{"id":5106,"date":"2026-09-09T16:46:19","date_gmt":"2026-09-09T09:46:19","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=5106"},"modified":"2026-09-09T16:46:19","modified_gmt":"2026-09-09T09:46:19","slug":"ebitda-margin-la-gi","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/","title":{"rendered":"\u4ec0\u4e48\u662f EBITDA \u5229\u6da6\u7387\uff1f\u8ba1\u7b97\u516c\u5f0f\u4ee5\u53ca\u5982\u4f55\u6b63\u786e\u89e3\u8bfb\u3002"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBITDA margin l\u00e0 ch\u1ec9 s\u1ed1 \u0111o l\u01b0\u1eddng t\u1ef7 l\u1ec7 l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc l\u00e3i vay, thu\u1ebf, kh\u1ea5u hao h\u1eefu h\u00ecnh v\u00e0 kh\u1ea5u hao v\u00f4 h\u00ecnh tr\u00ean doanh thu thu\u1ea7n, c\u00f4ng c\u1ee5 quen thu\u1ed9c v\u1edbi m\u1ecdi CFO khi \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 sinh l\u1eddi c\u1ed1t l\u00f5i c\u1ee7a doanh nghi\u1ec7p. Nh\u01b0ng v\u1edbi c\u00e1c doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft, hi\u1ec3u \u0111\u00fang ch\u1ec9 s\u1ed1 n\u00e0y kh\u00f4ng ch\u1ec9 ph\u1ee5c v\u1ee5 m\u1ee5c \u0111\u00edch qu\u1ea3n tr\u1ecb m\u00e0 c\u00f2n l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u b\u1eaft bu\u1ed9c tr\u01b0\u1edbc khi b\u01b0\u1edbc v\u00e0o b\u00e0i to\u00e1n kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay theo ng\u01b0\u1ee1ng 30% EBITDA c\u1ee7a <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-255-2026-ND-CP-quan-ly-thue-giao-dich-lien-ket-cua-doanh-nghiep-co-quan-he-lien-ket-713416.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\">. B\u00e0i vi\u1ebft d\u01b0\u1edbi \u0111\u00e2y h\u1ec7 th\u1ed1ng l\u1ea1i c\u00f4ng th\u1ee9c, c\u00e1ch \u0111\u1ecdc ch\u1ec9 s\u1ed1 v\u00e0 m\u1ed1i li\u00ean h\u1ec7\u00a0 v\u1edbi ngh\u0129a v\u1ee5 thu\u1ebf m\u00e0 nhi\u1ec1u k\u1ebf to\u00e1n tr\u01b0\u1edfng v\u1eabn nh\u1ea7m l\u1eabn.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">M\u1ee5c l\u1ee5c<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Vi_sao_EBITDA_margin_la_chi_so_quan_trong_khong_the_bo_qua_trong_nam_2026\" >V\u00ec sao EBITDA margin l\u00e0 ch\u1ec9 s\u1ed1 quan tr\u1ecdng kh\u00f4ng th\u1ec3 b\u1ecf qua trong n\u0103m 2026?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Chi_so_giup_loai_bo_nhieu_tu_cau_truc_von_va_chinh_sach_khau_hao\" >Ch\u1ec9 s\u1ed1 gi\u00fap lo\u1ea1i b\u1ecf nhi\u1ec5u t\u1eeb c\u1ea5u tr\u00fac v\u1ed1n v\u00e0 ch\u00ednh s\u00e1ch kh\u1ea5u hao<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Ba_nhom_chu_the_dac_biet_quan_tam_trong_nam_quyet_toan_2026\" >Ba nh\u00f3m ch\u1ee7 th\u1ec3 \u0111\u1eb7c bi\u1ec7t quan t\u00e2m trong n\u0103m quy\u1ebft to\u00e1n 2026<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Cong_thuc_tinh_EBITDA_margin_va_cach_doc_dung_tung_cau_phan\" >C\u00f4ng th\u1ee9c t\u00ednh EBITDA margin v\u00e0 c\u00e1ch \u0111\u1ecdc \u0111\u00fang t\u1eebng c\u1ea5u ph\u1ea7n<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#EBITDA_margin_theo_goc_do_quan_tri_khac_EBITDA_thue_o_diem_nao\" >EBITDA margin theo g\u00f3c \u0111\u1ed9 qu\u1ea3n tr\u1ecb kh\u00e1c EBITDA thu\u1ebf \u1edf \u0111i\u1ec3m n\u00e0o?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#EBITDA_margin_bao_nhieu_la_tot_Doc_chi_so_theo_nganh_va_theo_giai_doan\" >EBITDA margin bao nhi\u00eau l\u00e0 t\u1ed1t? \u0110\u1ecdc ch\u1ec9 s\u1ed1 theo ng\u00e0nh v\u00e0 theo giai \u0111o\u1ea1n<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#EBITDA_margin_thap_lam_tang_rui_ro_vuot_nguong_30_EBITDA_doi_voi_chi_phi_lai_vay\" >EBITDA margin th\u1ea5p l\u00e0m t\u0103ng r\u1ee7i ro v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA \u0111\u1ed1i v\u1edbi chi ph\u00ed l\u00e3i vay<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Vi_du_minh_hoa_va_lien_he_voi_nguong_30_EBITDA_chi_phi_lai_vay\" >V\u00ed d\u1ee5 minh h\u1ecda v\u00e0 li\u00ean h\u1ec7 v\u1edbi ng\u01b0\u1ee1ng 30% EBITDA chi ph\u00ed l\u00e3i vay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Ba_cach_cai_thien_de_mo_rong_du_dia_chi_phi_lai_vay_duoc_tru\" >Ba c\u00e1ch c\u1ea3i thi\u1ec7n \u0111\u1ec3 m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba chi ph\u00ed l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Ket_luan\" >K\u1ebft lu\u1eadn<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Th\u00f4ng tin li\u00ean h\u1ec7 MAN &#8211; Master Accountant Network<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Cau_hoi_thuong_gap_EBITDA_margin\" >C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p EBITDA margin<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#EBITDA_margin_la_gi_va_khac_gi_voi_bien_loi_nhuan_gop\" >EBITDA margin l\u00e0 g\u00ec v\u00e0 kh\u00e1c g\u00ec v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#EBITDA_margin_cao_co_dong_nghia_voi_viec_khong_phai_lo_nguong_30_EBITDA_khong\" >EBITDA margin cao c\u00f3 \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c kh\u00f4ng ph\u1ea3i lo ng\u01b0\u1ee1ng 30% EBITDA kh\u00f4ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Tinh_EBITDA_margin_co_can_dung_dung_chi_tieu_loi_nhuan_thuan_tu_hoat_dong_kinh_doanh_nhu_khi_tinh_EBITDA_thue_khong\" >T\u00ednh EBITDA margin c\u00f3 c\u1ea7n d\u00f9ng \u0111\u00fang ch\u1ec9 ti\u00eau l\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh nh\u01b0 khi t\u00ednh EBITDA thu\u1ebf kh\u00f4ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Doanh_nghiep_khong_co_giao_dich_lien_ket_co_can_quan_tam_EBITDA_margin_khong\" >Doanh nghi\u1ec7p kh\u00f4ng c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft c\u00f3 c\u1ea7n quan t\u00e2m EBITDA margin kh\u00f4ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/ebitda-margin-la-gi\/#Nen_theo_doi_EBITDA_margin_theo_tan_suat_nao\" >N\u00ean theo d\u00f5i EBITDA margin theo t\u1ea7n su\u1ea5t n\u00e0o?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_EBITDA_margin_la_chi_so_quan_trong_khong_the_bo_qua_trong_nam_2026\"><\/span><b>V\u00ec sao EBITDA margin l\u00e0 ch\u1ec9 s\u1ed1 quan tr\u1ecdng kh\u00f4ng th\u1ec3 b\u1ecf qua trong n\u0103m 2026?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBITDA margin l\u00e0 t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m gi\u1eefa EBITDA v\u1edbi doanh thu thu\u1ea7n trong c\u00f9ng m\u1ed9t k\u1ef3, ph\u1ea3n \u00e1nh kh\u1ea3 n\u0103ng sinh l\u1eddi t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ed1t l\u00f5i tr\u01b0\u1edbc khi b\u1ecb chi ph\u1ed1i b\u1edfi c\u1ea5u tr\u00fac v\u1ed1n, ch\u00ednh s\u00e1ch thu\u1ebf hay ph\u01b0\u01a1ng ph\u00e1p kh\u1ea5u hao c\u1ee7a t\u1eebng doanh nghi\u1ec7p.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">N\u00f3i m\u1ed9t c\u00e1ch d\u1ec5 h\u00ecnh dung, n\u1ebfu doanh thu l\u00e0 &#8220;quy m\u00f4&#8221; th\u00ec EBITDA margin l\u00e0 &#8220;ch\u1ea5t l\u01b0\u1ee3ng&#8221; c\u1ee7a quy m\u00f4 \u0111\u00f3. Hai doanh nghi\u1ec7p c\u00f9ng doanh thu 100 t\u1ef7 \u0111\u1ed3ng nh\u01b0ng m\u1ed9t b\u00ean c\u00f3 EBITDA margin 25%, m\u1ed9t b\u00ean ch\u1ec9 8%, th\u00ec n\u0103ng l\u1ef1c t\u1ea1o ti\u1ec1n m\u1eb7t t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a hai b\u00ean kh\u00e1c nhau ho\u00e0n to\u00e0n, d\u00f9 b\u00e1o c\u00e1o l\u1ee3i nhu\u1eadn sau thu\u1ebf tr\u00ean s\u1ed5 s\u00e1ch c\u00f3 th\u1ec3 t\u01b0\u01a1ng \u0111\u1ed3ng nh\u1edd c\u00e1c b\u00fat to\u00e1n kh\u1ea5u hao ho\u1eb7c chi ph\u00ed l\u00e3i vay kh\u00e1c nhau.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Chi_so_giup_loai_bo_nhieu_tu_cau_truc_von_va_chinh_sach_khau_hao\"><\/span><b>Ch\u1ec9 s\u1ed1 gi\u00fap lo\u1ea1i b\u1ecf nhi\u1ec5u t\u1eeb c\u1ea5u tr\u00fac v\u1ed1n v\u00e0 ch\u00ednh s\u00e1ch kh\u1ea5u hao<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">L\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi r\u1ea5t nhi\u1ec1u bi\u1ebfn s\u1ed1 kh\u00f4ng ph\u1ea3n \u00e1nh b\u1ea3n ch\u1ea5t ho\u1ea1t \u0111\u1ed9ng kinh doanh nh\u01b0 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh cao hay th\u1ea5p, ph\u01b0\u01a1ng ph\u00e1p kh\u1ea5u hao nhanh hay ch\u1eadm, \u01b0u \u0111\u00e3i thu\u1ebf thu nh\u1eadp doanh nghi\u1ec7p theo t\u1eebng \u0111\u1ecba b\u00e0n hay l\u0129nh v\u1ef1c.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ch\u1ec9 s\u1ed1 lo\u1ea1i b\u1ecf to\u00e0n b\u1ed9 c\u00e1c bi\u1ebfn s\u1ed1, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0, ng\u00e2n h\u00e0ng v\u00e0 c\u01a1 quan qu\u1ea3n l\u00fd so s\u00e1nh hi\u1ec7u qu\u1ea3 v\u1eadn h\u00e0nh gi\u1eefa c\u00e1c doanh nghi\u1ec7p c\u00f9ng ng\u00e0nh m\u1ed9t c\u00e1ch c\u00f4ng b\u1eb1ng h\u01a1n.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ba_nhom_chu_the_dac_biet_quan_tam_trong_nam_quyet_toan_2026\"><\/span><b>Ba nh\u00f3m ch\u1ee7 th\u1ec3 \u0111\u1eb7c bi\u1ec7t quan t\u00e2m trong n\u0103m quy\u1ebft to\u00e1n 2026<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ng\u00e2n h\u00e0ng v\u00e0 t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng d\u00f9ng ch\u1ec9 s\u1ed1 n\u00e0y nh\u01b0 m\u1ed9t ti\u00eau ch\u00ed x\u00e9t duy\u1ec7t h\u1ea1n m\u1ee9c vay v\u00e0 \u0111\u1ecbnh gi\u00e1 l\u00e3i su\u1ea5t, bi\u00ean EBITDA c\u00e0ng \u1ed5n \u0111\u1ecbnh, m\u1ee9c \u0111\u1ed9 r\u1ee7i ro t\u00edn d\u1ee5ng c\u00e0ng th\u1ea5p.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 b\u00ean nh\u1eadn chuy\u1ec3n nh\u01b0\u1ee3ng v\u1ed1n d\u00f9ng EBITDA margin \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p theo ph\u01b0\u01a1ng ph\u00e1p b\u1ed9i s\u1ed1 (EV\/EBITDA), trong \u0111\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn l\u00e0 c\u0103n c\u1ee9 tr\u1ef1c ti\u1ebfp \u0111\u1ec3 so s\u00e1nh v\u1edbi doanh nghi\u1ec7p c\u00f9ng ng\u00e0nh.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">K\u1ebf to\u00e1n tr\u01b0\u1edfng v\u00e0 b\u1ed9 ph\u1eadn thu\u1ebf c\u1ee7a doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft c\u1ea7n EBITDA margin nh\u01b0 b\u01b0\u1edbc \u0111\u1ec7m \u0111\u1ec3 hi\u1ec3u c\u1ea5u ph\u1ea7n EBITDA tr\u01b0\u1edbc khi t\u00ednh EBITDA thu\u1ebf, ch\u1ec9 ti\u00eau n\u1ec1n t\u1ea3ng c\u1ee7a ng\u01b0\u1ee1ng kh\u1ed1ng ch\u1ebf 30% chi ph\u00ed l\u00e3i vay theo Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP, v\u1ed1n c\u00f3 hi\u1ec7u l\u1ef1c thi h\u00e0nh t\u1eeb ng\u00e0y 01\/7\/2026 v\u00e0 \u00e1p d\u1ee5ng ngay t\u1eeb k\u1ef3 t\u00ednh thu\u1ebf thu nh\u1eadp doanh nghi\u1ec7p n\u0103m 2026.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_EBITDA_margin_va_cach_doc_dung_tung_cau_phan\"><\/span><b>C\u00f4ng th\u1ee9c t\u00ednh EBITDA margin v\u00e0 c\u00e1ch \u0111\u1ecdc \u0111\u00fang t\u1eebng c\u1ea5u ph\u1ea7n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5108\" aria-describedby=\"caption-attachment-5108\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5108\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-thuc-tinh-EBITDA-margin-va-cach-doc-chuan.jpg\" alt=\"C\u00f4ng th\u1ee9c t\u00ednh EBITDA margin v\u00e0 c\u00e1ch \u0111\u1ecdc \u0111\u00fang t\u1eebng c\u1ea5u ph\u1ea7n\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-thuc-tinh-EBITDA-margin-va-cach-doc-chuan.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-thuc-tinh-EBITDA-margin-va-cach-doc-chuan-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-thuc-tinh-EBITDA-margin-va-cach-doc-chuan-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-thuc-tinh-EBITDA-margin-va-cach-doc-chuan-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-thuc-tinh-EBITDA-margin-va-cach-doc-chuan-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5108\" class=\"wp-caption-text\">C\u00f4ng th\u1ee9c t\u00ednh EBITDA margin v\u00e0 c\u00e1ch \u0111\u1ecdc \u0111\u00fang t\u1eebng c\u1ea5u ph\u1ea7n<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBITDA margin \u0111\u01b0\u1ee3c t\u00ednh theo c\u00f4ng th\u1ee9c:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">EBITDA margin (%) = (EBITDA \/ Doanh thu thu\u1ea7n) x100%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Trong \u0111\u00f3 EBITDA \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh theo c\u00f4ng th\u1ee9c:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = L\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf + Chi ph\u00ed l\u00e3i vay + Chi ph\u00ed kh\u1ea5u hao t\u00e0i s\u1ea3n h\u1eefu h\u00ecnh + Chi ph\u00ed kh\u1ea5u hao t\u00e0i s\u1ea3n v\u00f4 h\u00ecnh<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">C\u00f3 th\u1ec3 \u00e1p d\u1ee5ng c\u00e1ch t\u00ednh gi\u00e1n ti\u1ebfp, xu\u1ea5t ph\u00e1t t\u1eeb l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng (EBIT) r\u1ed3i c\u1ed9ng ng\u01b0\u1ee3c l\u1ea1i kh\u1ea5u hao:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = EBIT + Kh\u1ea5u hao t\u00e0i s\u1ea3n h\u1eefu h\u00ecnh + Kh\u1ea5u hao t\u00e0i s\u1ea3n v\u00f4 h\u00ecnh<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u0110\u1ec3 vi\u1ec7c t\u00ednh EBITDA margin \u0111\u01b0\u1ee3c nh\u1ea5t qu\u00e1n v\u00e0 c\u00f3 th\u1ec3 \u0111\u1ed1i chi\u1ebfu qua nhi\u1ec1u k\u1ef3, doanh nghi\u1ec7p n\u00ean tham kh\u1ea3o h\u01b0\u1edbng d\u1eabn chi ti\u1ebft v\u1ec1<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/cong-thuc-tinh-ebitda\/\"> c\u00f4ng th\u1ee9c t\u00ednh EBITDA<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u0111\u1ec3 chu\u1ea9n h\u00f3a c\u00e1ch l\u1ea5y s\u1ed1 li\u1ec7u t\u1eeb B\u00e1o c\u00e1o k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng kinh doanh, tr\u00e1nh t\u00ecnh tr\u1ea1ng m\u1ed7i k\u1ef3 b\u00e1o c\u00e1o m\u1ed9t c\u00e1ch t\u00ednh kh\u00e1c nhau.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_margin_theo_goc_do_quan_tri_khac_EBITDA_thue_o_diem_nao\"><\/span><b>EBITDA margin theo g\u00f3c \u0111\u1ed9 qu\u1ea3n tr\u1ecb kh\u00e1c EBITDA thu\u1ebf \u1edf \u0111i\u1ec3m n\u00e0o?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u0110\u00e2y l\u00e0 nh\u1ea7m l\u1eabn ph\u1ed5 bi\u1ebfn nh\u1ea5t khi doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft chuy\u1ec3n t\u1eeb vi\u1ec7c \u0111\u1ecdc ch\u1ec9 s\u1ed1 qu\u1ea3n tr\u1ecb sang t\u00ednh to\u00e1n ngh\u0129a v\u1ee5 thu\u1ebf. Theo g\u00f3c \u0111\u1ed9 qu\u1ea3n tr\u1ecb th\u00ec ch\u1ec9 s\u1ed1 n\u00e0y th\u01b0\u1eddng xu\u1ea5t ph\u00e1t t\u1eeb l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf v\u00e0 kh\u00f4ng ph\u00e2n bi\u1ec7t l\u00e3i vay g\u1ed9p hay l\u00e3i vay thu\u1ea7n.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Trong khi \u0111\u00f3, EBITDA ph\u1ee5c v\u1ee5 t\u00ednh ng\u01b0\u1ee1ng kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay theo kho\u1ea3n 3 \u0110i\u1ec1u 16 Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP l\u1ea1i xu\u1ea5t ph\u00e1t t\u1eeb l\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh, ch\u1ec9 ti\u00eau \u0111\u00e3 bao g\u1ed3m doanh thu v\u00e0 chi ph\u00ed t\u00e0i ch\u00ednh nh\u01b0ng ch\u01b0a bao g\u1ed3m thu nh\u1eadp kh\u00e1c, chi ph\u00ed kh\u00e1c v\u00e0 c\u1ed9ng v\u00e0o \u0111\u00f3 l\u00e0 chi ph\u00ed l\u00e3i vay sau khi tr\u1eeb l\u00e3i ti\u1ec1n g\u1eedi, l\u00e3i cho vay ph\u00e1t sinh trong k\u1ef3, c\u00f9ng v\u1edbi chi ph\u00ed kh\u1ea5u hao ph\u00e1t sinh trong k\u1ef3.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">S\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0 k\u1ef9 thu\u1eadt t\u00ednh to\u00e1n. Doanh nghi\u1ec7p c\u00f3 thu nh\u1eadp kh\u00e1c l\u1edbn (v\u00ed d\u1ee5 l\u00e3i thanh l\u00fd t\u00e0i s\u1ea3n c\u1ed1 \u0111\u1ecbnh) s\u1ebd th\u1ea5y EBITDA margin qu\u1ea3n tr\u1ecb v\u00e0 EBITDA thu\u1ebf l\u1ec7ch nhau \u0111\u00e1ng k\u1ec3, d\u1eabn \u0111\u1ebfn vi\u1ec7c \u01b0\u1edbc t\u00ednh sai d\u01b0 \u0111\u1ecba \u0111\u01b0\u1ee3c tr\u1eeb chi ph\u00ed l\u00e3i vay n\u1ebfu \u00e1p nh\u1ea7m ch\u1ec9 ti\u00eau.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_margin_bao_nhieu_la_tot_Doc_chi_so_theo_nganh_va_theo_giai_doan\"><\/span><b>EBITDA margin bao nhi\u00eau l\u00e0 t\u1ed1t? \u0110\u1ecdc ch\u1ec9 s\u1ed1 theo ng\u00e0nh v\u00e0 theo giai \u0111o\u1ea1n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5109\" aria-describedby=\"caption-attachment-5109\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5109\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/EBITDA-margin-bao-nhieu-la-tot-va-doc-chi-so-theo-nganh.jpg\" alt=\"EBITDA margin bao nhi\u00eau l\u00e0 t\u1ed1t v\u00e0 \u0111\u1ecdc ch\u1ec9 s\u1ed1 theo ng\u00e0nh\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/EBITDA-margin-bao-nhieu-la-tot-va-doc-chi-so-theo-nganh.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/EBITDA-margin-bao-nhieu-la-tot-va-doc-chi-so-theo-nganh-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/EBITDA-margin-bao-nhieu-la-tot-va-doc-chi-so-theo-nganh-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/EBITDA-margin-bao-nhieu-la-tot-va-doc-chi-so-theo-nganh-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/09\/EBITDA-margin-bao-nhieu-la-tot-va-doc-chi-so-theo-nganh-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5109\" class=\"wp-caption-text\">EBITDA margin bao nhi\u00eau l\u00e0 t\u1ed1t v\u00e0 \u0111\u1ecdc ch\u1ec9 s\u1ed1 theo ng\u00e0nh<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Kh\u00f4ng c\u00f3 m\u1ed9t con s\u1ed1 chu\u1ea9n \u0111\u1ec3 \u00e1p d\u1ee5ng cho m\u1ecdi ng\u00e0nh. Doanh nghi\u1ec7p s\u1ea3n xu\u1ea5t th\u00e2m d\u1ee5ng v\u1ed1n th\u01b0\u1eddng dao \u0111\u1ed9ng trong kho\u1ea3ng 15 &#8211; 25%, trong khi doanh nghi\u1ec7p c\u00f4ng ngh\u1ec7 ho\u1eb7c d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh c\u00f3 th\u1ec3 \u0111\u1ea1t bi\u00ean EBITDA tr\u00ean 30 &#8211; 40% do \u00edt chi ph\u00ed gi\u00e1 v\u1ed1n c\u1ed1 \u0111\u1ecbnh. Doanh nghi\u1ec7p th\u01b0\u01a1ng m\u1ea1i, ph\u00e2n ph\u1ed1i c\u00f3 ch\u1ec9 s\u1ed1 th\u1ea5p h\u01a1n, dao \u0111\u1ed9ng 5 &#8211; 10%, do \u0111\u1eb7c th\u00f9 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p m\u1ecfng.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u0110i\u1ec1u quan tr\u1ecdng h\u01a1n con s\u1ed1 tuy\u1ec7t \u0111\u1ed1i l\u00e0 xu h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng c\u1ee7a EBITDA margin qua nhi\u1ec1u k\u1ef3. N\u1ebfu ch\u1ec9 s\u1ed1 s\u1ee5t gi\u1ea3m li\u00ean t\u1ee5c d\u00f9 doanh thu v\u1eabn t\u0103ng th\u01b0\u1eddng l\u00e0 d\u1ea5u hi\u1ec7u chi ph\u00ed v\u1eadn h\u00e0nh \u0111ang t\u0103ng nhanh h\u01a1n doanh thu, ho\u1eb7c doanh nghi\u1ec7p \u0111ang trong giai \u0111o\u1ea1n \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng khi\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn t\u1ea1m th\u1eddi co l\u1ea1i.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_margin_thap_lam_tang_rui_ro_vuot_nguong_30_EBITDA_doi_voi_chi_phi_lai_vay\"><\/span><b>EBITDA margin th\u1ea5p l\u00e0m t\u0103ng r\u1ee7i ro v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA \u0111\u1ed1i v\u1edbi chi ph\u00ed l\u00e3i vay<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u0110\u00e2y l\u00e0 m\u1ed1i li\u00ean h\u1ec7 m\u00e0 kh\u00f4ng nhi\u1ec1u k\u1ebf to\u00e1n tr\u01b0\u1edfng nh\u1eadn ra ngay: doanh nghi\u1ec7p c\u00f3 ch\u1ec9 s\u1ed1 th\u1ea5p, t\u1ee9c l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc l\u00e3i vay, thu\u1ebf, kh\u1ea5u hao ch\u1ec9 chi\u1ebfm t\u1ef7 tr\u1ecdng nh\u1ecf trong doanh thu s\u1ebd c\u00f3 m\u1eabu s\u1ed1 EBITDA thu\u1ebf nh\u1ecf h\u01a1n t\u01b0\u01a1ng \u1ee9ng, k\u00e9o theo ng\u01b0\u1ee1ng \u0111\u01b0\u1ee3c tr\u1eeb chi ph\u00ed l\u00e3i vay (b\u1eb1ng 30% EBITDA thu\u1ebf) c\u0169ng nh\u1ecf theo.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">V\u1edbi c\u00f9ng m\u1ed9t quy m\u00f4 vay v\u1ed1n t\u1eeb b\u00ean li\u00ean k\u1ebft, doanh nghi\u1ec7p c\u00f3 ch\u1ec9 s\u1ed1 n\u00e0y th\u1ea5p s\u1ebd d\u1ec5 r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng ph\u1ea7n<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/chi-phi-lai-vay-giao-dich-lien-ket\/\"> chi ph\u00ed l\u00e3i vay giao d\u1ecbch li\u00ean k\u1ebft<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> v\u01b0\u1ee3t ng\u01b0\u1ee1ng h\u01a1n so v\u1edbi doanh nghi\u1ec7p c\u00f9ng quy m\u00f4 vay nh\u01b0ng c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn t\u1ed1t h\u01a1n.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">N\u00f3i c\u00e1ch kh\u00e1c, \u0111\u1ec3 c\u1ea3i thi\u1ec7n EBITDA margin kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ee5c ti\u00eau qu\u1ea3n tr\u1ecb l\u1ee3i nhu\u1eadn th\u00f4ng th\u01b0\u1eddng m\u00e0 c\u00f2n tr\u1ef1c ti\u1ebfp m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba \u0111\u01b0\u1ee3c tr\u1eeb chi ph\u00ed l\u00e3i vay khi t\u00ednh thu\u1ebf thu nh\u1eadp doanh nghi\u1ec7p, m\u1ed9t l\u1ee3i \u00edch k\u00e9p m\u00e0 b\u1ed9 ph\u1eadn t\u00e0i ch\u00ednh c\u1ea7n \u0111\u01b0a v\u00e0o b\u00e0i to\u00e1n ho\u1ea1ch \u0111\u1ecbnh v\u1ed1n ngay t\u1eeb \u0111\u1ea7u n\u0103m.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa_va_lien_he_voi_nguong_30_EBITDA_chi_phi_lai_vay\"><\/span><b>V\u00ed d\u1ee5 minh h\u1ecda v\u00e0 li\u00ean h\u1ec7 v\u1edbi ng\u01b0\u1ee1ng 30% EBITDA chi ph\u00ed l\u00e3i vay<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Gi\u1ea3 s\u1eed: C\u00f4ng ty B l\u00e0 doanh nghi\u1ec7p s\u1ea3n xu\u1ea5t, c\u00f3 giao d\u1ecbch vay v\u1ed1n v\u1edbi c\u00f4ng ty m\u1eb9 \u1edf n\u01b0\u1edbc ngo\u00e0i c\u00f3 s\u1ed1 li\u1ec7u k\u1ef3 t\u00ednh thu\u1ebf 2026 nh\u01b0 sau:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Ch\u1ec9 ti\u00eau<\/b><\/td>\n<td style=\"text-align: center;\"><b>S\u1ed1 ti\u1ec1n (t\u1ef7 \u0111\u1ed3ng)<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Doanh thu thu\u1ea7n<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">400\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">L\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh\u00a0<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">40<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Chi ph\u00ed l\u00e3i vay thu\u1ea7n (\u0111\u00e3 tr\u1eeb l\u00e3i ti\u1ec1n g\u1eedi, l\u00e3i cho vay)<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">32<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Chi ph\u00ed kh\u1ea5u hao trong k\u1ef3<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">8<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><b>B\u01b0\u1edbc 1: T\u00ednh EBITDA v\u00e0 EBITDA margin<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">X\u00e1c \u0111\u1ecbnh EBITDA:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = 40 + 32 + 8 = 80 t\u1ef7 \u0111\u1ed3ng<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">X\u00e1c \u0111\u1ecbnh EBITDA margin:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">EBITDA margin (%) = (80 \/ 400) x 100% = 20%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">V\u1edbi bi\u00ean EBITDA 20%, C\u00f4ng ty B n\u1eb1m trong d\u1ea3i trung b\u00ecnh c\u1ee7a ng\u00e0nh s\u1ea3n xu\u1ea5t, m\u1ed9t t\u00edn hi\u1ec7u t\u00edch c\u1ef1c khi l\u00e0m vi\u1ec7c v\u1edbi ng\u00e2n h\u00e0ng ho\u1eb7c tr\u00ecnh b\u00e0y v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>B\u01b0\u1edbc 2: \u0110\u1ed1i chi\u1ebfu v\u1edbi ng\u01b0\u1ee1ng 30% EBITDA<\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EBITDA thu\u1ebf = 40 + 32 + 8 = 80 t\u1ef7 \u0111\u1ed3ng (tr\u00f9ng v\u1edbi EBITDA qu\u1ea3n tr\u1ecb trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y v\u00ec kh\u00f4ng c\u00f3 thu nh\u1eadp kh\u00e1c \u0111\u00e1ng k\u1ec3)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ng\u01b0\u1ee1ng \u0111\u01b0\u1ee3c tr\u1eeb = 30% \u00d7 80 = 24 t\u1ef7 \u0111\u1ed3ng<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ph\u1ea7n v\u01b0\u1ee3t b\u1ecb lo\u1ea1i = 32 \u2212 24 = 8 t\u1ef7 \u0111\u1ed3ng<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>K\u1ebft qu\u1ea3 cho th\u1ea5y:<\/b><span style=\"font-weight: 400;\"> D\u00f9 ch\u1ec9 s\u1ed1 20% l\u00e0 con s\u1ed1 qu\u1ea3n tr\u1ecb trong ng\u01b0\u1ee1ng an to\u00e0n, doanh nghi\u1ec7p v\u1eabn ph\u00e1t sinh 8 t\u1ef7 \u0111\u1ed3ng<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/chi-phi-lai-vay-khong-duoc-tru\/\"> chi ph\u00ed l\u00e3i vay kh\u00f4ng \u0111\u01b0\u1ee3c tr\u1eeb<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> do c\u1ea5u tr\u00fac vay qu\u00e1 l\u1edbn so v\u1edbi quy m\u00f4 EBITDA. \u0110\u00e2y ch\u00ednh l\u00e0 l\u00fd do m\u1ed9t ch\u1ec9 s\u1ed1 EBITDA margin t\u1ed1t kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c doanh nghi\u1ec7p mi\u1ec5n nhi\u1ec5m v\u1edbi r\u1ee7i ro kh\u1ed1ng ch\u1ebf chi ph\u00ed l\u00e3i vay, hai b\u00e0i to\u00e1n c\u1ea7n \u0111\u01b0\u1ee3c nh\u00ecn song song, kh\u00f4ng th\u1ec3 ch\u1ec9 d\u1ef1a v\u00e0o m\u1ed9t ch\u1ec9 s\u1ed1 duy nh\u1ea5t.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">N\u1ebfu C\u00f4ng ty B mu\u1ed1n bi\u1ebft c\u00e1ch x\u1eed l\u00fd ph\u1ea7n 8 t\u1ef7 \u0111\u1ed3ng b\u1ecb lo\u1ea1i n\u00e0y, bao g\u1ed3m quy\u1ec1n chuy\u1ec3n ti\u1ebfp sang c\u00e1c k\u1ef3 sau v\u00e0 nh\u1eefng \u0111i\u1ec1u ki\u1ec7n \u0111i k\u00e8m, doanh nghi\u1ec7p c\u1ea7n tham kh\u1ea3o quy tr\u00ecnh \u0111\u1ea7y \u0111\u1ee7 t\u1ea1i b\u00e0i vi\u1ebft chuy\u00ean s\u00e2u v\u1ec1<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/xu-ly-tien-lai-vay-vuot-nguong-30-ebitda\/\"> x\u1eed l\u00fd ti\u1ec1n l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA<\/a><\/span><\/strong><span style=\"font-weight: 400;\">, trong \u0111\u00f3 n\u00eau r\u00f5 th\u1eddi h\u1ea1n chuy\u1ec3n ti\u1ebfp li\u00ean t\u1ee5c kh\u00f4ng qu\u00e1 05 n\u0103m theo \u0111i\u1ec3m b kho\u1ea3n 3 \u0110i\u1ec1u 16 Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ba_cach_cai_thien_de_mo_rong_du_dia_chi_phi_lai_vay_duoc_tru\"><\/span><b>Ba c\u00e1ch c\u1ea3i thi\u1ec7n \u0111\u1ec3 m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba chi ph\u00ed l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Th\u1ee9 nh\u1ea5t, t\u1ed1i \u01b0u c\u01a1 c\u1ea5u chi ph\u00ed v\u1eadn h\u00e0nh tr\u01b0\u1edbc khi t\u00ednh \u0111\u1ebfn t\u00e1i c\u1ea5u tr\u00fac v\u1ed1n. R\u00e0 so\u00e1t chi ph\u00ed gi\u00e1 v\u1ed1n h\u00e0ng b\u00e1n v\u00e0 chi ph\u00ed b\u00e1n h\u00e0ng, qu\u1ea3n l\u00fd doanh nghi\u1ec7p \u0111\u1ec3 lo\u1ea1i b\u1ecf c\u00e1c kho\u1ea3n chi kh\u00f4ng hi\u1ec7u qu\u1ea3 l\u00e0 c\u00e1ch tr\u1ef1c ti\u1ebfp nh\u1ea5t n\u00e2ng EBITDA margin m\u00e0 kh\u00f4ng c\u1ea7n thay \u0111\u1ed5i c\u1ea5u tr\u00fac vay.<\/p>\n<p style=\"text-align: justify;\">Th\u1ee9 hai, c\u00e2n \u0111\u1ed1i l\u1ea1i t\u1ef7 tr\u1ecdng n\u1ee3 vay v\u00e0 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. Khi ch\u1ec9 s\u1ed1 \u0111\u00e3 \u1edf m\u1ee9c h\u1ee3p l\u00fd nh\u01b0ng chi ph\u00ed l\u00e3i vay v\u1eabn v\u01b0\u1ee3t ng\u01b0\u1ee1ng do quy m\u00f4 vay qu\u00e1 l\u1edbn, doanh nghi\u1ec7p c\u1ea7n xem x\u00e9t chuy\u1ec3n m\u1ed9t ph\u1ea7n kho\u1ea3n vay n\u1ed9i b\u1ed9 th\u00e0nh v\u1ed1n g\u00f3p \u0111\u1ec3 gi\u1ea3m \u00e1p l\u1ef1c l\u00ean m\u1eabu s\u1ed1 c\u1ee7a ph\u00e9p t\u00ednh ng\u01b0\u1ee1ng 30% EBITDA.<\/p>\n<p style=\"text-align: justify;\">Th\u1ee9 ba, theo d\u00f5i ch\u1ec9 s\u1ed1 theo t\u1eebng qu\u00fd thay v\u00ec ch\u1ec9 ch\u1ed1t v\u00e0o cu\u1ed1i n\u0103m. Bi\u00ean l\u1ee3i nhu\u1eadn bi\u1ebfn \u0111\u1ed9ng theo m\u00f9a v\u1ee5 khi\u1ebfn vi\u1ec7c ch\u1ec9 nh\u00ecn s\u1ed1 li\u1ec7u c\u1ea3 n\u0103m d\u1ec5 b\u1ecf s\u00f3t giai \u0111o\u1ea1n EBITDA thu h\u1eb9p,\u00a0 \u0111\u00fang l\u00fac doanh nghi\u1ec7p ph\u00e1t sinh kho\u1ea3n vay l\u1edbn t\u1eeb b\u00ean li\u00ean k\u1ebft l\u00e0m t\u0103ng r\u1ee7i ro v\u01b0\u1ee3t ng\u01b0\u1ee1ng c\u1ee5c b\u1ed9 m\u00e0 kh\u00f4ng \u0111\u01b0\u1ee3c nh\u1eadn di\u1ec7n s\u1edbm.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>K\u1ebft lu\u1eadn<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBITDA margin l\u00e0 ch\u1ec9 s\u1ed1 n\u1ec1n t\u1ea3ng gi\u00fap doanh nghi\u1ec7p nh\u00ecn th\u1ea5y s\u1ee9c kh\u1ecfe sinh l\u1eddi c\u1ed1t l\u00f5i, t\u00e1ch b\u1ea1ch kh\u1ecfi \u1ea3nh h\u01b0\u1edfng c\u1ee7a c\u1ea5u tr\u00fac v\u1ed1n v\u00e0 ch\u00ednh s\u00e1ch kh\u1ea5u hao. Nh\u01b0ng v\u1edbi doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft, ch\u1ec9 s\u1ed1 kh\u00f4ng d\u1eebng l\u1ea1i \u1edf vai tr\u00f2 m\u1ed9t ch\u1ec9 s\u1ed1 qu\u1ea3n tr\u1ecb, m\u00e0 c\u00f2n l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u \u0111\u1ec3 hi\u1ec3u EBITDA thu\u1ebf, t\u1eeb \u0111\u00f3 x\u00e1c \u0111\u1ecbnh \u0111\u00fang d\u01b0 \u0111\u1ecba \u0111\u01b0\u1ee3c tr\u1eeb chi ph\u00ed l\u00e3i vay theo ng\u01b0\u1ee1ng 30% EBITDA c\u1ee7a Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">M\u1ed9t doanh nghi\u1ec7p c\u00f3 EBITDA margin t\u1ed1t v\u1eabn c\u00f3 th\u1ec3 v\u01b0\u1ee3t ng\u01b0\u1ee1ng n\u1ebfu quy m\u00f4 vay t\u1eeb b\u00ean li\u00ean k\u1ebft qu\u00e1 l\u1edbn so v\u1edbi EBITDA. Ng\u01b0\u1ee3c l\u1ea1i, hi\u1ec3u v\u00e0 c\u1ea3i thi\u1ec7n \u0111\u00fang l\u1ea1i ch\u00ednh l\u00e0 c\u00f4ng c\u1ee5 h\u1ee3p ph\u00e1p \u0111\u1ec3 m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba chi ph\u00ed l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb khi t\u00ednh thu\u1ebf.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">N\u1ebfu doanh nghi\u1ec7p \u0111ang c\u1ea7n r\u00e0 so\u00e1t l\u1ea1i c\u00e1ch t\u00ednh, c\u0169ng nh\u01b0 \u0111\u1ed1i chi\u1ebfu v\u1edbi EBITDA thu\u1ebf v\u00e0 \u0111\u00e1nh gi\u00e1 r\u1ee7i ro v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA cho k\u1ef3 2026, \u0111\u1ed9i ng\u0169 chuy\u00ean gia giao d\u1ecbch li\u00ean k\u1ebft c\u1ee7a MAN &#8211; Master Accountant Network s\u1eb5n s\u00e0ng \u0111\u1ed3ng h\u00e0nh c\u00f9ng doanh nghi\u1ec7p tr\u01b0\u1edbc khi s\u1ed1 li\u1ec7u \u0111\u01b0\u1ee3c kh\u00f3a s\u1ed5.<\/span><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/giaodichlienket.man.net.vn\/lien-he\/\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\">Li\u00ean h\u1ec7 MAN &#8211; Master Accountant Network<\/span><\/strong><\/span><\/a><span style=\"font-weight: 400;\"> \u0111\u1ec3 \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 v\u00e0 t\u01b0 v\u1ea5n mi\u1ec5n ph\u00ed!<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Th\u00f4ng tin li\u00ean h\u1ec7 MAN &#8211; Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0110\u1ecba ch\u1ec9:<\/b><span style=\"font-weight: 400;\"> S\u1ed1 19A, \u0110\u01b0\u1eddng 43, Ph\u01b0\u1eddng T\u00e2n Thu\u1eadn, TP. H\u1ed3 Ch\u00ed Minh<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile\/Zalo:<\/b><span style=\"font-weight: 400;\"> 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Email:<\/b><span style=\"font-weight: 400;\"> man@man.net.vn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Google Business Profile:<\/b> <a href=\"https:\/\/share.google\/EmihzHg354pCASC9k\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\">Xem Google Business Profile c\u1ee7a MAN \u2013 Master Accountant Network<\/span><\/strong>\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>LinkedIn Founder:<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.linkedin.com\/in\/tuy%C3%AAn-l%C3%AA-ho%C3%A0ng-65292aa0\/\" rel=\"nofollow noopener\" target=\"_blank\">Xem h\u1ed3 s\u01a1 LinkedIn c\u1ee7a chuy\u00ean gia L\u00ea Ho\u00e0ng Tuy\u00ean\u00a0<\/a><\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ph\u1ee5 tr\u00e1ch s\u1ea3n xu\u1ea5t v\u00e0 ki\u1ec3m duy\u1ec7t n\u1ed9i dung chuy\u00ean m\u00f4n b\u1edfi: \u00d4ng <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">L\u00ea Ho\u00e0ng Tuy\u00ean \u2013 S\u00e1ng l\u1eadp vi\u00ean (Founder) &amp; CEO MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\">. \u00d4ng l\u00e0 Ki\u1ec3m to\u00e1n vi\u00ean CPA Vi\u1ec7t Nam v\u1edbi h\u01a1n 30 n\u0103m kinh nghi\u1ec7m s\u00e2u s\u1eafc trong l\u0129nh v\u1ef1c K\u1ebf to\u00e1n, Ki\u1ec3m to\u00e1n, Thu\u1ebf v\u00e0 T\u01b0 v\u1ea5n Ph\u00e1p l\u00fd doanh nghi\u1ec7p.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_EBITDA_margin\"><\/span><b>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p EBITDA margin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"EBITDA_margin_la_gi_va_khac_gi_voi_bien_loi_nhuan_gop\"><\/span>EBITDA margin l\u00e0 g\u00ec v\u00e0 kh\u00e1c g\u00ec v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tEBITDA margin l\u00e0 t\u1ef7 l\u1ec7 EBITDA tr\u00ean doanh thu thu\u1ea7n, ph\u1ea3n \u00e1nh hi\u1ec7u qu\u1ea3 sinh l\u1eddi sau khi tr\u1eeb to\u00e0n b\u1ed9 chi ph\u00ed v\u1eadn h\u00e0nh nh\u01b0ng tr\u01b0\u1edbc l\u00e3i vay, thu\u1ebf v\u00e0 kh\u1ea5u hao. Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p ch\u1ec9 ph\u1ea3n \u00e1nh ch\u00eanh l\u1ec7ch gi\u1eefa doanh thu v\u00e0 gi\u00e1 v\u1ed1n h\u00e0ng b\u00e1n, ch\u01b0a lo\u1ea1i tr\u1eeb chi ph\u00ed b\u00e1n h\u00e0ng v\u00e0 qu\u1ea3n l\u00fd doanh nghi\u1ec7p, n\u00ean hai ch\u1ec9 s\u1ed1 ph\u1ee5c v\u1ee5 m\u1ee5c \u0111\u00edch ph\u00e2n t\u00edch kh\u00e1c nhau.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"EBITDA_margin_cao_co_dong_nghia_voi_viec_khong_phai_lo_nguong_30_EBITDA_khong\"><\/span>EBITDA margin cao c\u00f3 \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c kh\u00f4ng ph\u1ea3i lo ng\u01b0\u1ee1ng 30% EBITDA kh\u00f4ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tKh\u00f4ng ho\u00e0n to\u00e0n. EBITDA margin cao gi\u00fap m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba \u0111\u01b0\u1ee3c tr\u1eeb chi ph\u00ed l\u00e3i vay nh\u01b0ng n\u1ebfu quy m\u00f4 vay v\u1ed1n t\u1eeb b\u00ean li\u00ean k\u1ebft qu\u00e1 l\u1edbn so v\u1edbi EBITDA, doanh nghi\u1ec7p v\u1eabn c\u00f3 th\u1ec3 ph\u00e1t sinh ph\u1ea7n chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA theo kho\u1ea3n 3 \u0110i\u1ec1u 16 Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Tinh_EBITDA_margin_co_can_dung_dung_chi_tieu_loi_nhuan_thuan_tu_hoat_dong_kinh_doanh_nhu_khi_tinh_EBITDA_thue_khong\"><\/span>T\u00ednh EBITDA margin c\u00f3 c\u1ea7n d\u00f9ng \u0111\u00fang ch\u1ec9 ti\u00eau l\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh nh\u01b0 khi t\u00ednh EBITDA thu\u1ebf kh\u00f4ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tV\u1ec1 m\u1eb7t qu\u1ea3n tr\u1ecb, doanh nghi\u1ec7p c\u00f3 th\u1ec3 d\u00f9ng l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf \u0111\u1ec3 t\u00ednh EBITDA margin nhanh. Nh\u01b0ng khi ph\u1ee5c v\u1ee5 t\u00ednh ng\u01b0\u1ee1ng 30% EBITDA theo quy \u0111\u1ecbnh thu\u1ebf, doanh nghi\u1ec7p b\u1eaft bu\u1ed9c ph\u1ea3i xu\u1ea5t ph\u00e1t t\u1eeb l\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh v\u00e0 chi ph\u00ed l\u00e3i vay thu\u1ea7n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o \u0111\u00fang c\u0103n c\u1ee9 ph\u00e1p l\u00fd.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Doanh_nghiep_khong_co_giao_dich_lien_ket_co_can_quan_tam_EBITDA_margin_khong\"><\/span>Doanh nghi\u1ec7p kh\u00f4ng c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft c\u00f3 c\u1ea7n quan t\u00e2m EBITDA margin kh\u00f4ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tC\u00f3. EBITDA margin v\u1eabn l\u00e0 ch\u1ec9 s\u1ed1 quan tr\u1ecdng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 kinh doanh, ph\u1ee5c v\u1ee5 \u0111\u1ecbnh gi\u00e1, vay v\u1ed1n ng\u00e2n h\u00e0ng v\u00e0 so s\u00e1nh v\u1edbi \u0111\u1ed1i th\u1ee7 c\u00f9ng ng\u00e0nh, kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o vi\u1ec7c doanh nghi\u1ec7p c\u00f3 ph\u00e1t sinh giao d\u1ecbch li\u00ean k\u1ebft hay kh\u00f4ng.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t        <section class=\"sc_fs_faq sc_card \">\n            <div>\n\t\t\t\t<h3><span class=\"ez-toc-section\" id=\"Nen_theo_doi_EBITDA_margin_theo_tan_suat_nao\"><\/span>N\u00ean theo d\u00f5i EBITDA margin theo t\u1ea7n su\u1ea5t n\u00e0o?<span class=\"ez-toc-section-end\"><\/span><\/h3>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tDoanh nghi\u1ec7p c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft ho\u1eb7c \u0111ang c\u00f3 k\u1ebf ho\u1ea1ch vay v\u1ed1n l\u1edbn n\u00ean theo d\u00f5i EBITDA margin theo qu\u00fd \u0111\u1ec3 ph\u00e1t hi\u1ec7n s\u1edbm giai \u0111o\u1ea1n bi\u00ean l\u1ee3i nhu\u1eadn thu h\u1eb9p, t\u1eeb \u0111\u00f3 ch\u1ee7 \u0111\u1ed9ng \u0111i\u1ec1u ch\u1ec9nh k\u1ebf ho\u1ea1ch vay tr\u01b0\u1edbc khi ph\u00e1t sinh r\u1ee7i ro v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA v\u00e0o cu\u1ed1i k\u1ef3 quy\u1ebft to\u00e1n.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\t\n<script type=\"application\/ld+json\">\n    {\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"EBITDA margin l\u00e0 g\u00ec v\u00e0 kh\u00e1c g\u00ec v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"EBITDA margin l\u00e0 t\u1ef7 l\u1ec7 EBITDA tr\u00ean doanh thu thu\u1ea7n, ph\u1ea3n \u00e1nh hi\u1ec7u qu\u1ea3 sinh l\u1eddi sau khi tr\u1eeb to\u00e0n b\u1ed9 chi ph\u00ed v\u1eadn h\u00e0nh nh\u01b0ng tr\u01b0\u1edbc l\u00e3i vay, thu\u1ebf v\u00e0 kh\u1ea5u hao. 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EBITDA margin cao gi\u00fap m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba \u0111\u01b0\u1ee3c tr\u1eeb chi ph\u00ed l\u00e3i vay nh\u01b0ng n\u1ebfu quy m\u00f4 vay v\u1ed1n t\u1eeb b\u00ean li\u00ean k\u1ebft qu\u00e1 l\u1edbn so v\u1edbi EBITDA, doanh nghi\u1ec7p v\u1eabn c\u00f3 th\u1ec3 ph\u00e1t sinh ph\u1ea7n chi ph\u00ed l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA theo kho\u1ea3n 3 \u0110i\u1ec1u 16 Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"T\u00ednh EBITDA margin c\u00f3 c\u1ea7n d\u00f9ng \u0111\u00fang ch\u1ec9 ti\u00eau l\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh nh\u01b0 khi t\u00ednh EBITDA thu\u1ebf kh\u00f4ng?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"V\u1ec1 m\u1eb7t qu\u1ea3n tr\u1ecb, doanh nghi\u1ec7p c\u00f3 th\u1ec3 d\u00f9ng l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf \u0111\u1ec3 t\u00ednh EBITDA margin nhanh. Nh\u01b0ng khi ph\u1ee5c v\u1ee5 t\u00ednh ng\u01b0\u1ee1ng 30% EBITDA theo quy \u0111\u1ecbnh thu\u1ebf, doanh nghi\u1ec7p b\u1eaft bu\u1ed9c ph\u1ea3i xu\u1ea5t ph\u00e1t t\u1eeb l\u1ee3i nhu\u1eadn thu\u1ea7n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh v\u00e0 chi ph\u00ed l\u00e3i vay thu\u1ea7n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o \u0111\u00fang c\u0103n c\u1ee9 ph\u00e1p l\u00fd.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Doanh nghi\u1ec7p kh\u00f4ng c\u00f3 giao d\u1ecbch li\u00ean k\u1ebft c\u00f3 c\u1ea7n quan t\u00e2m EBITDA margin kh\u00f4ng?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"C\u00f3. 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Nh\u01b0ng v\u1edbi c\u00e1c doanh nghi\u1ec7p c\u00f3 giao d\u1ecbch [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/5106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/comments?post=5106"}],"version-history":[{"count":1,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/5106\/revisions"}],"predecessor-version":[{"id":5110,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/5106\/revisions\/5110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media\/5107"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media?parent=5106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/categories?post=5106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/tags?post=5106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}