AJ Advance Technology Public Company Limited

AJA.BK

Technology Distributors · Technology

Exchange

Stock Exchange of Thailand

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Winston Score History

The full picture

AJ Advance Technology Public Company Limited is a Thai technology company that distributes and sells technology products and services in Thailand. Its business spans IT hardware, software, and digital solutions aimed at both businesses and individual consumers. The company operates within Thailand's broader technology distribution and services sector.

The company earns revenue through product sales, service contracts, and technology solutions. It operates primarily in Thailand, giving it a focused but relatively small geographic footprint with a market capitalization of around $0.7 billion. The financial metrics tell a cautious story — a gross margin near 36% suggests reasonable product pricing, but a deeply negative operating margin points to significant cost pressures eating into profits. The key risk the company faces is bringing its operating costs under control while competing against larger regional and global technology distributors that have greater scale and supplier relationships.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-11.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-13.6% YoY

YoY Growth Rate

Earnings declining

Insider Activity

41.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~7 months

29M THB cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

AJ Advance Technology Public Company Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

10.5%

Thin — 10.5% gross margin

Profit after running costs

Operating Margin

-60.1%

Losing money on operations — -60.1%

Return on the money invested

ROCE

-30.7%

Weak — -30.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-23.5%

Shrinking sales (-23.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-25.2%

Burning cash (-25.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.03

Conservative — low debt load (0.03)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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