In Win Development (TPE:6117) Asset Turnover: 0.15 (As of Dec. 2025)


TPE:6117 In Win Development Inc TPE:6117
70 GF Score
Price NT$72.40
GF Value NT$95.70
Valuation Modestly Undervalued
! 5 Warning Signs
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What is In Win Development Asset Turnover?

In Win Development TPE:6117 70 Asset Turnover is 0.15 as of Dec. 2025. GuruFocus rates TPE:6117 with a GF Score™ of 70/100 and a GF Value™ of NT$95.70 (Modestly Undervalued). The stock has 5 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. In Win Development's Revenue for the three months ended in Dec. 2025 was NT$831 Mil. In Win Development's Total Assets for the quarter that ended in Dec. 2025 was NT$5,572 Mil. Therefore, In Win Development's Asset Turnover for the quarter that ended in Dec. 2025 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. In Win Development's annualized ROE % for the quarter that ended in Dec. 2025 was 27.01%. It is also linked to ROA % through Du Pont Formula. In Win Development's annualized ROA % for the quarter that ended in Dec. 2025 was 10.30%.

In Win Development  (TPE:6117) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=573.9/2125.125
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(573.9 / 3325.304)*(3325.304 / 5571.602)*(5571.602/ 2125.125)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.26 %*0.5968*2.6218
=ROA %*Equity Multiplier
=10.30 %*2.6218
=27.01 %

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:

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

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=573.9/5571.602
=(Net Income / Revenue)*(Revenue / Total Assets)
=(573.9 / 3325.304)*(3325.304 / 5571.602)
=Net Margin %*Asset Turnover
=17.26 %*0.5968
=10.30 %

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.

In Win Development Asset Turnover Related Terms

In Win Development Asset Turnover Historical Data

* Premium members only.

The historical data trend for In Win Development'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.

In Win Development Asset Turnover Chart

In Win Development 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 0.67 0.65 0.66 0.74 0.64

In Win Development 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 0.18 0.16 0.19 0.18 0.15

TPE:6117 vs SNDK, DELL, STX: Asset Turnover Comparison

For the Computer Hardware subindustry, In Win Development'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.

In Win Development Asset Turnover vs Hardware Industry

For the Hardware industry and Technology sector, In Win Development's Asset Turnover distribution charts can be found below:

* The bar in red indicates where In Win Development's Asset Turnover falls into.


TPE:6117
70GF Score
In Win Development Inc TPE:6117
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

In Win Development Asset Turnover Calculation

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

In Win Development'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 )
=3222.227/( (4115.746+5885.739)/ 2 )
=3222.227/5000.7425
=0.64

In Win Development'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 )
=831.326/( (5257.465+5885.739)/ 2 )
=831.326/5571.602
=0.15

* 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 0.15 mean?
In Win Development (TPE:6117) has a Asset Turnover of 0.15 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on In Win Development and its competitors.
Is In Win Development's Asset Turnover too high?
In Win Development's current Asset Turnover is 0.15. Overall, In Win Development has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does In Win Development's Asset Turnover compare to SNDK and DELL?
In Win Development's Asset Turnover of 0.15 can be compared against companies in the Hardware 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 Hardware company?
A good Asset Turnover depends on the Hardware 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 In Win Development and its competitors. In Win Development's current Asset Turnover is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is In Win Development stock overvalued right now?
Based on GuruFocus' analysis, In Win Development (TPE:6117) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$95.70, compared to a current price of NT$72.40 — trading 24.3% below its estimated fair value. The current Asset Turnover is 0.15. In Win Development's overall GF Score™ is 70/100 with 5 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 In Win Development (TPE:6117), the current Asset Turnover is 0.15 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 In Win Development (TPE:6117) Overvalued in 2026?

Based on GuruFocus' analysis, In Win Development stock appears to be undervalued. The current stock price of NT$72.40 is trading 24.3% below its estimated GF Value™ of NT$95.70. GuruFocus considers In Win Development to be Modestly Undervalued.

Key valuation signals for TPE:6117:

  • Asset Turnover: 0.15
  • GF Value™: NT$95.70 vs. price of NT$72.40 (24.3% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the TPE:6117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

In Win Development Business Description

Address No. 57, Lane 350, Nan Shang Road, Guishan District, Taoyuan, TWN
In Win Development Inc is engaged in the processing, manufacturing, and trading of computer and peripheral equipment, plastic products, etc., and the manufacturing, baking, and trading of mechanical hardware parts. Its products include Gaming Chassis, Computer Chassis, Gaming Power Supply, PC Power Supply, IPC/Server, iBuildiShare, and Cooling. Geographically, it operates in Europe, the USA, Japan, Taiwan, and Other countries, with the majority of the revenue deriving from Taiwan.
70GF Score

Get the complete analysis for TPE:6117

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

NT$72.40
Price
NT$95.70
GF Value