Dashan Education Holdings (HKSE:09986) Operating Income: HK$-66.3 Mil (TTM As of Jun. 2025)

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HKSE:09986 Dashan Education Holdings Ltd HKSE:09986
55 GF Score
Price HK$1.88
GF Value HK$4.83
! 5 Warning Signs
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What is Dashan Education Holdings Operating Income?

Dashan Education Holdings HKSE:09986 55 Operating Income is HK$-66.3 Mil as of Jun. 2025. GuruFocus rates HKSE:09986 with a GF Score™ of 55/100 and a GF Value™ of HK$4.83. The stock has 5 warning signs investors should review.

Dashan Education Holdings's Operating Income for the six months ended in Jun. 2025 was HK$-48.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was HK$-66.3 Mil.

Warning Sign:

Dashan Education Holdings Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dashan Education Holdings's Operating Income for the six months ended in Jun. 2025 was HK$-48.4 Mil. Dashan Education Holdings's Revenue for the six months ended in Jun. 2025 was HK$45.3 Mil. Therefore, Dashan Education Holdings's Operating Margin % for the quarter that ended in Jun. 2025 was -106.86%.

Dashan Education Holdings's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dashan Education Holdings's annualized ROC % for the quarter that ended in Jun. 2025 was -40.80%. Dashan Education Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -221.57%.


Dashan Education Holdings  (HKSE:09986) Operating Income Explanation

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

Dashan Education Holdings's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=-96.836 * ( 1 - 0.59% )/( (241.068 + 230.827)/ 2 )
=-96.2646676/235.9475
=-40.80 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data.

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

Dashan Education Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-100.1/( ( (47.991 + max(-103.107, 0)) + (42.366 + max(-101.975, 0)) )/ 2 )
=-100.1/( ( 47.991 + 42.366 )/ 2 )
=-100.1/45.1785
=-221.57 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.35 + 0 + 2.031) - (10.588 + 0 + 95.9)
=-103.107

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.127 + 6.178 + 2.11) - (20.84 + 0 + 91.55)
=-101.975

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Dashan Education Holdings's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2025 )/Revenue (Q: Jun. 2025 )
=-48.418/45.309
=-106.86 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Dashan Education Holdings Operating Income Related Terms


Dashan Education Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Dashan Education Holdings's Operating Income 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.

Dashan Education Holdings Operating Income Chart

Dashan Education Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial 3.83 18.05 -33.11 -41.97 -31.24

Dashan Education Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Operating Income 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 -18.05 -23.92 -13.43 -17.92 -48.42
HKSE:09986
55GF Score
Dashan Education Holdings Ltd HKSE:09986
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dashan Education Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-66.3 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 Operating Income →
What does a Operating Income of HK$-66.3 Mil mean?
Dashan Education Holdings (HKSE:09986) has a Operating Income of HK$-66.3 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dashan Education Holdings and its competitors.
Is Dashan Education Holdings' Operating Income too high?
Dashan Education Holdings' current Operating Income is HK$-66.3 Mil. Overall, Dashan Education Holdings has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Dashan Education Holdings' Operating Income compare to EDU and TAL?
Dashan Education Holdings' Operating Income of HK$-66.3 Mil can be compared against companies in the Education industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Education company?
A good Operating Income depends on the Education industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dashan Education Holdings and its competitors. Dashan Education Holdings's current Operating Income is HK$-66.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dashan Education Holdings stock overvalued right now?
Dashan Education Holdings (HKSE:09986) has a current Operating Income of HK$-66.3 Mil. The stock's GF Value™ is HK$4.83, compared to a current price of HK$1.88 — trading 61.1% below its estimated fair value. The current Operating Income is HK$-66.3 Mil. Dashan Education Holdings' overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Dashan Education Holdings (HKSE:09986), the current Operating Income is HK$-66.3 Mil as of Jun. 2025. 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 Dashan Education Holdings (HKSE:09986) Overvalued in 2026?

Based on GuruFocus' analysis, Dashan Education Holdings stock appears to be undervalued. The current stock price of HK$1.88 is trading 61.1% below its estimated GF Value™ of HK$4.83.

Key valuation signals for HKSE:09986:

  • Operating Income: HK$-66.3 Mil
  • GF Value™: HK$4.83 vs. price of HK$1.88 (61.1% below fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the HKSE:09986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dashan Education Holdings Business Description

Address Crossroad of Zhongzhou Avenue and Minghong Road, 19th Floor Guoxin Plaza, Jinshui District, Henan Province, Zhengzhou, CHN
Dashan Education Holdings Ltd is principally engaged in (i) the provision of extracurricular programmes for personal attainment and overseas education consultation services; and (ii) the provision of diversified consultancy services for entities. The Group's operating and reportable segments are the extracurricular programs segment, the brand operation and management segment, the overseas education segment, the training and consultancy segment, and the Others segment. The majority of its revenue is generated from the overseas education segment. All of the Group's revenue are derived from the PRC.
55GF Score

Get the complete analysis for HKSE:09986

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

HK$1.88
Price
HK$4.83
GF Value