Asia Strategic Holdings (LSE:ASIA) Operating Income: $-1.20 Mil (TTM As of Mar. 2026)


LSE:ASIA Asia Strategic Holdings Ltd LSE:ASIA
12 GF Score
Price $4.75
GF Value $11.46
! 5 Warning Signs
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What is Asia Strategic Holdings Operating Income?

Asia Strategic Holdings LSE:ASIA 12 Operating Income is $-1.20 Mil as of Mar. 2026. GuruFocus rates LSE:ASIA with a GF Score™ of 12/100 and a GF Value™ of $11.46. The stock has 5 warning signs investors should review.

Asia Strategic Holdings's Operating Income for the six months ended in Mar. 2026 was $-1.46 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.20 Mil.

Warning Sign:

Asia Strategic 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. Asia Strategic Holdings's Operating Income for the six months ended in Mar. 2026 was $-1.46 Mil. Asia Strategic Holdings's Revenue for the six months ended in Mar. 2026 was $13.12 Mil. Therefore, Asia Strategic Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was -11.12%.

Asia Strategic 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. Asia Strategic Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -7.47%. Asia Strategic Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -17.24%.

Asia Strategic Holdings  (LSE:ASIA) Operating Income Explanation

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

Asia Strategic Holdings'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 )
=-2.918 * ( 1 - 0% )/( (45.27 + 32.889)/ 2 )
=-2.918/39.0795
=-7.47 %

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))
=28.672 - 4.129 - ( 1.548 - max(0, 25.163 - 4.436+1.548))
=45.27

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))
=20.477 - 2.116 - ( 1.189 - max(0, 18.185 - 3.657+1.189))
=32.889

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:

Asia Strategic Holdings'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 )
=-2.838/( ( (18.952 + max(-19.833, 0)) + (13.965 + max(-14.115, 0)) )/ 2 )
=-2.838/( ( 18.952 + 13.965 )/ 2 )
=-2.838/16.4585
=-17.24 %

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)
=(0.779 + 0.438 + 1.589) - (4.129 + 0 + 18.51)
=-19.833

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.616 + 0.509 + 1.188) - (2.116 + 0 + 14.312)
=-14.115

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. Operating Income is also linked to Operating Margin %:

Asia Strategic Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-1.459/13.115
=-11.12 %

* 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.

Asia Strategic Holdings Operating Income Related Terms

Asia Strategic Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Asia Strategic 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.

Asia Strategic Holdings Operating Income Chart

Asia Strategic Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.80 -5.17 -3.23 -3.37 -1.61

Asia Strategic Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.98 -1.38 -1.87 0.26 -1.46
LSE:ASIA
12GF Score
Asia Strategic Holdings Ltd LSE:ASIA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Strategic 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.20 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 $-1.20 Mil mean?
Asia Strategic Holdings (LSE:ASIA) has a Operating Income of $-1.20 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Asia Strategic Holdings and its competitors.
Is Asia Strategic Holdings' Operating Income too high?
Asia Strategic Holdings' current Operating Income is $-1.20 Mil. Overall, Asia Strategic Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Asia Strategic Holdings' Operating Income compare to EDU and LRN?
Asia Strategic Holdings' Operating Income of $-1.20 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 Asia Strategic Holdings and its competitors. Asia Strategic Holdings's current Operating Income is $-1.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Strategic Holdings stock overvalued right now?
Asia Strategic Holdings (LSE:ASIA) has a current Operating Income of $-1.20 Mil. The stock's GF Value™ is $11.46, compared to a current price of $4.75 — trading 58.6% below its estimated fair value. The current Operating Income is $-1.20 Mil. Asia Strategic Holdings' overall GF Score™ is 12/100 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 Asia Strategic Holdings (LSE:ASIA), the current Operating Income is $-1.20 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.

Is Asia Strategic Holdings (LSE:ASIA) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Strategic Holdings stock appears to be undervalued. The current stock price of $4.75 is trading 58.6% below its estimated GF Value™ of $11.46.

Key valuation signals for LSE:ASIA:

  • Operating Income: $-1.20 Mil
  • GF Value™: $11.46 vs. price of $4.75 (58.6% below fair value)
  • GF Score™: 12/100 with 5 warning signs

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

Asia Strategic Holdings Business Description

Address 80 Raffles Place, No. 32-01, UOB Plaza 1, Singapore, SGP, 048624
Asia Strategic Holdings Ltd is an investment-based company. The company's operating segments are Education; Services and Corporate. It generates maximum revenue from the Education segment. The education segment includes the operation of education businesses ranging from early years to tertiary education and includes vocational training, consultancy, advisory, and project management services in the education sector in Myanmar and Vietnam. The Group operates in three main geographical areas: Myanmar, which derives majority of its revenue, Singapore and Vietnam.
12GF Score

Get the complete analysis for LSE:ASIA

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

$4.75
Price
$11.46
GF Value