Next Capital PCL (BKK:NCAP) Selling, General, & Admin. Expense: ฿256 Mil (TTM As of Jun. 2026)

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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:NCAP Next Capital PCL BKK:NCAP
74 GF Score
Price ฿3.50
GF Value ฿2.93
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Next Capital PCL Selling, General, & Admin. Expense?

Next Capital PCL BKK:NCAP 74 Selling, General, & Admin. Expense is ฿256 Mil as of Jun. 2026. GuruFocus rates BKK:NCAP with a GF Score™ of 74/100 and a GF Value™ of ฿2.93 (Modestly Overvalued). The stock has 7 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. Next Capital PCL's selling, general, & admin. expense for the three months ended in Jun. 2026 was ฿189 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was ฿256 Mil.


Next Capital PCL  (BKK:NCAP) 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.


Next Capital PCL Selling, General, & Admin. Expense Related Terms


Next Capital PCL Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Next Capital 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.

Next Capital PCL Selling, General, & Admin. Expense Chart

Next Capital PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial 217.96 283.00 256.01 234.69 230.64

Next Capital 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 175.88 180.89 -304.13 191.12 188.57

BKK:NCAP vs V, MA, AXP: Selling, General, & Admin. Expense Comparison

For the Credit Services subindustry, Next Capital 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.


Next Capital PCL Selling, General, & Admin. Expense vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Next Capital PCL's Selling, General, & Admin. Expense distribution charts can be found below:

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


BKK:NCAP
74GF Score
Next Capital PCL BKK:NCAP
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Next Capital 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 ฿256 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 ฿256 Mil mean?
Next Capital PCL (BKK:NCAP) has a Selling, General, & Admin. Expense of ฿256 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 Next Capital PCL and its competitors.
Is Next Capital PCL's Selling, General, & Admin. Expense too high?
Next Capital PCL's current Selling, General, & Admin. Expense is ฿256 Mil. Overall, Next Capital PCL has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next Capital PCL's Selling, General, & Admin. Expense compare to V and MA?
Next Capital PCL's Selling, General, & Admin. Expense of ฿256 Mil can be compared against companies in the Credit Services 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 Credit Services company?
A good Selling, General, & Admin. Expense depends on the Credit Services 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 Next Capital PCL and its competitors. Next Capital PCL's current Selling, General, & Admin. Expense is ฿256 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Next Capital PCL (BKK:NCAP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.93, compared to a current price of ฿3.50 — trading 19.5% above its estimated fair value. The current Selling, General, & Admin. Expense is ฿256 Mil. Next Capital PCL's overall GF Score™ is 74/100 with 7 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 Next Capital PCL (BKK:NCAP), the current Selling, General, & Admin. Expense is ฿256 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 Next Capital PCL (BKK:NCAP) Overvalued in 2026?

Based on GuruFocus' analysis, Next Capital PCL stock appears to be overvalued. The current stock price of ฿3.50 is trading 19.5% above its estimated GF Value™ of ฿2.93. GuruFocus considers Next Capital PCL to be Modestly Overvalued.

Key valuation signals for BKK:NCAP:

  • Selling, General, & Admin. Expense: ฿256 Mil
  • GF Value™: ฿2.93 vs. price of ฿3.50 (19.5% above fair value)
  • GF Score™: 74/100 with 7 warning signs

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


Next Capital PCL Business Description

Address Surawong Road, No. 163 Thai Samut Building, 15th Floor, Suriyawong, Bangrak, Bangkok, THA, 10500
Next Capital PCL is principally engaged in the financial services specifically motorcycle hire-purchase and loans secured against vehicle registrations. It operates in two segments: Motorcycle hire-purchase and Loans secured against vehicle registrations.
74GF Score

Get the complete analysis for BKK:NCAP

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

฿3.50
Price
฿2.93
GF Value