Synergetic Auto Performance PCL (BKK:ASAP) Operating Income: ฿377 Mil (TTM As of Mar. 2026)


BKK:ASAP Synergetic Auto Performance PCL BKK:ASAP
72 GF Score
Price ฿2.00
GF Value ฿2.97
Valuation Possible Value Trap
! 5 Warning Signs
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What is Synergetic Auto Performance PCL Operating Income?

Synergetic Auto Performance PCL BKK:ASAP 72 Operating Income is ฿377 Mil as of Mar. 2026. GuruFocus rates BKK:ASAP with a GF Score™ of 72/100 and a GF Value™ of ฿2.97 (Possible Value Trap). The stock has 5 warning signs investors should review.

Synergetic Auto Performance PCL's Operating Income for the three months ended in Mar. 2026 was ฿82 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿377 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Synergetic Auto Performance PCL's Operating Income for the three months ended in Mar. 2026 was ฿82 Mil. Synergetic Auto Performance PCL's Revenue for the three months ended in Mar. 2026 was ฿2,295 Mil. Therefore, Synergetic Auto Performance PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 3.57%.

Synergetic Auto Performance PCL's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Synergetic Auto Performance PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 2.29%. Synergetic Auto Performance PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.44%.


Synergetic Auto Performance PCL  (BKK:ASAP) Operating Income Explanation

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

Synergetic Auto Performance PCL's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=327.48 * ( 1 - 45.05% )/( (7834.643 + 7867.671)/ 2 )
=179.95026/7851.157
=2.29 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7455.448 - 311.663 - ( 254.478 - max(0, 3026.216 - 2335.358+254.478))
=7834.643

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7597.434 - 421.511 - ( 201.816 - max(0, 2833.511 - 2141.763+201.816))
=7867.671

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

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

Synergetic Auto Performance PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=325.356/( ( (4640.982 + max(1344.853, 0)) + (5018.168 + max(950.872, 0)) )/ 2 )
=325.356/( ( 5985.835 + 5969.04 )/ 2 )
=325.356/5977.4375
=5.44 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(157.222 + 1431.579 + 107.611) - (311.663 + 3.595 + 36.301)
=1344.853

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(246.07 + 992.758 + 188.372) - (421.511 + 2.475 + 52.342)
=950.872

When net working capital is negative, 0 is used.

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

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

Synergetic Auto Performance PCL's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=81.87/2294.506
=3.57 %

* 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.


Synergetic Auto Performance PCL Operating Income Related Terms


Synergetic Auto Performance PCL Operating Income Historical Data

* Premium members only.

The historical data trend for Synergetic Auto Performance 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.

Synergetic Auto Performance PCL Operating Income Chart

Synergetic Auto Performance 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 98.72 321.03 -45.07 368.43 395.10

Synergetic Auto Performance PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 100.06 84.55 158.04 52.45 81.87
BKK:ASAP
72GF Score
Synergetic Auto Performance PCL BKK:ASAP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Synergetic Auto Performance 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿377 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 ฿377 Mil mean?
Synergetic Auto Performance PCL (BKK:ASAP) has a Operating Income of ฿377 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Synergetic Auto Performance PCL and its competitors.
Is Synergetic Auto Performance PCL's Operating Income too high?
Synergetic Auto Performance PCL's current Operating Income is ฿377 Mil. Overall, Synergetic Auto Performance PCL has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Synergetic Auto Performance PCL's Operating Income compare to URI and SUNB?
Synergetic Auto Performance PCL's Operating Income of ฿377 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 Synergetic Auto Performance PCL and its competitors. Synergetic Auto Performance PCL's current Operating Income is ฿377 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synergetic Auto Performance PCL stock overvalued right now?
Based on GuruFocus' analysis, Synergetic Auto Performance PCL (BKK:ASAP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.97, compared to a current price of ฿2.00 — trading 32.7% below its estimated fair value. The current Operating Income is ฿377 Mil. Synergetic Auto Performance PCL's overall GF Score™ is 72/100 with 5 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 Synergetic Auto Performance PCL (BKK:ASAP), the current Operating Income is ฿377 Mil 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 Synergetic Auto Performance PCL (BKK:ASAP) Overvalued in 2026?

Based on GuruFocus' analysis, Synergetic Auto Performance PCL stock appears to be undervalued. The current stock price of ฿2.00 is trading 32.7% below its estimated GF Value™ of ฿2.97. GuruFocus considers Synergetic Auto Performance PCL to be Possible Value Trap.

Key valuation signals for BKK:ASAP:

  • Operating Income: ฿377 Mil
  • GF Value™: ฿2.97 vs. price of ฿2.00 (32.7% below fair value)
  • GF Score™: 72/100 with 5 warning signs

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


Synergetic Auto Performance PCL Business Description

Address 149 Moo 3, Theparak Road, Theparak, Muang Samutprakarn, Samut Prakarn, THA, 10270
Synergetic Auto Performance PCL is a Thailand-based company engaged in the car rental business. The principal activity of the company is to provide cars for rent and the sale of used cars, including related car maintenance services and the renting of property. It operates in four principal segments: Car rental; Selling of used cars; and Renting property and other services, Non-life insurance broker. Its operations are mainly carried in Thailand. The company generates a vast majority of its revenues from the Car rental business. The Group operates only in Thailand.
72GF Score

Get the complete analysis for BKK:ASAP

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

฿2.00
Price
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GF Value