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Vinhomes JSC (STC:VHM) Return-on-Tangible-Asset : 1.92% (As of Mar. 2025)


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What is Vinhomes JSC Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Vinhomes JSC's annualized Net Income for the quarter that ended in Mar. 2025 was ₫10,755,816 Mil. Vinhomes JSC's average total tangible assets for the quarter that ended in Mar. 2025 was ₫560,495,519 Mil. Therefore, Vinhomes JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 1.92%.

The historical rank and industry rank for Vinhomes JSC's Return-on-Tangible-Asset or its related term are showing as below:

STC:VHM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.78   Med: 11.6   Max: 17.62
Current: 6.33

During the past 8 years, Vinhomes JSC's highest Return-on-Tangible-Asset was 17.62%. The lowest was 2.78%. And the median was 11.60%.

STC:VHM's Return-on-Tangible-Asset is ranked better than
86.16% of 1806 companies
in the Real Estate industry
Industry Median: 1.395 vs STC:VHM: 6.33

Vinhomes JSC Return-on-Tangible-Asset Historical Data

The historical data trend for Vinhomes JSC's Return-on-Tangible-Asset 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.

Vinhomes JSC Return-on-Tangible-Asset Chart

Vinhomes JSC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 13.37 17.62 9.82 8.32 6.32

Vinhomes JSC Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset 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 0.78 9.03 6.20 8.51 1.92

Competitive Comparison of Vinhomes JSC's Return-on-Tangible-Asset

For the Real Estate Services subindustry, Vinhomes JSC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vinhomes JSC's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Vinhomes JSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Vinhomes JSC's Return-on-Tangible-Asset falls into.


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Vinhomes JSC Return-on-Tangible-Asset Calculation

Vinhomes JSC's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=31801258/( (442942146+562730000)/ 2 )
=31801258/502836073
=6.32 %

Vinhomes JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=10755816/( (562730000+558261037)/ 2 )
=10755816/560495518.5
=1.92 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2025) net income data.


Vinhomes JSC  (STC:VHM) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Vinhomes JSC Return-on-Tangible-Asset Related Terms

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Vinhomes JSC Business Description

Industry
Traded in Other Exchanges
N/A
Address
Chu Huy Man Street, Vinhomes Riverside Area, Symphony Office Building, Phuc Loi Ward, Long Bien District, Hanoi, VNM
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.

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