ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. AJ Advance Technology PCL's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -16.33%.
As of today (2026-07-01), AJ Advance Technology PCL's WACC % is 6.48%. AJ Advance Technology PCL's ROC % is -23.48% (calculated using TTM income statement data).
AJ Advance Technology PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
AJ Advance Technology PCL (BKK:AJA) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, AJ Advance Technology PCL's WACC % is 6.48%. AJ Advance Technology PCL's ROC % is -23.48% (calculated using TTM income statement data).
AJ Advance Technology PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
* 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 (BKK:AJA) has a ROC % of -16.33% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on AJ Advance Technology PCL and its competitors.
Is AJ Advance Technology PCL's ROC % too high?
AJ Advance Technology PCL's current ROC % is -16.33%. Overall, AJ Advance Technology PCL has a GF Score™ of 27/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AJ Advance Technology PCL's ROC % compare to SNX and ARW?
AJ Advance Technology PCL's ROC % of -16.33% can be compared against companies in the Hardware industry. The industry median ROC % is 4.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Hardware company?
The median ROC % among Hardware companies is 4.10, based on 2,448 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on AJ Advance Technology PCL and its competitors. For the Hardware industry, the median ROC % is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Advance Technology PCL's current ROC % is -16.33%. 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) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.10, compared to a current price of ฿0.12 — trading 20% above its estimated fair value. The current ROC % is -16.33%. AJ Advance Technology PCL's overall GF Score™ is 27/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For AJ Advance Technology PCL (BKK:AJA), the current ROC % is -16.33% 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 AJ Advance Technology PCL (BKK:AJA) Overvalued in 2026?
Based on GuruFocus' analysis, AJ Advance Technology PCL stock appears to be overvalued.
The current stock price of ฿0.12 is trading 20% above its estimated GF Value™ of ฿0.10.
GuruFocus considers AJ Advance Technology PCL to be Modestly Overvalued.
Key valuation signals for BKK:AJA:
ROC %: -16.33%
GF Value™: ฿0.10 vs. price of ฿0.12 (20% above fair value)
No single metric tells the full story. See the BKK:AJA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
27GF Score
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