Vipshop Holdings Limited Net Assets
Vipshop Holdings Limited net assets. Based on the latest financial reports, Vipshop Holdings Limited (VIPS) has net assets worth $44.51 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($79.63 Billion) and total liabilities ($35.12 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. Also explore Vipshop Holdings Limited equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $44.51 Billion |
| % of Total Assets | 55.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | 31.31% |
| 10-Year Change | 668.29% |
| Growth Volatility | 427.56 |
Net Assets of Vipshop Holdings Limited (2008–2025)
Net assets of Vipshop Holdings Limited from 2008 to 2025. This chart illustrates how Vipshop Holdings Limited's net assets have evolved over time, based on quarterly financial data. See VIPS net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Vipshop Holdings Limited (2008–2025)
The table below shows the annual net assets of Vipshop Holdings Limited from 2008 to 2025. For live market cap and overall valuation, see VIPS company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $44.42 Billion | +6.91% |
| 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 | +1685.05% |
| 2012-12-31 | $82.58 Million | -28.15% |
| 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 4859182900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Vipshop Holdings Limited Net Assets Breakdown (December 2025)
Vipshop Holdings Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $48.59 Billion | 118.50% |
| Common Stock | $71.00K | 0.00% |
| Other Comprehensive Income | $-1.21 Billion | -2.94% |
| Total Equity | $41.00 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 |
|---|---|
|
Kite Realty Group Trust
NYSE:KRG
|
$5.18 Billion |
|
China Greatwall Computer Shenzhen Co Ltd
SHE:000066
|
$5.19 Billion |
|
Glanbia PLC
IR:GL9
|
$5.20 Billion |
|
CICT Mobile Communication Technology Co. Ltd. A
SHG:688387
|
$5.20 Billion |
|
WinWay Technology Co. Ltd
TW:6515
|
$5.18 Billion |
|
Mirum Pharmaceuticals Inc
NASDAQ:MIRM
|
$5.18 Billion |
|
Amlogic Shanghai Co Ltd
SHG:688099
|
$5.18 Billion |
|
ViTrox Corporation Bhd
KLSE:0097
|
$5.18 Billion |
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 2024 to 2025, total equity changed from 39,968,813,000 to 41,004,749,000, a change of 1,035,936,000 (2.6%).
- Net income of 7,242,490,000 contributed positively to equity growth.
- Dividend payments of 1,795,384,000 reduced retained earnings.
- Share repurchases of 4,940,778,000 reduced equity.
- Other comprehensive income decreased equity by 398,645,000.
- Other factors increased equity by 928,253,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.24 Billion | +17.66% |
| Dividends Paid | $1.80 Billion | -4.38% |
| Share Repurchases | $4.94 Billion | -12.05% |
| Other Comprehensive Income | $-398.64 Million | -0.97% |
| Other Changes | $928.25 Million | +2.26% |
| Total Change | $- | 2.59% |
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: 0.16x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.00 | $12.88 | x |
| 2009-12-31 | $-0.03 | $12.88 | x |
| 2010-12-31 | $-0.18 | $12.88 | x |
| 2011-12-31 | $0.23 | $12.88 | x |
| 2012-12-31 | $0.19 | $12.88 | x |
| 2013-12-31 | $2.55 | $12.88 | x |
| 2014-12-31 | $4.24 | $12.88 | x |
| 2015-12-31 | $5.89 | $12.88 | x |
| 2016-12-31 | $9.19 | $12.88 | x |
| 2017-12-31 | $22.74 | $12.88 | x |
| 2018-12-31 | $24.65 | $12.88 | x |
| 2019-12-31 | $32.08 | $12.88 | x |
| 2020-12-31 | $41.29 | $12.88 | x |
| 2021-12-31 | $47.04 | $12.88 | x |
| 2022-12-31 | $47.21 | $12.88 | x |
| 2023-12-31 | $65.68 | $12.88 | x |
| 2024-12-31 | $74.12 | $12.88 | x |
| 2025-12-31 | $80.10 | $12.88 | 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): 17.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.84%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 1.92x
- Recent ROE (17.66%) is above the historical average (-21.49%), 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 | -71.59% | -1.37% | 10.81x | 4.83x | $-67.38 Million |
| 2013 | 21.50% | 3.04% | 1.60x | 4.41x | $169.53 Million |
| 2014 | 33.40% | 3.68% | 1.36x | 6.65x | $596.51 Million |
| 2015 | 44.92% | 3.95% | 2.01x | 5.66x | $1.24 Billion |
| 2016 | 35.23% | 3.60% | 2.26x | 4.34x | $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 |
| 2025 | 17.66% | 6.84% | 1.34x | 1.92x | $3.14 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: $3,332,906,995
- Average return on equity (ROE) among peers: -79.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vipshop Holdings Limited (VIPS) | $44.51 Billion | 0.00% | 0.79x | $5.18 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $13.13 Million |
| Amazon.com Inc (AMZN) | $431.00 Million | 44.08% | 9.12x | $2.59 Trillion |
| Beyond, Inc. (BYON) | $5.98 Million | -230.87% | 2.63x | $541.91 Million |
| Baozun Inc (BZUN) | $2.20 Billion | 12.27% | 0.83x | $138.03 Million |
| Maplebear Inc. (CART) | $2.25 Billion | -3.25% | 0.32x | $9.93 Billion |
| Chewy Inc (CHWY) | $14.74 Million | -510.36% | 140.58x | $4.96 Billion |
| Coupang LLC (CPNG) | $4.62 Billion | 4.50% | 2.85x | $23.53 Billion |
| Dada Nexus Ltd (DADA) | $7.03 Billion | -24.26% | 0.36x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $10.05 Billion | 9.31% | 0.96x | $73.22 Billion |
| eBay Inc (EBAY) | $6.73 Billion | 11.56% | 0.19x | $45.53 Billion |
About Vipshop Holdings Limited
Vipshop Holdings Limited operates online platforms in the People's Republic of China. The company operates through Vip.com, Shan Shan Outlets, and Others segments. It provides womenswear, menswear, sportswear and sporting goods, baby and children products, shoes and bags, skincare and cosmetics, home goods and other lifestyle products, and supermarket and other products. The company also engages … Read more