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Vietnam Engine & Agricultural Machinery (HSTC:VEA) Operating Income : ₫51,513 Mil (TTM As of Mar. 2025)


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What is Vietnam Engine & Agricultural Machinery Operating Income?

Vietnam Engine & Agricultural Machinery's Operating Income for the three months ended in Mar. 2025 was ₫20,322 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ₫51,513 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vietnam Engine & Agricultural Machinery's Operating Income for the three months ended in Mar. 2025 was ₫20,322 Mil. Vietnam Engine & Agricultural Machinery's Revenue for the three months ended in Mar. 2025 was ₫1,046,317 Mil. Therefore, Vietnam Engine & Agricultural Machinery's Operating Margin % for the quarter that ended in Mar. 2025 was 1.94%.

Vietnam Engine & Agricultural Machinery'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. Vietnam Engine & Agricultural Machinery's annualized ROC % for the quarter that ended in Mar. 2025 was 0.63%. Vietnam Engine & Agricultural Machinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 183.83%.


Vietnam Engine & Agricultural Machinery Operating Income Historical Data

The historical data trend for Vietnam Engine & Agricultural Machinery'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.

* Premium members only.

Vietnam Engine & Agricultural Machinery Operating Income Chart

Vietnam Engine & Agricultural Machinery Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial -305,177.58 40,074.69 -35,811.75 -284,337.58 38,427.83

Vietnam Engine & Agricultural Machinery Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 11,561.02 41,508.03 13,224.14 -23,541.26 20,322.35

Vietnam Engine & Agricultural Machinery 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫51,513 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.


Vietnam Engine & Agricultural Machinery  (HSTC:VEA) Operating Income Explanation

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

Vietnam Engine & Agricultural Machinery's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=81289.404 * ( 1 - 3.54% )/( (13153152.337 + 11595693.979)/ 2 )
=78411.7590984/12374423.158
=0.63 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=27543175.157 - 879899.549 - ( 13510123.271 - max(0, 1244150.877 - 18721872.716+13510123.271))
=13153152.337

Invested Capital(Q: Mar. 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))
=28618332.5 - 627146.466 - ( 16395492.055 - max(0, 1076598.361 - 18728460.226+16395492.055))
=11595693.979

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

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

Vietnam Engine & Agricultural Machinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5299027.736/( ( (1430838.154 + max(1394907.277, 0)) + (1394819.947 + max(1544567.066, 0)) )/ 2 )
=5299027.736/( ( 2825745.431 + 2939387.013 )/ 2 )
=5299027.736/2882566.222
=183.83 %

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)
=(924710.727 + 1250893.782 + 336297.976) - (879899.549 + 0 + 237095.659)
=1394907.277

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(901311.485 + 1229095.875 + 345373.013) - (627146.466 + 0 + 304066.841)
=1544567.066

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

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

Vietnam Engine & Agricultural Machinery's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=20322.351/1046316.652
=1.94 %

* 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.


Vietnam Engine & Agricultural Machinery Operating Income Related Terms

Thank you for viewing the detailed overview of Vietnam Engine & Agricultural Machinery's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Vietnam Engine & Agricultural Machinery Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Zone D Group D1, Phu Thuong Ward, Tay Ho District, HaNoi, VNM
Vietnam Engine & Agricultural Machinery Corp is engaged in manufacturing and trading machinery and spare parts for agricultural, forestry and fishery production and transportation. Its products include VEAM cars, tractors, engine, agricultural machinery, and accessories.

Vietnam Engine & Agricultural Machinery Headlines

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