DLC Asia (HKSE:08210) EBIT: HK$-10.92 Mil (TTM As of Mar. 2026)

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What is DLC Asia EBIT?

DLC Asia HKSE:08210 EBIT is HK$-10.92 Mil as of Mar. 2026. The stock has 3 warning signs investors should review.

DLC Asia's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was HK$-1.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-10.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DLC Asia's annualized ROC % for the quarter that ended in Mar. 2026 was -33.41%. DLC Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -28.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DLC Asia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 105.13%.

DLC Asia  (HKSE:08210) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

DLC Asia's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-8.64 * ( 1 - 0% )/( (24.732 + 26.984)/ 2 )
=-8.64/25.858
=-33.41 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=82.964 - 3.175 - ( 55.057 - max(0, 4.537 - 81.455+55.057))
=24.732

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=81.653 - 0.634 - ( 54.035 - max(0, 5.718 - 80.13+54.035))
=26.984

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

DLC Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.562/( ( (0 + max(3.64, 0)) + (0.014 + max(21.591, 0)) )/ 2 )
=-3.562/( ( 3.64 + 21.605 )/ 2 )
=-3.562/12.6225
=-28.22 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.545 + 0 + 0.27) - (3.175 + 0 + 0)
=3.64

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.284 + 0 + 20.633) - (0.634 + 0 + 3.692)
=21.591

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

DLC Asia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-10.922/-10.389
=105.13 %

* 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.

DLC Asia EBIT Related Terms

DLC Asia EBIT Historical Data

* Premium members only.

The historical data trend for DLC Asia's EBIT 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.

DLC Asia EBIT Chart

DLC Asia Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.85 3.81 2.21 0.34 -10.92

DLC Asia Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EBIT 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 -0.14 1.10 -0.76 -9.14 -1.78

HKSE:08210 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, DLC Asia's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

DLC Asia EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DLC Asia's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where DLC Asia's EV-to-EBIT falls into.


DLC Asia EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-10.92 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of HK$-10.92 Mil mean?
DLC Asia (HKSE:08210) has a EBIT of HK$-10.92 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on DLC Asia.
Is DLC Asia's EBIT too high?
DLC Asia's current EBIT is HK$-10.92 Mil.
How does DLC Asia's EBIT compare to MS and GS?
DLC Asia's EBIT of HK$-10.92 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on DLC Asia. DLC Asia's current EBIT is HK$-10.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLC Asia stock overvalued right now?
Based on GuruFocus' analysis, DLC Asia (HKSE:08210) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.05 — trading 70% above its estimated fair value. The current EBIT is HK$-10.92 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For DLC Asia (HKSE:08210), the current EBIT is HK$-10.92 Mil 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.

DLC Asia Business Description

Address 8 Fleming Road, Units 2601-3, Tai Tung Building, Wanchai, Hong Kong, HKG
DLC Asia Ltd is an investment holding company. Along with its holdings, the company is known as the interdealer broker in Hong Kong that provides derivatives brokerage services to Professional Investors by dealing in securities and futures contracts. Its revenues are derived from commission income received from customers for providing brokerage services on derivative contracts by various execution channels including HKEx, SGX, and OTC. Its revenue is earned from the HKEx market.