AJ Advance Technology PCL (BKK:AJA-R) Operating Income: ฿-148.7 Mil (TTM As of Jun. 2026)

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BKK:AJA-R AJ Advance Technology PCL BKK:AJA-R
31 GF Score
Price ฿0.11
GF Value ฿0.13
Valuation Modestly Undervalued
! 4 Warning Signs
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What is AJ Advance Technology PCL Operating Income?

AJ Advance Technology PCL BKK:AJA-R 31 Operating Income is ฿-148.7 Mil as of Jun. 2026. GuruFocus rates BKK:AJA-R with a GF Score™ of 31/100 and a GF Value™ of ฿0.13 (Modestly Undervalued). The stock has 4 warning signs investors should review.

AJ Advance Technology PCL's Operating Income for the three months ended in Jun. 2026 was ฿-27.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ฿-148.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AJ Advance Technology PCL's Operating Income for the three months ended in Jun. 2026 was ฿-27.2 Mil. AJ Advance Technology PCL's Revenue for the three months ended in Jun. 2026 was ฿34.2 Mil. Therefore, AJ Advance Technology PCL's Operating Margin % for the quarter that ended in Jun. 2026 was -79.63%.

Warning Sign:

AJ Advance Technology PCL operating margin has been in a 5-year decline. The average rate of decline per year is -11.6%.

AJ Advance Technology PCL's 5-Year average Growth Rate for Operating Margin % was -11.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AJ Advance Technology PCL's annualized ROC % for the quarter that ended in Jun. 2026 was -19.09%. AJ Advance Technology PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -23.16%.


AJ Advance Technology PCL  (BKK:AJA-R) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

AJ Advance Technology PCL's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-108.824 * ( 1 - 0.81% )/( (564.346 + 566.525)/ 2 )
=-107.9425256/565.4355
=-19.09 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

AJ Advance Technology PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-114.024/( ( (436.913 + max(52.309, 0)) + (455.248 + max(40.309, 0)) )/ 2 )
=-114.024/( ( 489.222 + 495.557 )/ 2 )
=-114.024/492.3895
=-23.16 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.286 + 47.943 + 14.078) - (24.228 + 0 + 2.77)
=52.309

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.701 + 32.454 + 12.687) - (25.201 + 0 + 2.332)
=40.309

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

AJ Advance Technology PCL's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-27.206/34.166
=-79.63 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


AJ Advance Technology PCL Operating Income Related Terms


AJ Advance Technology PCL Operating Income Historical Data

* Premium members only.

The historical data trend for AJ Advance Technology PCL's Operating Income 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.

AJ Advance Technology PCL Operating Income Chart

AJ Advance Technology PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -160.05 -167.53 -64.08 -164.98 -161.90

AJ Advance Technology PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 -26.64 -31.57 -66.59 -23.32 -27.21
BKK:AJA-R
31GF Score
AJ Advance Technology PCL BKK:AJA-R
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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AJ Advance Technology PCL Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-148.7 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ฿-148.7 Mil mean?
AJ Advance Technology PCL (BKK:AJA-R) has a Operating Income of ฿-148.7 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AJ Advance Technology PCL and its competitors.
Is AJ Advance Technology PCL's Operating Income too high?
AJ Advance Technology PCL's current Operating Income is ฿-148.7 Mil. Overall, AJ Advance Technology PCL has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AJ Advance Technology PCL's Operating Income compare to SNX and ARW?
AJ Advance Technology PCL's Operating Income of ฿-148.7 Mil 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 Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AJ Advance Technology PCL and its competitors. AJ Advance Technology PCL's current Operating Income is ฿-148.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Advance Technology PCL stock overvalued right now?
Based on GuruFocus' analysis, AJ Advance Technology PCL (BKK:AJA-R) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.13, compared to a current price of ฿0.11 — trading 15.4% below its estimated fair value. The current Operating Income is ฿-148.7 Mil. AJ Advance Technology PCL's overall GF Score™ is 31/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For AJ Advance Technology PCL (BKK:AJA-R), the current Operating Income is ฿-148.7 Mil as of Jun. 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 AJ Advance Technology PCL (BKK:AJA-R) Overvalued in 2026?

Based on GuruFocus' analysis, AJ Advance Technology PCL stock appears to be undervalued. The current stock price of ฿0.11 is trading 15.4% below its estimated GF Value™ of ฿0.13. GuruFocus considers AJ Advance Technology PCL to be Modestly Undervalued.

Key valuation signals for BKK:AJA-R:

  • Operating Income: ฿-148.7 Mil
  • GF Value™: ฿0.13 vs. price of ฿0.11 (15.4% below fair value)
  • GF Score™: 31/100 with 4 warning signs

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


AJ Advance Technology PCL Business Description

Other Exchanges AJA:Thailand
Address No. 427/2 Rama 2 Road, Kwaeng Samaedum, Khet Bangkhunthien, Bangkok, THA, 10150
AJ Advance Technology PCL is engaged in wholesaling and retailing of electric vehicle, provides service to member relating access of website of such company for purchase and sales of goods, logistic business and export business, distribution of sport shoes and invest in digital assets, mining, trading digital assets including investment or providing other services about cryptocurrency and digital token transactions. Its segments include Retailing and wholesaling of electric appliances, including parts; Retailing of shoe; Sale of electric motorcycle; Mining digital assets; Sale chemical organic fertilizer; and Others. It derives majority of the revenue from Retailing of shoe segment. The group is managed and operates principally in Thailand.
31GF Score

Get the complete analysis for BKK:AJA-R

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

฿0.11
Price
฿0.13
GF Value