It looks like that asm to dae conversion is pretty much the export of Solid Edge files to Collada 3D. If you need to convert Solid Edge assemblies (.asm) to Collada 3D Digital Assets (.dae), you need to use some 3D modeling / CAD graphics tool or dedicated converter.
Open ASM file Open DAE fileA 3D product data optimalization software
An online CAD conversion service
A commercial online CAD converter
A 3D CAD translation software