JD.com Inc. (013C) - Net Assets
Based on the latest financial reports, JD.com Inc. (013C) has net assets worth €304.42 Billion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€713.53 Billion) and total liabilities (€409.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €304.42 Billion |
| % of Total Assets | 42.66% |
| Annual Growth Rate | 25.49% |
| 5-Year Change | 41.37% |
| 10-Year Change | N/A |
| Growth Volatility | 44.52 |
JD.com Inc. - Net Assets Trend (2019–2024)
This chart illustrates how JD.com Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JD.com Inc. (2019–2024)
The table below shows the annual net assets of JD.com Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €313.30 Billion | +5.71% |
| 2023-12-31 | €296.38 Billion | +8.12% |
| 2022-12-31 | €274.12 Billion | +11.08% |
| 2021-12-31 | €246.78 Billion | +11.36% |
| 2020-12-31 | €221.62 Billion | +120.24% |
| 2019-12-31 | €100.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to JD.com Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8702651400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €76.57 Billion | 31.99% |
| Other Components | €162.77 Billion | 68.01% |
| Total Equity | €239.35 Billion | 100.00% |
JD.com Inc. Competitors by Market Cap
The table below lists competitors of JD.com Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oil & Natural Gas Corporation Limited
NSE:ONGC
|
$38.47 Billion |
|
Erste Group Bank AG
VI:EBS
|
$38.47 Billion |
|
Marubeni Corporation
F:MAR0
|
$38.53 Billion |
|
Fiserv Inc.
NASDAQ:FISV
|
$38.54 Billion |
|
Westinghouse Air Brake Technologies Corp
NYSE:WAB
|
$38.37 Billion |
|
Hartford Financial Services Group
NYSE:HIG
|
$38.29 Billion |
|
WuXi AppTec Co Ltd
SHG:603259
|
$38.24 Billion |
|
Skandinaviska Enskilda Banken AB (publ)
ST:SEB-A
|
$38.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JD.com Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 231,858,000,000 to 239,347,000,000, a change of 7,489,000,000 (3.2%).
- Net income of 41,359,000,000 contributed positively to equity growth.
- Dividend payments of 8,263,000,000 reduced retained earnings.
- Share repurchases of 25,912,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €41.36 Billion | +17.28% |
| Dividends Paid | €8.26 Billion | -3.45% |
| Share Repurchases | €25.91 Billion | -10.83% |
| Other Changes | €305.00 Million | +0.13% |
| Total Change | €- | 3.23% |
Book Value vs Market Value Analysis
This analysis compares JD.com Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.16x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.48x to 0.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €28.25 | €13.51 | x |
| 2020-12-31 | €60.43 | €13.51 | x |
| 2021-12-31 | €67.16 | €13.51 | x |
| 2022-12-31 | €67.89 | €13.51 | x |
| 2023-12-31 | €73.90 | €13.51 | x |
| 2024-12-31 | €82.45 | €13.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JD.com Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.57%
- • Asset Turnover: 1.66x
- • Equity Multiplier: 2.92x
- Recent ROE (17.28%) is above the historical average (12.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 14.89% | 2.11% | 2.22x | 3.17x | €4.00 Billion |
| 2020 | 26.34% | 6.62% | 1.77x | 2.25x | €30.65 Billion |
| 2021 | -1.70% | -0.37% | 1.92x | 2.38x | €-24.45 Billion |
| 2022 | 4.87% | 0.99% | 1.76x | 2.79x | €-10.95 Billion |
| 2023 | 10.42% | 2.23% | 1.72x | 2.71x | €981.20 Million |
| 2024 | 17.28% | 3.57% | 1.66x | 2.92x | €17.42 Billion |
Industry Comparison
This section compares JD.com Inc.'s net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $2,828,710,572,807
- Average return on equity (ROE) among peers: -13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JD.com Inc. (013C) | €304.42 Billion | 14.89% | 1.34x | $38.44 Billion |
| BUKALAPAK COM TBKPT RP50 (5E9) | $25.33 Trillion | -5.39% | 0.03x | $206.30 Million |
| GIGLIO.COM S.P.A. O.N. (5JR0) | $13.39 Million | -21.41% | 0.90x | $6.29 Million |
| MERCARI INC. (6TP) | $55.66 Billion | 23.56% | 6.52x | $3.48 Billion |
| GIFTEE INC. (84I) | $8.09 Billion | 0.12% | 1.44x | $188.69 Million |
| DESENIO HOLDING AB (879) | $-67.60 Million | 0.00% | 0.00x | $6.43 Million |
| Pinduoduo Inc (9PDA) | $60.18 Billion | -11.93% | 1.64x | $124.36 Billion |
| artnet AG Namens-Aktien o.N. (ART) | $1.47 Million | 43.10% | 2.76x | $64.48 Million |
| Bike24 Holding AG (BIKE) | $124.50 Million | -10.94% | 0.77x | $130.29 Million |
| Delivery Hero SE (DHER) | $1.65 Billion | -139.29% | 5.36x | $6.72 Billion |
About JD.com Inc.
JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China and Europe. It operates through three segments: JD Retail, JD Logistics, and New Businesses. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and… Read more