Vinhomes JSC (VHM) - Total Assets
Based on the latest financial reports, Vinhomes JSC (VHM) holds total assets worth ₫786.38 Trillion VND (≈ $29.88 Billion USD) as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check Vinhomes JSC cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Vinhomes JSC - Total Assets Trend (2019–2025)
This chart illustrates how Vinhomes JSC's total assets have evolved over time, based on quarterly financial data. Check how high is Vinhomes JSC's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Vinhomes JSC - Asset Composition Analysis
Current Asset Composition (December 2025)
Vinhomes JSC's total assets of ₫786.38 Trillion consist of 63.7% current assets and 36.3% non-current assets.
| Asset Category | Amount (VND) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₫0.00 | 6.4% |
| Accounts Receivable | ₫23.84 Trillion | 3.0% |
| Inventory | ₫134.79 Trillion | 17.1% |
| Property, Plant & Equipment | ₫0.00 | 0.0% |
| Intangible Assets | ₫3.70 Trillion | 0.5% |
| Goodwill | ₫294.30 Billion | 0.0% |
Asset Composition Trend (2019–2025)
This chart illustrates how Vinhomes JSC's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see VHM market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Vinhomes JSC's current assets represent 63.7% of total assets in 2025, a decrease from 70.8% in 2019.
- Cash Position: Cash and equivalents constituted 6.4% of total assets in 2025, down from 6.8% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 1.0% in 2019.
- Asset Diversification: The largest asset category is inventory at 17.1% of total assets.
Vinhomes JSC Competitors by Total Assets
Key competitors of Vinhomes JSC based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
IOI Properties Group Bhd
KLSE:5249
|
Malaysia | RM53.07 Billion |
|
Seazen Holdings Co Ltd
SHG:601155
|
China | CN¥265.24 Billion |
|
Shanghai Jinqiao Export Processing Zone Development Co Ltd B
SHG:900911
|
China | $50.68 Billion |
|
Agung Podomoro Land Tbk
JK:APLN
|
Indonesia | Rp25.69 Trillion |
|
Jiankun International Bhd
KLSE:8923
|
Malaysia | RM115.94 Million |
|
Chong Hong Construction Co Ltd
TW:5534
|
Taiwan | NT$48.22 Billion |
|
Max Estates Limited
NSE:MAXESTATES
|
India | Rs124.37 Billion |
|
Harworth Group PLC
LSE:HWG
|
UK | GBX1.06 Billion |
Vinhomes JSC - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.45 | 1.02 | 1.06 |
| Quick Ratio | 1.06 | 0.83 | 0.78 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ₫155.66 Trillion | ₫6.95 Trillion | ₫8.71 Trillion |
Vinhomes JSC - Advanced Valuation Insights
This section examines the relationship between Vinhomes JSC's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.90 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 40.2% |
| Total Assets | ₫786.38 Trillion |
| Market Capitalization | $22.53 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Vinhomes JSC's assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Vinhomes JSC's assets grew by 40.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Vinhomes JSC (2019–2025)
The table below shows the annual total assets of Vinhomes JSC from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | ₫786.38 Trillion ≈ $29.88 Billion |
+40.24% |
| 2024-12-31 | ₫560.72 Trillion ≈ $21.30 Billion |
+26.11% |
| 2023-12-31 | ₫444.63 Trillion ≈ $16.89 Billion |
+22.89% |
| 2022-12-31 | ₫361.81 Trillion ≈ $13.75 Billion |
+56.96% |
| 2021-12-31 | ₫230.52 Trillion ≈ $8.76 Billion |
+7.05% |
| 2020-12-31 | ₫215.33 Trillion ≈ $8.18 Billion |
+9.17% |
| 2019-12-31 | ₫197.24 Trillion ≈ $7.49 Billion |
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About Vinhomes JSC
Vinhomes Joint Stock Company develops and sells real estate properties in Vietnam. The company also leases office properties. In addition, it provides real estate management and related services; general contractor; consulting and designing construction; and supervision and construction management services. The company was formerly known as Hanoi Southern City Development Joint Stock Company and … Read more