Asphere Innovations PCL (BKK:AS) ROCE %: 10.14% (As of Mar. 2026)


BKK:AS Asphere Innovations PCL BKK:AS
67 GF Score
Price ฿2.28
GF Value ฿3.77
Valuation Possible Value Trap
! 5 Warning Signs
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What is Asphere Innovations PCL ROCE %?

Asphere Innovations PCL BKK:AS 67 ROCE % is 10.14% as of Mar. 2026. GuruFocus rates BKK:AS with a GF Score™ of 67/100 and a GF Value™ of ฿3.77 (Possible Value Trap). The stock has 5 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. Asphere Innovations PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.14%.

Asphere Innovations PCL  (BKK:AS) 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.

Asphere Innovations PCL ROCE % Related Terms

Asphere Innovations PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Asphere Innovations 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.

Asphere Innovations PCL ROCE % Chart

Asphere Innovations 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 84.69 32.74 24.21 19.24 12.61

Asphere Innovations 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 13.40 9.30 18.84 9.46 10.14
BKK:AS
67GF Score
Asphere Innovations PCL BKK:AS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Asphere Innovations PCL ROCE % Calculation

Asphere Innovations 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 )
=178.197/( ( (1710.925 - 310.903) + (1782.992 - 356.658) )/ 2 )
=178.197/( (1400.022+1426.334)/ 2 )
=178.197/1413.178
=12.61 %

Asphere Innovations 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 )
=146.012/( ( (1782.992 - 356.658) + (1742.733 - 289.529) )/ 2 )
=146.012/( ( 1426.334 + 1453.204 )/ 2 )
=146.012/1439.769
=10.14 %

(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 10.14% mean?
Asphere Innovations PCL (BKK:AS) has a ROCE % of 10.14% as of Mar. 2026.
Is Asphere Innovations PCL's ROCE % too high?
Asphere Innovations PCL's current ROCE % is 10.14%. The Interactive Media industry median ROCE % is 3.15. Asphere Innovations PCL's value of 10.14% is 221.9% above this industry median. Overall, Asphere Innovations PCL has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asphere Innovations PCL's ROCE % compare to NTES and EA?
Asphere Innovations PCL's ROCE % of 10.14% can be compared against companies in the Interactive Media industry. The industry median ROCE % is 3.15. Asphere Innovations PCL's value of 10.14% is 221.9% 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 an Interactive Media company?
The median ROCE % among Interactive Media companies is 3.15, based on 545 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. Asphere Innovations PCL's current ROCE % of 10.14% is 221.9% 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 Interactive Media industry, the median ROCE % is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asphere Innovations PCL's current ROCE % is 10.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asphere Innovations PCL stock overvalued right now?
Based on GuruFocus' analysis, Asphere Innovations PCL (BKK:AS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.77, compared to a current price of ฿2.28 — trading 39.5% below its estimated fair value. The current ROCE % is 10.14% and 221.9% above the Interactive Media industry median of 3.15. Asphere Innovations PCL's overall GF Score™ is 67/100 with 5 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 Asphere Innovations PCL (BKK:AS), the current ROCE % is 10.14% 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 Asphere Innovations PCL (BKK:AS) Overvalued in 2026?

Based on GuruFocus' analysis, Asphere Innovations PCL stock appears to be undervalued. The current stock price of ฿2.28 is trading 39.5% below its estimated GF Value™ of ฿3.77. GuruFocus considers Asphere Innovations PCL to be Possible Value Trap.

Key valuation signals for BKK:AS:

  • ROCE %: 10.14%
  • GF Value™: ฿3.77 vs. price of ฿2.28 (39.5% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 221.9% above the Interactive Media median

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

Asphere Innovations PCL Business Description

Other Exchanges 5ASA:Germany
Address Rama 9 Road, 51 Major Tower Rama 9 - Ramkhamhaeng 18th Floor, Room No. 3-8, Hua Mak, Bangkapi, Bangkok, THA, 10240
Asphere Innovations PCL is engaged in providing online game services. The Company operates in two segments: the publishing online game segment, which contributes the majority of the revenue and provides online game publishing services through the internet based on agreements between the publisher and game developers; and the distribution segment, which provides payment channel services. Other income mainly comprises revenue from the provision of marketing services. The Company offers a collection of games across PC and mobile platforms, covering genres such as MMORPG, Casual, SRPG, FPS, and MOBA. It operates in Thailand, Singapore, Vietnam, and other countries, with Singapore contributing the majority of the revenue.
67GF Score

Get the complete analysis for BKK:AS

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

฿2.28
Price
฿3.77
GF Value