Asia Aviation PCL (BKK:AAV) Selling, General, & Admin. Expense: ฿3,377 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:AAV Asia Aviation PCL BKK:AAV
65 GF Score
Price ฿1.03
GF Value ฿1.99
Valuation Possible Value Trap
! 4 Warning Signs
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What is Asia Aviation PCL Selling, General, & Admin. Expense?

Asia Aviation PCL BKK:AAV -0.96% 65 Selling, General, & Admin. Expense is ฿3,377 Mil as of Jun. 2026. GuruFocus rates BKK:AAV with a GF Score™ of 65/100 and a GF Value™ of ฿1.99 (Possible Value Trap). The stock has 4 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Asia Aviation PCL's selling, general, & admin. expense for the three months ended in Jun. 2026 was ฿706 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was ฿3,377 Mil.


Asia Aviation PCL  (BKK:AAV) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Asia Aviation PCL Selling, General, & Admin. Expense Related Terms


Asia Aviation PCL Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Asia Aviation PCL's Selling, General, & Admin. Expense 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 Aviation PCL Selling, General, & Admin. Expense Chart

Asia Aviation PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,235.57 1,711.03 3,035.36 3,187.16 3,648.15

Asia Aviation PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense 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 853.32 982.49 892.42 795.80 706.44

BKK:AAV vs DAL, UAL, LUV: Selling, General, & Admin. Expense Comparison

For the Airlines subindustry, Asia Aviation PCL's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Asia Aviation PCL Selling, General, & Admin. Expense vs Transportation Industry

For the Transportation industry and Industrials sector, Asia Aviation PCL's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Asia Aviation PCL's Selling, General, & Admin. Expense falls into.


BKK:AAV
65GF Score
Asia Aviation PCL BKK:AAV
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Aviation PCL Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿3,377 Mil.

* 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.

What does a Selling, General, & Admin. Expense of ฿3,377 Mil mean?
Asia Aviation PCL (BKK:AAV) has a Selling, General, & Admin. Expense of ฿3,377 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Asia Aviation PCL and its competitors.
Is Asia Aviation PCL's Selling, General, & Admin. Expense too high?
Asia Aviation PCL's current Selling, General, & Admin. Expense is ฿3,377 Mil. Overall, Asia Aviation PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's Selling, General, & Admin. Expense compare to DAL and UAL?
Asia Aviation PCL's Selling, General, & Admin. Expense of ฿3,377 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Transportation company?
A good Selling, General, & Admin. Expense depends on the Transportation industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Asia Aviation PCL and its competitors. Asia Aviation PCL's current Selling, General, & Admin. Expense is ฿3,377 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (BKK:AAV) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.99, compared to a current price of ฿1.03 — trading 48.2% below its estimated fair value. The current Selling, General, & Admin. Expense is ฿3,377 Mil. Asia Aviation PCL's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Asia Aviation PCL (BKK:AAV), the current Selling, General, & Admin. Expense is ฿3,377 Mil as of Jun. 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 Aviation PCL (BKK:AAV) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued. The current stock price of ฿1.03 is trading 48.2% below its estimated GF Value™ of ฿1.99. GuruFocus considers Asia Aviation PCL to be Possible Value Trap.

Key valuation signals for BKK:AAV:

  • Selling, General, & Admin. Expense: ฿3,377 Mil
  • GF Value™: ฿1.99 vs. price of ฿1.03 (48.2% below fair value)
  • GF Score™: 65/100 with 4 warning signs

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


Asia Aviation PCL Business Description

Other Exchanges 55AA:Germany
Address Vibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
65GF Score

Get the complete analysis for BKK:AAV

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.03
Price
฿1.99
GF Value