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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 12,327B | 42.2% |
| Gross Profit | -2,958B | 45.6% |
| Cost of Revenue | 15,284B | 8.3% |
| Operating expense | 5,163B | 35.1% |
| Net Income | -13,227B | 29.4% |
| EBITDA | -5,610B | 51.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 151,807B | 1.7% |
| Total Liabilities | 246,811B | 6.7% |
| Shares Outstanding | 2.34B | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -11,192B | 42.4% |
| Cash from financing | 9,257B | 36.2% |
EPS
Financial Highlights for VinFast Auto in Q3 '24
VinFast Auto reported a revenue of 12,327B, which is a 42.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -2,958B, marking a 45.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 15,284B, a 8.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 5,163B, showing a -35.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -13,227B, showing a 29.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -5,610B, showing a 51.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for VinFast Auto with growth in revenue, gross profit, and net income.
