AIRA Factoring PCL (BKK:AF) ROCE %: 4.13% (As of Mar. 2026)

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BKK:AF AIRA Factoring PCL BKK:AF
40 GF Score
Price ฿0.38
GF Value ฿0.58
Valuation Possible Value Trap
! 8 Warning Signs
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What is AIRA Factoring PCL ROCE %?

AIRA Factoring PCL BKK:AF 40 ROCE % is 4.13% as of Mar. 2026. GuruFocus rates BKK:AF with a GF Score™ of 40/100 and a GF Value™ of ฿0.58 (Possible Value Trap). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. AIRA Factoring PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.13%.

AIRA Factoring PCL  (BKK:AF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

AIRA Factoring PCL ROCE % Related Terms

AIRA Factoring PCL ROCE % Historical Data

* Premium members only.

The historical data trend for AIRA Factoring PCL's ROCE % 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.

AIRA Factoring PCL ROCE % Chart

AIRA Factoring PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.56 10.17 1.43 4.06 3.61

AIRA Factoring PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 2.73 4.53 -1.87 9.00 4.13
BKK:AF
40GF Score
AIRA Factoring PCL BKK:AF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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AIRA Factoring PCL ROCE % Calculation

AIRA Factoring PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=20.872/( ( (2405.998 - 1831.098) + (2761.18 - 2178.695) )/ 2 )
=20.872/( (574.9+582.485)/ 2 )
=20.872/578.6925
=3.61 %

AIRA Factoring PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=24.024/( ( (2761.18 - 2178.695) + (2564.938 - 1982.716) )/ 2 )
=24.024/( ( 582.485 + 582.222 )/ 2 )
=24.024/582.3535
=4.13 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 4.13% mean?
AIRA Factoring PCL (BKK:AF) has a ROCE % of 4.13% as of Mar. 2026.
Is AIRA Factoring PCL's ROCE % too high?
AIRA Factoring PCL's current ROCE % is 4.13%. The Credit Services industry median ROCE % is 3.55. AIRA Factoring PCL's value of 4.13% is 16.3% above this industry median. Overall, AIRA Factoring PCL has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AIRA Factoring PCL's ROCE % compare to V and MA?
AIRA Factoring PCL's ROCE % of 4.13% can be compared against companies in the Credit Services industry. The industry median ROCE % is 3.55. AIRA Factoring PCL's value of 4.13% is 16.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Credit Services company?
The median ROCE % among Credit Services companies is 3.55, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIRA Factoring PCL's current ROCE % of 4.13% is 16.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Credit Services industry, the median ROCE % is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Factoring PCL's current ROCE % is 4.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Factoring PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Factoring PCL (BKK:AF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.38 — trading 34.5% below its estimated fair value. The current ROCE % is 4.13% and 16.3% above the Credit Services industry median of 3.55. AIRA Factoring PCL's overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For AIRA Factoring PCL (BKK:AF), the current ROCE % is 4.13% 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 AIRA Factoring PCL (BKK:AF) Overvalued in 2026?

Based on GuruFocus' analysis, AIRA Factoring PCL stock appears to be undervalued. The current stock price of ฿0.38 is trading 34.5% below its estimated GF Value™ of ฿0.58. GuruFocus considers AIRA Factoring PCL to be Possible Value Trap.

Key valuation signals for BKK:AF:

  • ROCE %: 4.13%
  • GF Value™: ฿0.58 vs. price of ฿0.38 (34.5% below fair value)
  • GF Score™: 40/100 with 8 warning signs
  • Industry Position: 16.3% above the Credit Services median

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

AIRA Factoring PCL Business Description

Address No. 188, Phayathai Road, Unit 6-10, 12Ath Floor, Spring Tower Building, Thung Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400
AIRA Factoring PCL is a Thailand-based company principally engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. Its various service offerings include promissory note loans, e-factoring, supplier financing, long-term loans, and others. The company's main reportable operating segment of the Company is the provision of lending services to SME customers, comprising the factoring business and loan financing. Geographically, the company operates only in Thailand.
40GF Score

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

฿0.38
Price
฿0.58
GF Value