the complete analysis for TPE:1104

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

NT$26.80
Price
NT$30.36
GF Value