Saigon Vi Na Real Estate JSC (HSTC:LSG) Operating Income: ₫-7,042 Mil (TTM As of Mar. 2026)


HSTC:LSG Saigon Vi Na Real Estate JSC HSTC:LSG
31 GF Score
Price ₫34,700.00
! 3 Warning Signs
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What is Saigon Vi Na Real Estate JSC Operating Income?

Saigon Vi Na Real Estate JSC HSTC:LSG -0.57% 31 Operating Income is ₫-7,042 Mil as of Mar. 2026. GuruFocus rates HSTC:LSG with a GF Score™ of 31/100. The stock has 3 warning signs investors should review.

Saigon Vi Na Real Estate JSC's Operating Income for the three months ended in Mar. 2026 was ₫-231 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₫-7,042 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Saigon Vi Na Real Estate JSC's Operating Income for the three months ended in Mar. 2026 was ₫-231 Mil. Saigon Vi Na Real Estate JSC's Revenue for the three months ended in Mar. 2026 was ₫2,085 Mil. Therefore, Saigon Vi Na Real Estate JSC's Operating Margin % for the quarter that ended in Mar. 2026 was -11.08%.

Saigon Vi Na Real Estate JSC'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. Saigon Vi Na Real Estate JSC's annualized ROC % for the quarter that ended in Mar. 2026 was -0.04%. Saigon Vi Na Real Estate JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.03%.

Saigon Vi Na Real Estate JSC  (HSTC:LSG) Operating Income Explanation

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

Saigon Vi Na Real Estate JSC'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-923.696 * ( 1 - 0% )/( (2382035.623 + 2387947.717)/ 2 )
=-923.696/2384991.67
=-0.04 %

where

Invested Capital(Q: Dec. 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))
=2153702.584 - 64818.19 - ( 48593.317 - max(0, 1010287.714 - 717136.485+48593.317))
=2382035.623

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))
=2132616.461 - 55868.532 - ( 17162.452 - max(0, 1000533.443 - 689333.655+17162.452))
=2387947.717

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Saigon Vi Na Real Estate JSC'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=75951.492/( ( (108833.368 + max(-960478.491, 0)) + (1267944.513 + max(-953325.437, 0)) )/ 2 )
=75951.492/( ( 108833.368 + 1267944.513 )/ 2 )
=75951.492/688388.9405
=11.03 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1728.3 + 0 + 48080.923) - (64818.19 + 0 + 945469.524)
=-960478.491

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1350.3 + 472.897 + 45384.809) - (55868.532 + 0 + 944664.911)
=-953325.437

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Saigon Vi Na Real Estate JSC'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 )
=-230.924/2085
=-11.08 %

* 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.

Saigon Vi Na Real Estate JSC Operating Income Related Terms

Saigon Vi Na Real Estate JSC Operating Income Historical Data

* Premium members only.

The historical data trend for Saigon Vi Na Real Estate JSC'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.

Saigon Vi Na Real Estate JSC Operating Income Chart

Saigon Vi Na Real Estate JSC Annual Data
Trend Dec24 Dec25
Operating Income
-9,495.65 -9,431.14

Saigon Vi Na Real Estate JSC Quarterly Data
Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only -2,619.57 -1,964.05 -1,035.10 -3,812.42 -230.92
HSTC:LSG
31GF Score
Saigon Vi Na Real Estate JSC HSTC:LSG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Saigon Vi Na Real Estate JSC 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 quarterly data reported by the company within the most recent 12 months, which was ₫-7,042 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 ₫-7,042 Mil mean?
Saigon Vi Na Real Estate JSC (HSTC:LSG) has a Operating Income of ₫-7,042 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Saigon Vi Na Real Estate JSC and its competitors.
Is Saigon Vi Na Real Estate JSC's Operating Income too high?
Saigon Vi Na Real Estate JSC's current Operating Income is ₫-7,042 Mil. Overall, Saigon Vi Na Real Estate JSC has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Saigon Vi Na Real Estate JSC's Operating Income compare to competitors?
Saigon Vi Na Real Estate JSC's Operating Income of ₫-7,042 Mil can be compared against companies in the Real Estate 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 a Real Estate company?
A good Operating Income depends on the Real Estate 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 Saigon Vi Na Real Estate JSC and its competitors. Saigon Vi Na Real Estate JSC's current Operating Income is ₫-7,042 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saigon Vi Na Real Estate JSC stock overvalued right now?
Saigon Vi Na Real Estate JSC (HSTC:LSG) has a current Operating Income of ₫-7,042 Mil. The current Operating Income is ₫-7,042 Mil. Saigon Vi Na Real Estate JSC's overall GF Score™ is 31/100 with 3 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 Saigon Vi Na Real Estate JSC (HSTC:LSG), the current Operating Income is ₫-7,042 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.

Saigon Vi Na Real Estate JSC Business Description

Address 628-630 Vo Van Kiet Street, Ward 1, Cho Quan Ward, District 5, Ho Chi Minh, VNM
Saigon Vi Na Real Estate JSC is a real estate investment and development company. The company's objective is to develop into a real estate company with Powerful project execution. The company's principal activities includes Real Estate business which is Apartment and high-rise building management services, Real Estate Advertising services, Real Estate Brokerage; Construction Consulting which excluding project design, construction supervision, construction survey. The company's projects includes Dragon Riverside City Project, Linh Trung Apartment project, Bao-Loc Lam Dong project, Phu Hoang Anh project, Ngoc Lan Apartment project.
31GF Score

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

₫34,700.00
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