Vipshop Holdings Limited
Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company provides womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products. It also provides internet f… Read more
Vipshop Holdings Limited (VIPS) - Net Assets
Latest net assets as of September 2025: $43.79 Billion USD
Based on the latest financial reports, Vipshop Holdings Limited (VIPS) has net assets worth $43.79 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($78.33 Billion) and total liabilities ($34.54 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 | $43.79 Billion |
| % of Total Assets | 55.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | 41.39% |
| 10-Year Change | 1049.91% |
| Growth Volatility | 95.47 |
Vipshop Holdings Limited - Net Assets Trend (2008–2024)
This chart illustrates how Vipshop Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vipshop Holdings Limited (2008–2024)
The table below shows the annual net assets of Vipshop Holdings Limited from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $41.55 Billion | +7.75% |
| 2023-12-31 | $38.56 Billion | +13.17% |
| 2022-12-31 | $34.07 Billion | +0.72% |
| 2021-12-31 | $33.83 Billion | +15.12% |
| 2020-12-31 | $29.39 Billion | +32.07% |
| 2019-12-31 | $22.25 Billion | +29.28% |
| 2018-12-31 | $17.21 Billion | +20.77% |
| 2017-12-31 | $14.25 Billion | +146.47% |
| 2016-12-31 | $5.78 Billion | +60.02% |
| 2015-12-31 | $3.61 Billion | +33.95% |
| 2014-12-31 | $2.70 Billion | +82.98% |
| 2013-12-31 | $1.47 Billion | +185.99% |
| 2012-12-31 | $515.47 Million | +348.44% |
| 2011-12-31 | $114.95 Million | +271.39% |
| 2010-12-31 | $-67.07 Million | -533.71% |
| 2009-12-31 | $-10.58 Million | -- |
| 2008-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vipshop Holdings Limited'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 4290618800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $42.91 Billion | 107.35% |
| Common Stock | $75.00K | 0.00% |
| Other Comprehensive Income | $-807.39 Million | -2.02% |
| Total Equity | $39.97 Billion | 100.00% |
Vipshop Holdings Limited Competitors by Market Cap
The table below lists competitors of Vipshop Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Netmarble Games Corp
KO:251270
|
$961.51 Million |
|
ID Logistics SAS
F:1ID
|
$961.68 Million |
|
China South Publishing & Media Group Co Ltd
SHG:601098
|
$961.90 Million |
|
Kunming Chuan Jin Nuo Chemical Co Ltd
SHE:300505
|
$962.05 Million |
|
Nordic American Tankers Limited
NYSE:NAT
|
$961.35 Million |
|
Brigade Enterprises Limited
NSE:BRIGADE
|
$961.22 Million |
|
Collegium Pharmaceutical Inc
NASDAQ:COLL
|
$961.17 Million |
|
PROG HOLDINGS A DL-50
F:AZD
|
$960.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vipshop Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,961,404,000 to 39,968,813,000, a change of 3,007,409,000 (8.1%).
- Net income of 7,739,935,000 contributed positively to equity growth.
- Dividend payments of 1,684,721,000 reduced retained earnings.
- Share repurchases of 3,865,781,000 reduced equity.
- Other comprehensive income decreased equity by 111,805,000.
- Other factors increased equity by 929,781,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.74 Billion | +19.36% |
| Dividends Paid | $1.68 Billion | -4.22% |
| Share Repurchases | $3.87 Billion | -9.67% |
| Other Comprehensive Income | $-111.81 Million | -0.28% |
| Other Changes | $929.78 Million | +2.33% |
| Total Change | $- | 8.14% |
Book Value vs Market Value Analysis
This analysis compares Vipshop Holdings Limited'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: 0.21x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.00 | $15.90 | x |
| 2009-12-31 | $-0.03 | $15.90 | x |
| 2010-12-31 | $-0.18 | $15.90 | x |
| 2011-12-31 | $0.23 | $15.90 | x |
| 2012-12-31 | $1.16 | $15.90 | x |
| 2013-12-31 | $2.55 | $15.90 | x |
| 2014-12-31 | $4.24 | $15.90 | x |
| 2015-12-31 | $5.89 | $15.90 | x |
| 2016-12-31 | $9.11 | $15.90 | x |
| 2017-12-31 | $22.74 | $15.90 | x |
| 2018-12-31 | $24.65 | $15.90 | x |
| 2019-12-31 | $32.08 | $15.90 | x |
| 2020-12-31 | $41.29 | $15.90 | x |
| 2021-12-31 | $47.04 | $15.90 | x |
| 2022-12-31 | $47.21 | $15.90 | x |
| 2023-12-31 | $65.68 | $15.90 | x |
| 2024-12-31 | $74.12 | $15.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vipshop Holdings Limited 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): 19.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.14%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 1.87x
- Recent ROE (19.36%) is above the historical average (-20.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | -49.23% | 1.02x | 0.00x | $-8.37 Million |
| 2010 | 0.00% | -25.68% | 1.90x | 0.00x | $-48.78 Million |
| 2011 | -586.53% | -47.23% | 1.36x | 9.15x | $-685.70 Million |
| 2012 | -11.47% | -1.37% | 1.73x | 4.83x | $-110.67 Million |
| 2013 | 21.50% | 3.08% | 1.58x | 4.41x | $169.53 Million |
| 2014 | 33.40% | 3.64% | 1.38x | 6.65x | $596.51 Million |
| 2015 | 44.92% | 3.95% | 2.01x | 5.66x | $1.24 Billion |
| 2016 | 35.53% | 3.60% | 2.26x | 4.38x | $1.46 Billion |
| 2017 | 13.64% | 2.67% | 1.92x | 2.66x | $520.20 Million |
| 2018 | 12.33% | 2.52% | 1.94x | 2.52x | $402.61 Million |
| 2019 | 18.40% | 4.32% | 1.91x | 2.23x | $1.83 Billion |
| 2020 | 20.73% | 5.80% | 1.73x | 2.07x | $3.06 Billion |
| 2021 | 14.34% | 4.00% | 1.88x | 1.91x | $1.42 Billion |
| 2022 | 19.23% | 6.11% | 1.58x | 2.00x | $3.02 Billion |
| 2023 | 21.96% | 7.19% | 1.56x | 1.96x | $4.42 Billion |
| 2024 | 19.36% | 7.14% | 1.45x | 1.87x | $3.74 Billion |
Industry Comparison
This section compares Vipshop Holdings Limited's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $63,280,359,031
- Average return on equity (ROE) among peers: -555.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vipshop Holdings Limited (VIPS) | $43.79 Billion | 0.00% | 0.79x | $961.46 Million |
| Antiaging Quantum Living Inc. (AAQL) | $60.47K | -97.75% | 1.17x | $206.17K |
| Design Milk Co Limited (AHAHF) | $6.95 Million | 0.00% | 0.05x | $116.11 Million |
| Allegro.eu SA (ALEGF) | $8.09 Billion | 5.18% | 0.87x | $5.26 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $44.57K |
| Amazon.com Inc (AMZN) | $7.76 Billion | 8.13% | 2.26x | $2.10 Trillion |
| artnet AG (ARTZF) | $1.70 Million | 41.01% | 2.39x | $8.91 Million |
| Waitr Holdings Inc (ASAPQ) | $5.40 Million | -5391.56% | 32.12x | $135.00 |
| ASOS Plc (ASOMF) | $866.70 Million | -25.74% | 2.03x | $125.44 Million |
| Alibaba Group Holding Ltd (BABA) | $615.40 Billion | 14.28% | 0.57x | $371.78 Billion |
| Bluestem Group Inc (BGRP) | $673.25 Million | 2.11% | 1.46x | $94.73 |