International Research PCL (BKK:IRCP) ROCE %: 7.73% (As of Mar. 2026)


BKK:IRCP International Research Corp PCL BKK:IRCP
27 GF Score
Price ฿0.25
GF Value ฿0.33
Valuation Modestly Undervalued
! 5 Warning Signs
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What is International Research PCL ROCE %?

International Research PCL BKK:IRCP -3.85% 27 ROCE % is 7.73% as of Mar. 2026. GuruFocus rates BKK:IRCP with a GF Score™ of 27/100 and a GF Value™ of ฿0.33 (Modestly Undervalued). 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. International Research PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.73%.

International Research PCL  (BKK:IRCP) 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.

International Research PCL ROCE % Related Terms

International Research PCL ROCE % Historical Data

* Premium members only.

The historical data trend for International Research 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.

International Research PCL ROCE % Chart

International Research 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 15.72 19.37 9.20 5.91 -32.81

International Research 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 -1.64 -3.80 -123.12 -2.29 7.73
BKK:IRCP
27GF Score
International Research Corp PCL BKK:IRCP
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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International Research PCL ROCE % Calculation

International Research 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 )
=-182.454/( ( (1111.914 - 476.188) + (1024.72 - 548.419) )/ 2 )
=-182.454/( (635.726+476.301)/ 2 )
=-182.454/556.0135
=-32.81 %

International Research 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 )
=36.964/( ( (1024.72 - 548.419) + (1021.533 - 541.656) )/ 2 )
=36.964/( ( 476.301 + 479.877 )/ 2 )
=36.964/478.089
=7.73 %

(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 7.73% mean?
International Research PCL (BKK:IRCP) has a ROCE % of 7.73% as of Mar. 2026.
Is International Research PCL's ROCE % too high?
International Research PCL's current ROCE % is 7.73%. The Software industry median ROCE % is 5.27. International Research PCL's value of 7.73% is 46.7% above this industry median. Overall, International Research PCL has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Research PCL's ROCE % compare to IBM and ACN?
International Research PCL's ROCE % of 7.73% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. International Research PCL's value of 7.73% is 46.7% 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 Software company?
The median ROCE % among Software companies is 5.27, based on 2,713 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. International Research PCL's current ROCE % of 7.73% is 46.7% 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 Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Research PCL's current ROCE % is 7.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Research PCL stock overvalued right now?
Based on GuruFocus' analysis, International Research PCL (BKK:IRCP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.33, compared to a current price of ฿0.25 — trading 24.2% below its estimated fair value. The current ROCE % is 7.73% and 46.7% above the Software industry median of 5.27. International Research PCL's overall GF Score™ is 27/100 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 International Research PCL (BKK:IRCP), the current ROCE % is 7.73% 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 International Research PCL (BKK:IRCP) Overvalued in 2026?

Based on GuruFocus' analysis, International Research PCL stock appears to be undervalued. The current stock price of ฿0.25 is trading 24.2% below its estimated GF Value™ of ฿0.33. GuruFocus considers International Research PCL to be Modestly Undervalued.

Key valuation signals for BKK:IRCP:

  • ROCE %: 7.73%
  • GF Value™: ฿0.33 vs. price of ฿0.25 (24.2% below fair value)
  • GF Score™: 27/100 with 5 warning signs
  • Industry Position: 46.7% above the Software median

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

International Research PCL Business Description

Address Rama IV Road, 1152 Punn Tower 16th Floor, Rooms 1605-1608, Khlong toei, Bangkok, THA, 10110
International Research Corp PCL is engaged in distribution and system development services for information technology, network information systems, and telecommunication information systems. It operates in two reportable segments: project business and Non-project business. The company and its subsidiaries operate in Thailand only.
27GF Score

Get the complete analysis for BKK:IRCP

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

฿0.25
Price
฿0.33
GF Value