Bangkok Aviation Fuel Services PCL (BKK:BAFS) ROCE %: 6.84% (As of Mar. 2026)


BKK:BAFS Bangkok Aviation Fuel Services PCL BKK:BAFS
69 GF Score
Price ฿9.50
GF Value ฿15.57
Valuation Possible Value Trap
! 9 Warning Signs
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What is Bangkok Aviation Fuel Services PCL ROCE %?

Bangkok Aviation Fuel Services PCL BKK:BAFS +0.53% 69 ROCE % is 6.84% as of Mar. 2026. GuruFocus rates BKK:BAFS with a GF Score™ of 69/100 and a GF Value™ of ฿15.57 (Possible Value Trap). The stock has 9 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. Bangkok Aviation Fuel Services PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.84%.

Bangkok Aviation Fuel Services PCL  (BKK:BAFS) 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.

Bangkok Aviation Fuel Services PCL ROCE % Related Terms

Bangkok Aviation Fuel Services PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Bangkok Aviation Fuel Services 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.

Bangkok Aviation Fuel Services PCL ROCE % Chart

Bangkok Aviation Fuel Services 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 -3.00 0.62 2.38 4.02 4.65

Bangkok Aviation Fuel Services 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 6.84 4.54 4.17 2.75 6.84
BKK:BAFS
69GF Score
Bangkok Aviation Fuel Services PCL BKK:BAFS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Aviation Fuel Services PCL ROCE % Calculation

Bangkok Aviation Fuel Services 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 )
=906.264/( ( (21800.548 - 2498.344) + (21845.085 - 2152.03) )/ 2 )
=906.264/( (19302.204+19693.055)/ 2 )
=906.264/19497.6295
=4.65 %

Bangkok Aviation Fuel Services 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 )
=1342.764/( ( (21845.085 - 2152.03) + (21936.838 - 2342.669) )/ 2 )
=1342.764/( ( 19693.055 + 19594.169 )/ 2 )
=1342.764/19643.612
=6.84 %

(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 6.84% mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS) has a ROCE % of 6.84% as of Mar. 2026.
Is Bangkok Aviation Fuel Services PCL's ROCE % too high?
Bangkok Aviation Fuel Services PCL's current ROCE % is 6.84%. The Transportation industry median ROCE % is 7.73. Bangkok Aviation Fuel Services PCL's value of 6.84% is 11.5% below this industry median. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's ROCE % compare to JOBY and CAAP?
Bangkok Aviation Fuel Services PCL's ROCE % of 6.84% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. Bangkok Aviation Fuel Services PCL's value of 6.84% is 11.5% below 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 Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 997 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. Bangkok Aviation Fuel Services PCL's current ROCE % of 6.84% is 11.5% below 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 Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Aviation Fuel Services PCL's current ROCE % is 6.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Aviation Fuel Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL (BKK:BAFS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿15.57, compared to a current price of ฿9.50 — trading 39% below its estimated fair value. The current ROCE % is 6.84% and 11.5% below the Transportation industry median of 7.73. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 69/100 with 9 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS), the current ROCE % is 6.84% 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued. The current stock price of ฿9.50 is trading 39% below its estimated GF Value™ of ฿15.57. GuruFocus considers Bangkok Aviation Fuel Services PCL to be Possible Value Trap.

Key valuation signals for BKK:BAFS:

  • ROCE %: 6.84%
  • GF Value™: ฿15.57 vs. price of ฿9.50 (39% below fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 11.5% below the Transportation median

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

Bangkok Aviation Fuel Services PCL Business Description

Address 171/2 Kamphang Phet 6 Road, Don Mueang, Khet Don Mueang, Bangkok, THA, 10210
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
69GF Score

Get the complete analysis for BKK:BAFS

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

฿9.50
Price
฿15.57
GF Value