Sunshine Homes Development JSC (HSTC:SSH) Operating Income: ₫359,861 Mil (TTM As of Mar. 2026)

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HSTC:SSH Sunshine Homes Development JSC HSTC:SSH
51 GF Score
Price ₫61,700.00
GF Value ₫28,605.80
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Sunshine Homes Development JSC Operating Income?

Sunshine Homes Development JSC HSTC:SSH 51 Operating Income is ₫359,861 Mil as of Mar. 2026. GuruFocus rates HSTC:SSH with a GF Score™ of 51/100 and a GF Value™ of ₫28,605.80 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Sunshine Homes Development JSC's Operating Income for the three months ended in Mar. 2026 was ₫336,170 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₫359,861 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sunshine Homes Development JSC's Operating Income for the three months ended in Mar. 2026 was ₫336,170 Mil. Sunshine Homes Development JSC's Revenue for the three months ended in Mar. 2026 was ₫562,658 Mil. Therefore, Sunshine Homes Development JSC's Operating Margin % for the quarter that ended in Mar. 2026 was 59.75%.

Sunshine Homes Development 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. Sunshine Homes Development JSC's annualized ROC % for the quarter that ended in Mar. 2026 was 13.50%. Sunshine Homes Development JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 166.01%.

Sunshine Homes Development JSC  (HSTC:SSH) Operating Income Explanation

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

Sunshine Homes Development 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 )
=1344679.836 * ( 1 - 21.38% )/( (10057144.977 + 5605674.769)/ 2 )
=1057187.2870632/7831409.873
=13.50 %

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))
=12139247.382 - 1381758.016 - ( 700344.389 - max(0, 3719946.257 - 7938091.224+700344.389))
=10057144.977

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))
=11517519.885 - 1413451.27 - ( 4951816.989 - max(0, 2816211.986 - 7314605.832+4951816.989))
=5605674.769

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

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

Sunshine Homes Development 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 )
=1851112.124/( ( (294755.784 + max(1274150.786, 0)) + (292617.537 + max(368540.428, 0)) )/ 2 )
=1851112.124/( ( 1568906.57 + 661157.965 )/ 2 )
=1851112.124/1115032.2675
=166.01 %

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)
=(269848.63 + 447823.528 + 2131929.078) - (1381758.016 + 0 + 193692.434)
=1274150.786

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(275918.195 + 300223.374 + 1406638.446) - (1413451.27 + 0 + 200788.317)
=368540.428

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 %:

Sunshine Homes Development 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 )
=336169.959/562657.804
=59.75 %

* 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.

Sunshine Homes Development JSC Operating Income Related Terms

Sunshine Homes Development JSC Operating Income Historical Data

* Premium members only.

The historical data trend for Sunshine Homes Development 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.

Sunshine Homes Development JSC Operating Income Chart

Sunshine Homes Development JSC Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
305,680.02 -19,117.59 1,412,383.31 1,012,177.72 77,333.36

Sunshine Homes Development JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 25,188.55 -39,508.82 108,239.96 -45,040.48 336,169.96
HSTC:SSH
51GF Score
Sunshine Homes Development JSC HSTC:SSH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sunshine Homes Development 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 ₫359,861 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 ₫359,861 Mil mean?
Sunshine Homes Development JSC (HSTC:SSH) has a Operating Income of ₫359,861 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sunshine Homes Development JSC and its competitors.
Is Sunshine Homes Development JSC's Operating Income too high?
Sunshine Homes Development JSC's current Operating Income is ₫359,861 Mil. Overall, Sunshine Homes Development JSC has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunshine Homes Development JSC's Operating Income compare to competitors?
Sunshine Homes Development JSC's Operating Income of ₫359,861 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 Sunshine Homes Development JSC and its competitors. Sunshine Homes Development JSC's current Operating Income is ₫359,861 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Homes Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Homes Development JSC (HSTC:SSH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫28,605.80, compared to a current price of ₫61,700.00 — trading 115.7% above its estimated fair value. The current Operating Income is ₫359,861 Mil. Sunshine Homes Development JSC's overall GF Score™ is 51/100 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 Sunshine Homes Development JSC (HSTC:SSH), the current Operating Income is ₫359,861 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 Sunshine Homes Development JSC (HSTC:SSH) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Homes Development JSC stock appears to be overvalued. The current stock price of ₫61,700.00 is trading 115.7% above its estimated GF Value™ of ₫28,605.80. GuruFocus considers Sunshine Homes Development JSC to be Significantly Overvalued.

Key valuation signals for HSTC:SSH:

  • Operating Income: ₫359,861 Mil
  • GF Value™: ₫28,605.80 vs. price of ₫61,700.00 (115.7% above fair value)
  • GF Score™: 51/100 with 3 warning signs

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

Sunshine Homes Development JSC Business Description

Address 9th Floor, Sunshine Center building, 16 Pham Hung Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi City, VNM
Sunshine Homes Development JSC is engaged in the development and trading of real estate projects, motor vehicle rental, and management consultancy activities. The Company also conducts real estate business, including land use rights owned, used or leased, finishing of construction works, construction of residential and non-residential buildings, and real estate consultancy, brokerage, and management services. Its projects include Sunshine Marina Mui Ne - Hilltop Hotels & Resorts in Mui Ne Ward, Lam Dong Province; Sunshine Golf & Resort Lang Co in Lang Co, Hue; Noble Palace Tay Thang Long in O Dien, Hanoi City; Noble Palace Garden in Dan Phuong, Hanoi City; Noble Crystal Tay Ho WorldHotels Residence in Phu Thuong Ward, Hanoi City; and Noble Palace Tay Ho in Phu Thuong Ward, Hanoi City.
51GF Score

Get the complete analysis for HSTC:SSH

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

₫61,700.00
Price
₫28,605.80
GF Value