<\/span><\/h2>\n\n\n\nPh\u00e2n t\u00edch quy m\u00f4 theo n\u0103m<\/h3>\n\n\n\n\n\n\n\n
X\u00e9t v\u1ec1 quy m\u00f4 doanh thu th\u1ea7n r\u00f5 r\u00e0ng DHG l\u00e0 s\u1ed1 1 v\u00e0 b\u1ecf kh\u00e1 xa TRA v\u00e0 \u0111\u1eb7c bi\u1ec7t l\u00e0 DP3. Doanh thu c\u1ee7a DHG v\u00e0 TRA t\u0103ng tr\u01b0\u1edfng kh\u00e1 t\u1ed1t trong khi \u0111\u00f3 DP3 l\u1ea1i ch\u1ec9 chi\u1ebfm kho\u1ea3ng 1\/3 doanh thu thu\u1ea7n c\u1ee7a TRA. Do \u0111\u00f3 k\u00e9o theo t\u1ef7 tr\u1ecdng c\u1ee7a LNST c\u1ee7a 3 c\u00f4ng ty c\u0169ng ho\u00e0n to\u00e0n kh\u00e1c nhau: D\u01b0\u1ee3c H\u1eadu Giang c\u00f3 t\u1ef7 tr\u1ecdng LNST \u0111\u1ee9ng \u0111\u1ea7u ng\u00e0nh, LNST c\u1ee7a D\u01b0\u1ee3c H\u1eadu Giang c\u00f2n cao h\u01a1n t\u1ed5ng LNST c\u1ee7a Traphaco v\u00e0 D\u01b0\u1ee3c ph\u1ea9m Trung \u01af\u01a1ng 3. B\u00ean c\u1ea1nh \u0111\u00f3 t\u1ea5t c\u1ea3 c\u00e1c ch\u1ec9 ti\u00eau nh\u01b0 ti\u1ec1n+\u0111\u1ea7u t\u01b0, v\u1ed1n l\u01b0u \u0111\u1ed9ng, TSC\u0110, v\u1ed1n CSH, n\u1ee3 th\u00ec DHG v\u1eabn l\u00e0 c\u00f4ng ty c\u00f3 t\u1ef7 tr\u1ecdng nhi\u1ec1u nh\u1ea5t trong ng\u00e0nh. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y D\u01b0\u1ee3c H\u1eadu Giang c\u00f3 l\u1ee3i th\u1ebf v\u1ec1 quy m\u00f4.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Ph\u00e2n t\u00edch quy m\u00f4 theo Qu\u00fd <\/h3>\n\n\n\n\n\n\n\n
Quy m\u00f4 theo qu\u00fd c\u1ee7a DHG v\u1eabn chi\u1ebfm s\u1ef1 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t trong ng\u00e0nh n\u00f3i chung v\u00e0 l\u1edbn h\u01a1n so v\u1edbi DP3 v\u00e0 TRA n\u00f3i ri\u00eang. <\/p>\n\n\n\n
T\u1ef7 l\u1ec7 CP, TN so v\u1edbi DT – N\u0103m <\/h3>\n\n\n\n\n\n\n\n
Nh\u00ecn chung t\u1ef7 l\u1ec7 chi ph\u00ed so v\u1edbi doanh thu n\u0103m c\u1ee7a 3 c\u00f4ng ty \u0111\u1ec1u \u1edf m\u1ee9c \u00e2m. C\u1ee5 th\u1ec3 v\u1ec1 chi ph\u00ed qu\u1ea3n l\u00fd th\u00ec DHG \u0111ang ki\u1ec3m so\u00e1t kh\u00e1 t\u1ed1t trong n\u0103m n\u1eb1m \u1edf ng\u01b0\u1ee1ng -7% trong n\u0103m 2018. Nh\u01b0ng so v\u1edbi hai c\u00f4ng ty c\u00f2n l\u1ea1i l\u00e0 Traphaco v\u00e0 D\u01b0\u1ee3c ph\u1ea9m Tr\u01b0ng \u01af\u01a1ng 3 th\u00ec \u1edf m\u1ee9c DHG l\u1ea1i l\u00e0 c\u00f4ng ty c\u00f3 m\u1ee9c chi ph\u00ed qu\u1ea3n l\u00fd cao nh\u1ea5t. Th\u1ea5p nh\u1ea5t ph\u1ea3i nh\u1eafc t\u1edbi l\u00e0 Traphaco t\u1ea1i m\u1ee9c -12%. V\u1edbi c\u00e1c m\u1ee5c chi ph\u00ed kh\u00e1c nh\u01b0 Chi ph\u00ed b\u00e1n h\u00e0ng, gi\u00e1 v\u1ed1n, Chi ph\u00ed t\u00e0i ch\u00ednh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch c\u1ee5 th\u1ec3 nh\u01b0 sau:<\/p>\n\n\n\n
T\u0103ng tr\u01b0\u1edfng ng\u00e0nh theo N\u0103m<\/h3>\n\n\n\n\n\n\n\n
Ph\u00e2n t\u00edch v\u1ec1 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng trong n\u0103m th\u00ec D\u01b0\u1ee3c ph\u1ea9m Trung \u01af\u01a1ng 3 \u0111ang l\u00e0 c\u00f4ng ty \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 c\u00f3 m\u1ee9c t\u0103ng tr\u01b0\u1edfng t\u1ed1t v\u00e0 nhanh trong n\u0103m. Nh\u00ecn v\u00e0o bi\u1ec3u \u0111\u1ed3 ta c\u00f3 th\u1ec3 th\u1ea5y c\u00e1c ch\u1ec9 ti\u00eau v\u1ec1 LNST, EPS, DTT, LN g\u1ed9p c\u1ee7a DP3 \u0111\u1ec1u ph\u1ea3n \u00e1nh \u1edf m\u1ee9c \u0111\u00e1nh gi\u00e1 t\u0103ng tr\u01b0\u1edfng. So v\u1edbi D\u01b0\u1ee3c ph\u1ea9m Trung \u01af\u01a1ng 3 th\u00ec Traphaco v\u00e0 D\u01b0\u1ee3c H\u1eadu Giang l\u1ea1i .kh\u00f4ng th\u1ec3 hi\u1ec7n \u0111\u01b0\u1ee3c s\u1ef1 t\u0103ng tr\u01b0\u1edfng \u0111\u00f3. \u0110\u1eb7c bi\u1ec7t v\u1edbi Traphaco khi chi ph\u00ed t\u00e0i ch\u00ednh trong n\u0103m t\u0103ng v\u01b0\u1ee3t tr\u1ed9i cho th\u1ea5y kh\u1ea3 n\u0103ng trong n\u0103m c\u00f4ng ty n\u00e0y \u0111\u00e3 th\u1ef1c hi\u1ec7n vay r\u1ea5t nhi\u1ec1u. C\u1ee5 th\u1ec3:<\/p>\n\n\n\n
DP3 t\u0103ng tr\u01b0\u1edfng kinh doanh n\u0103m<\/h4>\n\n\n\n\n\n\n\n
Theo t\u1eebng n\u0103m D\u01b0\u1ee3c Ph\u1ea9m Trung \u01af\u01a1ng 3 c\u00f3 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu kh\u00f4ng \u0111\u1ec1u, t\u00ednh \u0111\u1ebfn n\u0103m 2018 th\u00ec DP3 c\u00f3 doanh thu cao nh\u1ea5t trong giai \u0111o\u1ea1n 2015-2018 v\u00e0 cho th\u1ea5y t\u1ed1c \u0111\u1ed9 t\u0103ng nhanh t\u1eeb giai \u0111o\u1ea1n 2016-2018. Chi ph\u00ed b\u00e1n h\u00e0ng chi\u1ebfm t\u1ef7 tr\u1ecdng l\u1edbn qua c\u00e1c n\u0103m so v\u1edbi c\u00e1c lo\u1ea1i chi ph\u00ed kh\u00e1c c\u1ee7a c\u00f4ng ty. C\u1ee5 th\u1ec3 t\u1ef7 l\u1ec7 nh\u01b0 sau:<\/p>\n\n\n\n
DP3 t\u0103ng tr\u01b0\u1edfng kinh doanh theo qu\u00fd<\/h4>\n\n\n\n\n\n\n\n
Nh\u00ecn v\u00e0o bi\u1ec3u \u0111\u1ed3 tr\u00ean ch\u00fang ta c\u00f3 th\u1ec3 th\u1ea5y s\u1ef1 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh c\u1ee7a chi ph\u00ed c\u1ee5 th\u1ec3 l\u00e0 chi ph\u00ed b\u00e1n h\u00e0ng v\u00e0 chi ph\u00ed qu\u1ea3n l\u00fd. Doanh thu thu\u1ea7n trong qu\u00fd bi\u1ebfn \u0111\u1ed9ng gi\u1ea3m v\u1ec1 ph\u00e1i \u00e2m theo qu\u00fd c\u00f3 th\u1ec3 hi\u1ec3u l\u00e0 do s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u1ec1 chi ph\u00ed d\u1eabn t\u1edbi s\u1ef1 \u1ea3nh h\u01b0\u1edfng cho doanh thu.<\/p>\n\n\n\n
TRA t\u0103ng tr\u01b0\u1edfng theo n\u0103m <\/h4>\n\n\n\n\n\n\n\n
\u0110\u00e1nh gi\u00e1 v\u1ec1 s\u1ef1 t\u0103ng tr\u01b0\u1edfng n\u0103m c\u1ee7a Traphaco ta th\u1ea5y n\u1ed5i b\u1eadt c\u1ee7a c\u00f4ng ty n\u00e0y qua c\u00e1c n\u0103m l\u00e0 chi ph\u00ed t\u00e0i ch\u00ednh \u1edf m\u1ee9c th\u1ea5p. Th\u1ea5p nh\u1ea5t v\u00e0o n\u0103m 2016. LNST, EBITDA v\u00e0 EPS cao, cao v\u01b0\u1ee3t tr\u1ed9i v\u00e0o n\u0103m 2018. <\/p>\n\n\n\n
TRA t\u0103ng tr\u01b0\u1edfng theo Qu\u00fd<\/h4>\n\n\n\n\n\n\n\n
Nh\u00ecn t\u1ed5ng quan v\u00e0o bi\u1ec3u \u0111\u1ed3 ph\u00e2n t\u00edch s\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a Traphaco theo qu\u00fd ta c\u00f3 th\u1ec3 th\u1ea5y Traphaco \u0111\u00e3 ki\u1ec3m so\u00e1t t\u1ed1t \u0111\u01b0\u1ee3c ph\u1ea7n chi ph\u00ed t\u00e0i ch\u00ednh. Bi\u1ec3u hi\u1ec7n l\u00e0 s\u1ef1 gi\u1ea3m nhanh ch\u00f3ng t\u1eeb Q1-Q4 n\u0103m 2018. S\u1ef1 ki\u1ec3m so\u00e1t \u0111\u00f3 c\u00f3 th\u1ec3 l\u00e0 s\u1ef1 \u1ea3nh h\u01b0\u1edfng l\u1edbn t\u1edbi vi\u1ec7c t\u0103ng v\u1ec1 LNST c\u1ee7a c\u00f4ng ty v\u00e0o Q4 n\u0103m 2018.<\/p>\n\n\n\n
DHG t\u0103ng tr\u01b0\u1edfng theo N\u0103m<\/h4>\n\n\n\n\n\n\n\n
D\u01b0\u1ee3c H\u1eadu Giang c\u00f3 s\u1ef1 t\u0103ng tr\u01b0\u1edfng qua c\u00e1c n\u0103m kh\u00e1 t\u1ed1t, tuy kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u nh\u01b0ng cho th\u1ea5y xu h\u01b0\u1edbng t\u0103ng l\u00ean v\u1ec1 doanh thu thu\u1ea7n v\u00e0 LNST r\u00f5 r\u1ec7t trong giai \u0111o\u1ea1n 2016-2018. Ki\u1ec3m so\u00e1t \u0111\u01b0\u1ee3c chi ph\u00ed t\u00e0i ch\u00ednh v\u00e0 chi ph\u00ed qu\u1ea3n l\u00fd tuy nhi\u00ean chi ph\u00ed b\u00e1n h\u00e0ng c\u1ee7a c\u00f4ng ty v\u1eabn \u1edf m\u1ee9c cao.<\/p>\n\n\n\n
DHG t\u0103ng tr\u01b0\u1edfng theo Qu\u00fd<\/h4>\n\n\n\n\n\n\n\n
X\u00e9t s\u1ef1 bi\u1ebfn \u0111\u1ed9ng theo qu\u00fd trong 3 c\u00f4ng ty c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c l\u00e0 D\u01b0\u1ee3c H\u1eadu Giang, D\u01b0\u1ee3c Ph\u1ea9m Trung \u01af\u01a1ng 3 v\u00e0 Traphaco th\u00ec DHG l\u00e0 c\u00f4ng ty m\u00e0 c\u00f3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a c\u00e1c ch\u1ec9 ti\u00eau ph\u00e2n t\u00edch l\u1edbn nh\u1ea5t. Bi\u1ebfn \u0111\u1ed9ng l\u1edbn c\u1ea3 v\u1ec1 doanh thu, chi ph\u00ed v\u00e0 l\u1ee3i nhu\u1eadn.<\/p>\n\n\n\n
<\/span> 3. Ph\u00e2n t\u00edch T\u00e0i s\u1ea3n v\u00e0 ngu\u1ed3n v\u1ed1n<\/strong><\/span><\/h2>\n\n\n\nPh\u00e2n t\u00edch d\u1ecdc t\u00e0i s\u1ea3n N\u0103m<\/h3>\n\n\n\n\n\n\n\n
Theo d\u00f5i bi\u1ec3u \u0111\u1ed3 tr\u00ean ch\u00fang ta c\u00f3 th\u1ec3 nh\u1eadn ra TSC\u0110 v\u00e0 B\u0110S c\u1ee7a DP3 v\u00e0 TRA chi\u1ebfm t\u1ef7 tr\u1ecdng l\u1edbn nh\u1ea5t trong t\u1ed5ng t\u00e0i s\u1ea3n c\u1ee7a 2 c\u00f4ng ty. Trong khi \u0111\u00f3 v\u1edbi D\u01b0\u1ee3c H\u1eadu Giang th\u00ec t\u1ef7 tr\u1ecdng c\u1ee7a ti\u1ec1n v\u00e0 \u0111\u1ea7u t\u01b0 l\u1ea1i c\u00f3 t\u1ef7 tr\u1ecdng l\u1edbn nh\u1ea5t trong t\u1ed5ng t\u00e0i s\u1ea3n. B\u00ean c\u1ea1nh \u0111\u00f3 ch\u00fang ta c\u0169ng th\u1ea5y l\u01b0\u1ee3ng h\u00e0ng t\u1ed3n kho c\u1ee7a DHG l\u1ea1i th\u1ea5p nh\u1ea5t so v\u1edbi DP3 v\u00e0 TRA m\u1eb7c d\u00f9 D\u01b0\u1ee3c H\u1eadu Giang c\u00f3 quy m\u00f4 l\u1edbn h\u01a1n c\u1ea3.<\/p>\n\n\n\n
Ph\u00e2n t\u00edch d\u1ecdc t\u00e0i s\u1ea3n Qu\u00fd <\/h3>\n\n\n\n\n\n\n\n
Ph\u00e2n t\u00edch d\u1ecdc t\u1eebng qu\u00fd v\u1ec1 t\u00e0i s\u1ea3n, th\u1ea5y r\u1eb1ng t\u1ef7 tr\u1ecdng t\u00e0i s\u1ea3n c\u1ed1 \u0111\u1ecbnh c\u1ee7a DP3 v\u00e0 TRA \u0111\u1ec1u r\u1ea5t cao. \u0110\u1eb7c bi\u1ec7t l\u00e0 \u1edf D\u01b0\u1ee3c Ph\u1ea9m Trung \u01af\u01a1ng 3 c\u00f2n c\u00f3 d\u1ea5u hi\u1ec7u t\u0103ng nhanh v\u00e0o Q4 n\u0103m 2018. D\u01b0\u1ee3c H\u1eadu Giang th\u00ec l\u1ea1i kh\u00e1c C\u00f4ng ty n\u00e0y c\u00f3 t\u1ef7 tr\u1ecdng chi\u1ebfm \u01b0u th\u1ebf l\u00e0 ti\u1ec1n v\u00e0 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 thay v\u00ec TSC\u0110 nh\u01b0 <\/p>\n\n\n\n
Ph\u00e2n t\u00edch d\u1ecdc ngu\u1ed3n v\u1ed1n N\u0103m<\/h3>\n\n\n\n\n\n\n\n
Nh\u00ecn chung t\u1ef7 l\u1ec7 c\u1ea5u th\u00e0nh ch\u1ee7 y\u1ebfu n\u00ean ngu\u1ed3n v\u1ed1n c\u1ee7a c\u1ea3 3 c\u00f4ng ty \u0111\u1ec1u t\u1eeb ngu\u1ed3n hinhd th\u00e0nh t\u1eeb c\u00e1c qu\u1ef9. Sau \u0111\u00f3 ph\u1ea3i k\u1ec3 t\u1edbi ngu\u1ed3n h\u00ecnh th\u00e0nh ngu\u1ed3n v\u1ed1n t\u1eeb v\u1ed1n g\u00f3p ti\u1ebfp n\u1eefa l\u00e0 N\u1ee3 ng\u1eafn h\u1ea1n v\u00e0 cu\u1ed1i c\u00f9ng l\u00e0 m\u1ed9t ph\u1ea7n nh\u1ecf c\u1ee7a n\u1ee3 d\u00e0i h\u1ea1n. T\u1eeb \u0111o ta th\u1ea5y v\u1ed1n g\u00f3p c\u1ee7a 3 c\u00f4ng ty tuy c\u00f3 t\u1ec9 l\u1ec7 kh\u00e1c nhau nh\u01b0ng quy m\u00f4 \u0111\u1ec1u kh\u00e1 gi\u1ed1ng nhau.<\/p>\n\n\n\n
Ph\u00e2n t\u00edch d\u1ecdc ngu\u1ed3n v\u1ed1n theo Qu\u00fd<\/h3>\n\n\n\n\n\n\n\n
Ph\u00e2n t\u00edch d\u1ecdc theo qu\u00fd v\u1ec1 ngu\u1ed3n v\u1ed1n, ta c\u00f3 th\u1ec3 th\u1ea5y DHG v\u00e0 DP3 d\u01b0\u1eddng nh\u01b0 kh\u00f4ng c\u00f3 bi\u1ebft \u0111\u1ed9ng m\u1ea5y v\u1ec1 quy m\u00f4 c\u1ee7a ngu\u1ed3n v\u1ed1n. Ng\u01b0\u1ee3c l\u1ea1i Traphaco l\u1ea1i c\u00f3 s\u1ef1 thay \u0111\u1ed5i v\u1ec1 t\u1ef7 l\u1ec7 gi\u1eefa c\u00e1c ngu\u1ed3n h\u00ecnh th\u00e0nh v\u1ed1n. C\u1ee5 th\u1ec3 c\u00f4ng ty \u0111\u00e3 c\u00f3 s\u1ef1 gi\u1ea3m v\u1ec1 n\u1ee3 d\u00e0i h\u1ea1n v\u00e0 thay v\u00e0o \u0111\u00f3 l\u00e0 s\u1ef1 t\u0103ng l\u00ean c\u1ee7a n\u1ee3 ng\u1eafn h\u1ea1n qua c\u00e1c qu\u00fd.<\/p>\n\n\n\n
Ph\u00e2n t\u00edch ngang t\u00e0i s\u1ea3n N\u0103m<\/h3>\n\n\n\n\n\n\n\n
Nh\u00ecn t\u1ed5ng quan ta th\u1ea5y Traphaco c\u00f3 l\u01b0\u1ee3ng TSC\u0110 cao nh\u1ea5t so v\u1edbi DHG v\u00e0 DP3 trong n\u0103m 2017. Tuy nhi\u00ean t\u1edbi 2018 th\u00ec TSC\u0110 c\u1ee7a c\u00f4ng ty l\u1ea1i gi\u1ea3m m\u1ea1nh b\u1ea5t ng\u1edd. Trong khi \u0111\u00f3 c\u0169ng v\u00e0o 2018 th\u00ec Ti\u1ec1n v\u00e0 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a Traphaco l\u1ea1i t\u0103ng m\u1ea1nh. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 nghi ng\u1edd r\u1eb1ng c\u00f3 th\u1ec3 TRA \u0111\u00e3 b\u00e1n TSC\u0110 v\u00e0 thu v\u1ec1 b\u1eb1ng ti\u1ec1n.<\/p>\n\n\n\n
Ph\u00e2n t\u00edch ngang t\u00e0i s\u1ea3n Qu\u00fd<\/h3>\n\n\n\n\n\n\n\n
C\u1ee5 th\u1ec3 ph\u00e2n t\u00edch theo qu\u00fd v\u1ec1 t\u00e0i s\u1ea3n, ta c\u0169ng v\u1eabn th\u1ea5y s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a TRA l\u00e0 ch\u1ee7 y\u1ebfu di\u1ec5n ra \u1edf m\u1ee5c ti\u1ec1n v\u00e0 TSC\u0110.<\/p>\n\n\n\n
<\/span>4. T\u1ef7 su\u1ea5t sinh l\u1eddi v\u00e0 kh\u1ea3 n\u0103ng thanh to\u00e1n l\u00e3i vay<\/strong><\/span><\/h2>\n\n\n\nT\u1ef7 su\u1ea5t sinh l\u1eddi N\u0103m<\/h3>\n\n\n\n\n\n\n\n
T\u1eeb bi\u1ec3u \u0111\u1ed3 ta c\u00f3 th\u1ec3 th\u1ea5y t\u1ef7 su\u1ea5t sinh l\u1eddi trong n\u0103m 2018 c\u1ee7a DP3 \u1edf c\u00e1c ch\u1ec9 ti\u00eau lu\u00f4n gi\u1eef m\u1ee9c cao nh\u1ea5t. Cho th\u1ea5y t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00f4ng ty r\u1ea5t kh\u1ea3 quan. B\u00ean c\u1ea1nh \u0111\u00f3 Traphaco c\u0169ng kh\u00e1 \u1ea5n t\u01b0\u1ee3ng khi c\u00f3 l\u1ecdi nhu\u1eadn g\u1ed9p\/doanh thu cao h\u01a1n c\u1ea3 DHG trong n\u0103m 2018.<\/p>\n\n\n\n
T\u1ef7 su\u1ea5t sinh l\u1eddi Qu\u00fd<\/h3>\n\n\n\n\n\n\n\n
Ph\u00e2n t\u00edch chi ti\u1ebft v\u00e0o t\u1eebng qu\u00fd ta th\u1ea5y DP3 trong n\u0103m 2018 c\u00f3 l\u1ee3i nhu\u1eadn g\u1ed9p tr\u00ean doanh thu r\u1ea5t \u1ea5n t\u01b0\u1ee3ng, cao nh\u1ea5t trong ng\u00e0nh. Nh\u01b0ng \u1edf c\u00e1c ch\u1ec9 ti\u00eau c\u00f2n l\u1ea1i th\u00ec DP3 l\u1ea1i c\u00f3 m\u1ee9c r\u1ea5t th\u1ea5p th\u1eadp ch\u00ed c\u00f2n \u1edf m\u1ee9c \u00e2m. C\u1ee5 th\u1ec3:<\/p>\n\n\n\n
Kh\u1ea3 n\u0103ng thanh to\u00e1n l\u00e3i vay N\u0103m<\/h3>\n\n\n\n\n\n\n\n
T\u1eeb bi\u1ec3u \u0111\u1ed3 cho ta th\u1ea5y so v\u1edbi DP3 v\u00e0 TRA, th\u00ec c\u00f4ng ty CP D\u01b0\u1ee3c H\u1eadu Giang c\u00f3 kh\u1ea3 n\u0103ng thanh to\u00e1n l\u00e3i vay theo n\u0103m kh\u00e1 \u1ed5n \u0111\u1ecbnh v\u00e0 t\u1ed1t. N\u1ebfu x\u00e9t trong giai \u0111o\u1ea1n 2017-2018 th\u00ec ph\u1ea3i n\u00f3i \u0111\u1ebfn kh\u1ea3 n\u0103ng thanh to\u00e1n t\u0103ng \u1ea5n t\u01b0\u1ee3ng c\u1ee7a DP3. \u0110\u1ed1i l\u1eadp l\u1ea1i v\u1edbi D\u01b0\u1ee3c ph\u1ea9m Trung \u01af\u01a1ng 3 th\u00ec Traphaco l\u1ea1i ho\u00e0n to\u00e0n kh\u00e1c bi\u1ec7t: TRA suy gi\u1ea3m m\u1ea1nh trong giai \u0111o\u1ea1n 2017-2018.<\/p>\n\n\n\n
Kh\u1ea3 n\u0103ng thanh to\u00e1n l\u00e3i vay Qu\u00fd<\/h3>\n\n\n\n\n\n\n\n
\u0110\u00e1nh gi\u00e1 kh\u1ea3 n\u0103ng thanh to\u00e1n, l\u00e3i vay theo qu\u00fd m\u1ed9t c\u00e1ch t\u1ed5ng quan, cho th\u1ea5y kh\u1ea3 n\u0103ng thanh to\u00e1n c\u1ee7a DHG t\u0103ng kh\u00e1 \u1ed5n \u0111\u1ecbnh. Ngo\u1ea1i tr\u1eeb DP3 c\u00f3 kh\u1ea3 n\u0103ng thanh to\u00e1n l\u00e3i b\u1ecb gi\u1ea3m \u0111\u1ed9t ng\u1ed9t v\u00e0 gi\u1ea3m nhi\u1ec1u trong Q4 so v\u1edbi Q3. Th\u00ec DHG v\u00e0 Traphaco \u0111\u1ec1u c\u00f3 kh\u1ea3 n\u0103ng thanh to\u00e1n l\u00e3i vay kh\u00e1 \u1ed5n.<\/p>\n\n\n\n
<\/span>5. Qu\u1ea3n tr\u1ecb v\u1ed1n l\u01b0u \u0111\u1ed9ng<\/strong><\/span><\/h2>\n\n\n\nV\u00f2ng quay ho\u1ea1t \u0111\u1ed9ng N\u0103m<\/h3>\n\n\n\n\n\n\n\n
X\u00e9t v\u1ec1 v\u00f2ng quay v\u1ed1n l\u01b0u \u0111\u1ed9ng n\u0103m th\u00ec d\u01b0\u1ee3c ph\u1ea9m trung \u01b0\u01a1ng 3 l\u1ea1i cho th\u1ea5y kho\u1ea3ng c\u00e1ch kh\u00e1 xa so v\u1edbi D\u01b0\u1ee3c H\u1eadu Giang, v\u00f2ng quay v\u1ed1n l\u01b0u \u0111\u1ed9ng c\u1ee7a DP3 l\u1edbn tuy kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u theo c\u00e1c n\u0103m nh\u01b0ng nh\u01b0ng c\u0169ng ph\u1ea7n n\u00e0o ph\u1ea3n \u00e1nh \u0111\u01b0\u1ee3c t\u1ed1c \u0111\u1ed9 lu\u00e2n chuy\u1ec3n v\u1ed1n c\u1ee7a c\u00f4ng ty \u0111ang c\u00f3 xu h\u01b0\u1edbng t\u0103ng. B\u00ean canh \u0111\u00f3 DHG v\u00e0 TRA l\u1ea1i c\u00f3 v\u00f2ng quay v\u1ed1n bi\u1ebfn \u0111\u1ed9ng \u00edt h\u01a1n nhi\u1ec1u so v\u1edbi DP3. Th\u1eadm ch\u00ed l\u00e0 mang xu h\u01b0\u1edbng b\u1ecb suy gi\u1ea3m v\u1edbi D\u01b0\u1ee3c H\u1eadu Giang.<\/p>\n\n\n\n
V\u00f2ng quay ho\u1ea1t \u0111\u1ed9ng Qu\u00fd<\/h3>\n\n\n\n\n\n\n\n
Nh\u00ecn t\u1ed5ng quan theo c\u00e1c qu\u00fd th\u00ec c\u0169ng th\u1ea5y kh\u1ea3 n\u0103ng quay v\u00f2ng v\u1ed1n c\u1ee7a D\u01b0\u1ee3c ph\u1ea9m trung \u01b0\u01a1ng 3 th\u1ec3 hi\u1ec7n t\u1ed1t h\u01a1n so v\u1edbi hai c\u00f4ng ty c\u00f2n l\u1ea1i. C\u00f3 th\u1ec3 l\u00e0 do \u1ea3nh h\u01b0\u1edfng v\u1ec1 quy m\u00f4 n\u00ean l\u01b0\u1ee3ng h\u00e0ng t\u1ed3n kho c\u1ee7a DHG s\u1ebd nhi\u1ec1u h\u01a1n c\u1ea3. Do \u0111\u00f3 kh\u1ea3 n\u0103ng quay v\u00f2ng v\u1ed1n c\u1ee7a c\u00f4ng ty n\u00e0y s\u1ebd ch\u1eadm h\u01a1n.<\/p>\n\n\n\n
Tuyen CPA.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trong b\u00e0i vi\u1ebft n\u00e0y ch\u00fang ta s\u1ebd c\u00f9ng \u0111\u00e1nh gi\u00e1 c\u00e1c c\u1ed5 phi\u1ebfu ng\u00e0nh d\u01b0\u1ee3c bao g\u1ed3m C\u00f4ng ty c\u1ed5 ph\u1ea7n D\u01b0\u1ee3c ph\u1ea9m Trung \u01af\u01a1ng 3 (DP3), C\u00f4ng ty c\u1ed5 ph\u1ea7n D\u01b0\u1ee3c Traphaco (TRA) v\u00e0 C\u00f4ng ty c\u1ed5 ph\u1ea7n D\u01b0\u1ee3c H\u1eadu Giang (DHG). Ch\u00fang ta s\u1ebd c\u00f9ng xem x\u00e9t c\u00e1c c\u1ed5 phi\u1ebfu n\u00e0y tr\u00ean c\u00e1c […]<\/p>\n","protected":false},"author":4,"featured_media":1192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[94],"tags":[96,100],"yoast_head":"\n
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