VinFast Auto Ltd. (VFS) Income Statement Analysis

See more : Ficont Industry (Beijing) Co., Ltd. (605305.SS) Income Statement Analysis – Financial Results

Complete financial analysis of VinFast Auto Ltd. (VFS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of VinFast Auto Ltd., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.

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VinFast Auto Ltd. (VFS)

Industry: Auto - Manufacturers

Sector: Consumer Cyclical

Website: https://vinfastauto.us

About VinFast Auto Ltd.

VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States. The company operates through Automobiles, E-scooter, Spare Parts, and Aftermarket Services segments. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. The company operates as a subsidiary of Vingroup Joint Stock Company.

Metric	2023	2022	2021	2020
Revenue	28,596.22B	14,965.59B	16,028.18B	13,690.35B
Cost of Revenue	41,761.58B	27,232.50B	25,283.96B	20,385.48B
Gross Profit	-13,165.36B	-12,266.91B	-9,255.78B	-6,695.13B
Gross Profit Ratio	-46.04%	-81.97%	-57.75%	-48.90%
Research & Development	14,516.96B	19,939.90B	9,255.38B	3,929.80B
General & Administrative	5,269.78B	4,119.44B	6,764.88B	1,206.53B
Selling & Marketing	5,661.15B	5,213.74B	2,203.84B	1,346.58B
SG&A	10,930.93B	9,333.18B	8,968.72B	2,553.10B
Other Expenses	1,633.09B	0.00	0.00	0.00
Operating Expenses	27,080.98B	29,161.30B	18,034.30B	6,522.74B
Cost & Expenses	68,827.12B	56,393.79B	43,318.25B	26,908.22B
Interest Income	187.64B	83.59B	440.28B	248.72B
Interest Expense	12,073.43B	5,883.07B	3,442.12B	3,701.74B
Depreciation & Amortization	6,315.69B	6,266.51B	4,891.37B	4,302.21B
EBITDA	-42,066.33B	-35,052.26B	-22,872.19B	-9,496.13B
EBITDA Ratio	-147.10%	-245.24%	-142.70%	-69.36%
Operating Income	-40,411.07B	-42,256.36B	-27,067.40B	-13,245.52B
Operating Income Ratio	-141.32%	-282.36%	-168.87%	-96.75%
Total Other Income/Expenses	-16,929.38B	-6,645.77B	-4,942.32B	-5,616.96B
Income Before Tax	-57,340.45B	-48,902.13B	-32,009.72B	-18,862.48B
Income Before Tax Ratio	-200.52%	-326.76%	-199.71%	-137.78%
Income Tax Expense	89.13B	946.74B	209.24B	87.77B
Net Income	-57,354.81B	-49,783.80B	-32,183.73B	-18,949.89B
Net Income Ratio	-200.57%	-332.66%	-200.79%	-138.42%
EPS	-24.84K	-21.44K	-13.86K	-8.16K
EPS Diluted	-24.84K	-21.44K	-13.86K	-8.16K
Weighted Avg Shares Out	2.31B	2.32B	2.32B	2.32B
Weighted Avg Shares Out (Dil)	2.31B	2.32B	2.32B	2.32B

U.S. opens probe into around 3,118 VinFast vehicles

September 12, 2024reuters.com

The U.S. National Highway Traffic Safety Administration on Thursday said it has opened a probe into about 3,118 VinFast vehicles over reports that the Lane Keep Assist System was not functioning correctly.

VinFast stock has stalled: brace for volatility ahead of earnings

August 14, 2024invezz.com

VinFast (VFS) stock price has remained in a tight range since October last year as concerns about the Vietnamese company continued. In this period, the stock has remained between the key support at $2.10 and the resistance point at $9.

Does VinFast Auto's 67% Surge Make It a Buy Now?

July 22, 2024fool.com

VinFast's deliveries to an affiliate company may inflate sales figures. The EV maker has delayed its North Carolina factory yet again.

Should You Buy VinFast Auto Stock While It's Below $5?

July 20, 2024fool.com

VinFast struggled to ramp up its deliveries last year. Its North American expansion faces significant roadblocks.

VINFAST ANNOUNCES FORMATION OF DEALER ADVISORY BOARD IN THE U.S.

July 19, 2024prnewswire.com

LOS ANGELES , July 19, 2024 /PRNewswire/ -- VinFast Auto (Nasdaq: VFS), the Vietnamese automotive manufacturer announced the creation of its Dealer Advisory Board. This esteemed group comprises leading VinFast dealership representatives from across the United States, selected for their...

Vietnam's VinFast delays US electric car plant amid market slowdown

July 12, 2024reuters.com

Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast for this year by 20,000 units amid uncertainties in the global EV market.

VinFast Delivers Nearly 21,800 Electric Vehicles in First Half of 2024, Up 92% YoY

July 12, 2024prnewswire.com

SINGAPORE , July 12, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company"), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, delivered 21,747 electric vehicles in the first half of 2024, a...