Asia Air Survey Co (TSE:9233) ROCE %: 46.91% (As of Mar. 2026)

What is Asia Air Survey Co ROCE %?

Asia Air Survey Co TSE:9233 +2.16% 78 ROCE % is 46.91% as of Mar. 2026. GuruFocus rates TSE:9233 with a GF Score™ of 78/100 and a GF Value™ of 円1,160.42 (Fairly Valued). The stock has 3 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. Asia Air Survey Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 46.91%.

Asia Air Survey Co (TSE:9233) 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.

Asia Air Survey Co ROCE % Related Terms

Asia Air Survey Co ROCE % Historical Data

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The historical data trend for Asia Air Survey Co'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.

Asia Air Survey Co ROCE % Chart

Asia Air Survey Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROCE %

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11.70

11.52

11.45

11.71

11.11

Asia Air Survey Co 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															60.09	-22.65	11.35	0.21	46.91

78GF Score

Asia Air Survey Co Ltd TSE:9233

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Asia Air Survey Co ROCE % Calculation

Asia Air Survey Co's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2025 )		(A: Sep. 2024 )		(A: Sep. 2025 )
	=	3003.635	/	( ( (36413.653 - 9989.283)	+	(39626.702 - 11965.534) )	/ 2 )
	=	3003.635	/	( (26424.37	+	27661.168)	/ 2 )
	=	3003.635	/	27042.769
	=	11.11 %

Asia Air Survey Co'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 )
	=	13302.856	/	( ( (44564.838 - 17441.12)	+	(53049.947 - 23451.414) )	/ 2 )
	=	13302.856	/	( ( 27123.718	+	29598.533 )	/ 2 )
	=	13302.856	/	28361.1255
	=	46.91 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 46.91% mean?

Asia Air Survey Co (TSE:9233) has a ROCE % of 46.91% as of Mar. 2026.

Is Asia Air Survey Co's ROCE % too high?

Asia Air Survey Co's current ROCE % is 46.91%. The Construction industry median ROCE % is 8.22. Asia Air Survey Co's value of 46.91% is 470.7% above this industry median. Overall, Asia Air Survey Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Asia Air Survey Co's ROCE % compare to PWR and FIX?

Asia Air Survey Co's ROCE % of 46.91% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Asia Air Survey Co's value of 46.91% is 470.7% 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 Construction company?

The median ROCE % among Construction companies is 8.22, based on 1,749 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. Asia Air Survey Co's current ROCE % of 46.91% is 470.7% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Air Survey Co's current ROCE % is 46.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Asia Air Survey Co stock overvalued right now?

Based on GuruFocus' analysis, Asia Air Survey Co (TSE:9233) is currently considered Fairly Valued. The stock's GF Value™ is 円1,160.42, compared to a current price of 円1,134.00 — trading 2.3% below its estimated fair value. The current ROCE % is 46.91% and 470.7% above the Construction industry median of 8.22. Asia Air Survey Co's overall GF Score™ is 78/100 with 3 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 Asia Air Survey Co (TSE:9233), the current ROCE % is 46.91% 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 Asia Air Survey Co (TSE:9233) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Air Survey Co stock appears to be undervalued. The current stock price of 円1,134.00 is trading 2.3% below its estimated GF Value™ of 円1,160.42. GuruFocus considers Asia Air Survey Co to be Fairly Valued.

Key valuation signals for TSE:9233:

ROCE %: 46.91%
GF Value™: 円1,160.42 vs. price of 円1,134.00 (2.3% below fair value)
GF Score™: 78/100 with 3 warning signs
Industry Position: 470.7% above the Construction median

No single metric tells the full story. See the TSE:9233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Asia Air Survey Co Business Description

Industry Industrials Construction

Comparable Companies TSE:9788 TSE:1960 TSE:9163 TSE:261A TSE:1429 TSE:9768 TSE:9765 TSE:1436 TSE:1770 TSE:1828 PWR XPAR:DG FIX NSE:LT XKRX:028260 XAMS:FER XTER:HOT XMAD:ACS EME MTZ

Other Exchanges AASLF:USA

Address 6-14-1 Nishi Shinjuku, Shinjuku-ku, Green Tower Building, 15th Floor, Tokyo, JPN, 160-0023

Website http://www.ajiko.co.jp

Asia Air Survey Co Ltd is a construction consulting company specializing in aerial surveying. The company includes a group of technical specialists with high-precision, specialized technology in businesses and fields such as surveying, disaster prevention, the environment and spatial information.

78GF Score

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

円1,134.00

Price

円1,160.42

GF Value

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