Song Hong Garment JSC (STC:MSH) Operating Income: ₫709,111 Mil (TTM As of Mar. 2026)


STC:MSH Song Hong Garment JSC STC:MSH
80 GF Score
Price ₫32,500.00
GF Value ₫34,380.10
Valuation Fairly Valued
! 4 Warning Signs
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What is Song Hong Garment JSC Operating Income?

Song Hong Garment JSC STC:MSH 80 Operating Income is ₫709,111 Mil as of Mar. 2026. GuruFocus rates STC:MSH with a GF Score™ of 80/100 and a GF Value™ of ₫34,380.10 (Fairly Valued). The stock has 4 warning signs investors should review.

Song Hong Garment JSC's Operating Income for the three months ended in Mar. 2026 was ₫100,364 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₫709,111 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Song Hong Garment JSC's Operating Income for the three months ended in Mar. 2026 was ₫100,364 Mil. Song Hong Garment JSC's Revenue for the three months ended in Mar. 2026 was ₫1,041,226 Mil. Therefore, Song Hong Garment JSC's Operating Margin % for the quarter that ended in Mar. 2026 was 9.64%.

Good Sign:

Song Hong Garment JSC operating margin is expanding. Margin expansion is usually a good sign.

Song Hong Garment JSC's 5-Year average Growth Rate for Operating Margin % was 7.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Song Hong Garment JSC's annualized ROC % for the quarter that ended in Mar. 2026 was 13.72%. Song Hong Garment JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.16%.

Song Hong Garment JSC  (STC:MSH) Operating Income Explanation

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

Song Hong Garment 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 )
=401456.284 * ( 1 - 21.29% )/( (2156798.761 + 2447869.419)/ 2 )
=315986.2411364/2302334.09
=13.72 %

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))
=4677754.976 - 1062572.326 - ( 1619777.096 - max(0, 1816616.191 - 3275000.08+1619777.096))
=2156798.761

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))
=4319203.169 - 611710.088 - ( 1259623.662 - max(0, 1394479.146 - 2911107.628+1259623.662))
=2447869.419

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

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

Song Hong Garment 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 )
=474518.472/( ( (1281111.764 + max(480111.897, 0)) + (1297699.094 + max(868965.23, 0)) )/ 2 )
=474518.472/( ( 1761223.661 + 2166664.324 )/ 2 )
=474518.472/1963943.9925
=24.16 %

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)
=(943209.085 + 546122.053 + 159590.705) - (1062572.326 + 0 + 106237.62)
=480111.897

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(565899.54 + 889089.455 + 182714.771) - (611710.088 + 0 + 157028.448)
=868965.23

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 %:

Song Hong Garment 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 )
=100364.071/1041226.319
=9.64 %

* 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.

Song Hong Garment JSC Operating Income Related Terms

Song Hong Garment JSC Operating Income Historical Data

* Premium members only.

The historical data trend for Song Hong Garment 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.

Song Hong Garment JSC Operating Income Chart

Song Hong Garment JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 486,944.54 358,541.21 186,559.46 440,342.57 707,256.00

Song Hong Garment 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 93,597.28 177,507.98 220,456.07 210,782.89 100,364.07
STC:MSH
80GF Score
Song Hong Garment JSC STC:MSH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Song Hong Garment 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 ₫709,111 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 ₫709,111 Mil mean?
Song Hong Garment JSC (STC:MSH) has a Operating Income of ₫709,111 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Song Hong Garment JSC and its competitors.
Is Song Hong Garment JSC's Operating Income too high?
Song Hong Garment JSC's current Operating Income is ₫709,111 Mil. Overall, Song Hong Garment JSC has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Song Hong Garment JSC's Operating Income compare to RL and LEVI?
Song Hong Garment JSC's Operating Income of ₫709,111 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories 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 Song Hong Garment JSC and its competitors. Song Hong Garment JSC's current Operating Income is ₫709,111 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Hong Garment JSC stock overvalued right now?
Based on GuruFocus' analysis, Song Hong Garment JSC (STC:MSH) is currently considered Fairly Valued. The stock's GF Value™ is ₫34,380.10, compared to a current price of ₫32,500.00 — trading 5.5% below its estimated fair value. The current Operating Income is ₫709,111 Mil. Song Hong Garment JSC's overall GF Score™ is 80/100 with 4 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 Song Hong Garment JSC (STC:MSH), the current Operating Income is ₫709,111 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 Song Hong Garment JSC (STC:MSH) Overvalued in 2026?

Based on GuruFocus' analysis, Song Hong Garment JSC stock appears to be undervalued. The current stock price of ₫32,500.00 is trading 5.5% below its estimated GF Value™ of ₫34,380.10. GuruFocus considers Song Hong Garment JSC to be Fairly Valued.

Key valuation signals for STC:MSH:

  • Operating Income: ₫709,111 Mil
  • GF Value™: ₫34,380.10 vs. price of ₫32,500.00 (5.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs

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

Song Hong Garment JSC Business Description

Address 105 Nguyen Duc Thuan Street, Nam Dinh Ward, Ninh Binh Province, Nam Dinh, VNM
Song Hong Garment JSC is a Vietnam-based manufacturer and distributor of garment and textile products. The company has a market presence in Vietnam and the international market. Its product offerings include bedding and all lines of clothing for men, women, and children. the principal activities includes Producing clothes for domestic market; Producing carpets, blankets; Trading on industrial products for domestic market; Sewing clothes (except for clothes made of animal leather and feather); Trading on other kinds of materials, equipments and spare parts for the garment-textile industry; Producing knitted clothes; Wholesaler of fabrics, clothes and shoes; Trading on domestic cigarettes, alcohol and cosmetics; Warehousing and storing services; and Others.
80GF Score

Get the complete analysis for STC:MSH

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

₫32,500.00
Price
₫34,380.10
GF Value