ZKH Group Limited Net Assets
ZKH Group Limited net assets. Based on the latest financial reports, ZKH Group Limited (ZKH) has net assets worth $2.91 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 ($6.26 Billion) and total liabilities ($3.36 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 ZKH shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.91 Billion |
| % of Total Assets | 46.41% |
| Annual Growth Rate | -0.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 86.37 |
Net Assets of ZKH Group Limited (2020–2025)
Net assets of ZKH Group Limited from 2020 to 2025. This chart illustrates how ZKH Group Limited's net assets have evolved over time, based on quarterly financial data. See how leveraged is ZKH Group Limited's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for ZKH Group Limited (2020–2025)
The table below shows the annual net assets of ZKH Group Limited from 2020 to 2025. For live market cap and overall valuation, see ZKH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $3.10 Billion | -3.52% |
| 2024-09-30 | $3.21 Billion | 0.00% |
| 2023-09-30 | $3.21 Billion | +178.97% |
| 2022-09-30 | $-4.07 Billion | -47.02% |
| 2021-09-30 | $-2.77 Billion | -184.95% |
| 2020-09-30 | $3.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ZKH Group 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 decreased by 370267700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
ZKH Group Limited Net Assets Breakdown (September 2025)
ZKH Group Limited net assets breakdown by equity component as of September 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00K | 0.00% |
| Other Comprehensive Income | $4.76 Million | 0.15% |
| Other Components | $8.26 Billion | 266.73% |
| Total Equity | $3.10 Billion | 100.00% |
ZKH Group Limited Competitors by Market Cap
The table below lists competitors of ZKH Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lyell Immunopharma Inc
NASDAQ:LYEL
|
$215.40 Million |
|
Spectral Med Inc
TO:EDT
|
$215.43 Million |
|
Paramount Communications Limited
NSE:PARACABLES
|
$215.49 Million |
|
Tah Hsin Industrial Corp
TW:1315
|
$215.49 Million |
|
Mastersystem Infotama Tbk.
JK:MSTI
|
$215.23 Million |
|
Arkade Developers Ltd
NSE:ARKADE
|
$215.18 Million |
|
Sol Gel Technologies Ltd
NASDAQ:SLGL
|
$215.07 Million |
|
Indoco Remedies Limited
NSE:INDOCO
|
$214.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZKH Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,211,419,000 to 3,098,491,000, a change of -112,928,000 (-3.5%).
- Net loss of 268,043,000 reduced equity.
- Share repurchases of 40,757,000 reduced equity.
- Other comprehensive income increased equity by 23,905,000.
- Other factors increased equity by 171,967,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-268.04 Million | -8.65% |
| Share Repurchases | $40.76 Million | -1.32% |
| Other Comprehensive Income | $23.91 Million | +0.77% |
| Other Changes | $171.97 Million | +5.55% |
| Total Change | $- | -3.52% |
Book Value vs Market Value Analysis
This analysis compares ZKH Group 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: 0.09x
- 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 |
|---|---|---|---|
| 2020-09-30 | $25.06 | $1.66 | x |
| 2021-09-30 | $-19.97 | $1.66 | x |
| 2022-09-30 | $-26.88 | $1.66 | x |
| 2023-09-30 | $18.38 | $1.66 | x |
| 2024-09-30 | $19.80 | $1.66 | x |
| 2025-09-30 | $18.91 | $1.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZKH Group 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): -8.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.06%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 2.13x
- Recent ROE (-8.65%) is above the historical average (-10.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -12.39% | -8.57% | 0.84x | 1.72x | $-726.09 Million |
| 2021 | 0.00% | -14.66% | 1.29x | 0.00x | $-845.50 Million |
| 2022 | 0.00% | -8.85% | 1.22x | 0.00x | $-328.61 Million |
| 2023 | -30.03% | -11.06% | 1.18x | 2.30x | $-1.29 Billion |
| 2024 | -9.48% | -3.49% | 1.18x | 2.30x | $-625.46 Million |
| 2025 | -8.65% | -3.06% | 1.33x | 2.13x | $-577.89 Million |
Industry Comparison
This section compares ZKH Group Limited's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $6,199,037,692
- Average return on equity (ROE) among peers: -12.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZKH Group Limited (ZKH) | $2.91 Billion | -12.39% | 1.15x | $215.29 Million |
| Winamp Group SA (ALPET) | $3.19 Million | -19.36% | 0.11x | $13.13 Million |
| Amazon.com Inc (AMZN) | $62.06 Billion | 18.67% | 2.63x | $2.65 Trillion |
| Beyond, Inc. (BYON) | $172.12 Million | -63.84% | 1.52x | $541.91 Million |
| Baozun Inc (BZUN) | $321.47 Million | -14.69% | 0.45x | $138.03 Million |
| Maplebear Inc. (CART) | $1.58 Billion | -4.44% | 0.33x | $9.93 Billion |
| Chewy Inc (CHWY) | $-335.94 Million | 0.00% | 0.00x | $5.19 Billion |
| Coupang LLC (CPNG) | $4.10 Billion | 3.75% | 2.74x | $24.07 Billion |
| Dada Nexus Ltd (DADA) | $-7.19 Billion | 0.00% | 0.00x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $1.18 Billion | -56.43% | 0.47x | $77.75 Billion |
| eBay Inc (EBAY) | $100.50 Million | 7.26% | 0.49x | $45.53 Billion |
About ZKH Group Limited
ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People's Republic of China. It offers equipment parts, including pump valve fittings, low voltage electrical, electric automation, wire and cable, fastening seal, pneumatics… Read more