Bangkok Aviation Fuel Services PCL (BKK:BAFS) Asset Turnover: 0.04 (As of Mar. 2026)


BKK:BAFS Bangkok Aviation Fuel Services PCL BKK:BAFS
70 GF Score
Price ฿9.50
GF Value ฿15.58
Valuation Possible Value Trap
! 9 Warning Signs
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What is Bangkok Aviation Fuel Services PCL Asset Turnover?

Bangkok Aviation Fuel Services PCL BKK:BAFS +0.53% 70 Asset Turnover is 0.04 as of Mar. 2026. GuruFocus rates BKK:BAFS with a GF Score™ of 70/100 and a GF Value™ of ฿15.58 (Possible Value Trap). The stock has 9 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bangkok Aviation Fuel Services PCL's Revenue for the three months ended in Mar. 2026 was ฿952 Mil. Bangkok Aviation Fuel Services PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿21,891 Mil. Therefore, Bangkok Aviation Fuel Services PCL's Asset Turnover for the quarter that ended in Mar. 2026 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Bangkok Aviation Fuel Services PCL's annualized ROE % for the quarter that ended in Mar. 2026 was 11.27%. It is also linked to ROA % through Du Pont Formula. Bangkok Aviation Fuel Services PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 2.77%.


Bangkok Aviation Fuel Services PCL  (BKK:BAFS) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Bangkok Aviation Fuel Services PCL's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=607.356/5387.4805
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(607.356 / 3806.372)*(3806.372 / 21890.9615)*(21890.9615/ 5387.4805)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.96 %*0.1739*4.0633
=ROA %*Equity Multiplier
=2.77 %*4.0633
=11.27 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Bangkok Aviation Fuel Services PCL's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=607.356/21890.9615
=(Net Income / Revenue)*(Revenue / Total Assets)
=(607.356 / 3806.372)*(3806.372 / 21890.9615)
=Net Margin %*Asset Turnover
=15.96 %*0.1739
=2.77 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Bangkok Aviation Fuel Services PCL Asset Turnover Related Terms


Bangkok Aviation Fuel Services PCL Asset Turnover Historical Data

* Premium members only.

The historical data trend for Bangkok Aviation Fuel Services PCL's Asset Turnover 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 Asset Turnover Chart

Bangkok Aviation Fuel Services PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.09 0.13 0.16 0.17

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
Asset Turnover 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 0.04 0.04 0.04 0.04 0.04

BKK:BAFS vs JOBY, CAAP: Asset Turnover Comparison

For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services PCL's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Bangkok Aviation Fuel Services PCL Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bangkok Aviation Fuel Services PCL's Asset Turnover falls into.


BKK:BAFS
70GF Score
Bangkok Aviation Fuel Services PCL BKK:BAFS
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Aviation Fuel Services PCL Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Bangkok Aviation Fuel Services PCL's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=3620.342/( (21800.548+21845.085)/ 2 )
=3620.342/21822.8165
=0.17

Bangkok Aviation Fuel Services PCL's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=951.593/( (21845.085+21936.838)/ 2 )
=951.593/21890.9615
=0.04

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.04 mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS) has a Asset Turnover of 0.04 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bangkok Aviation Fuel Services PCL and its competitors.
Is Bangkok Aviation Fuel Services PCL's Asset Turnover too high?
Bangkok Aviation Fuel Services PCL's current Asset Turnover is 0.04. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's Asset Turnover compare to JOBY and CAAP?
Bangkok Aviation Fuel Services PCL's Asset Turnover of 0.04 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 Asset Turnover for a Transportation company?
A good Asset Turnover depends on the Transportation industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bangkok Aviation Fuel Services PCL and its competitors. Bangkok Aviation Fuel Services PCL's current Asset Turnover is 0.04. 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 ฿15.58, compared to a current price of ฿9.50 — trading 39% below its estimated fair value. The current Asset Turnover is 0.04. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Bangkok Aviation Fuel Services PCL (BKK:BAFS), the current Asset Turnover is 0.04 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 ฿15.58. GuruFocus considers Bangkok Aviation Fuel Services PCL to be Possible Value Trap.

Key valuation signals for BKK:BAFS:

  • Asset Turnover: 0.04
  • GF Value™: ฿15.58 vs. price of ฿9.50 (39% below fair value)
  • GF Score™: 70/100 with 9 warning signs

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.
70GF Score

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

฿9.50
Price
฿15.58
GF Value