Vipshop Holdings Limited (VIPS) — Tangible Net Worth Ratio
Vipshop Holdings Limited (VIPS) has a Tangible Net Worth Ratio of 75.3% as of September 2025. This metric is calculated by deducting intangible assets ($10.80 Billion) from net assets ($43.79 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Vipshop Holdings Limited (VIPS) net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vipshop Holdings Limited Tangible Net Worth Ratio (2011–2024)
This chart shows how Vipshop Holdings Limited's Tangible Net Worth Ratio has changed across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 75.3%, reflecting net assets of $43.79 Billion with intangible assets of $10.80 Billion USD. Also explore VIPS year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vipshop Holdings Limited (2011–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Vipshop Holdings Limited from 2011 to 2024, covering 14 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of Vipshop Holdings Limited.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 73.5% | $41.55 Billion | $11.01 Billion | $74.94 Billion | ▲ +0.6 pp |
| 2023 | 72.9% | $38.56 Billion | $10.47 Billion | $72.32 Billion | ▼ -3.7 pp |
| 2022 | 76.6% | $34.07 Billion | $7.98 Billion | $65.48 Billion | ▼ -2.9 pp |
| 2021 | 79.5% | $33.83 Billion | $6.93 Billion | $62.29 Billion | ▲ +1.7 pp |
| 2020 | 77.8% | $29.39 Billion | $6.52 Billion | $58.94 Billion | ▲ +4.5 pp |
| 2019 | 73.3% | $22.25 Billion | $5.95 Billion | $48.58 Billion | ▼ -1.8 pp |
| 2018 | 75.0% | $17.21 Billion | $4.30 Billion | $43.56 Billion | ▲ +0.2 pp |
| 2017 | 74.8% | $14.25 Billion | $3.59 Billion | $37.98 Billion | ▲ +28.9 pp |
| 2016 | 46.0% | $5.78 Billion | $3.12 Billion | $25.09 Billion | ▼ -27.6 pp |
| 2015 | 73.6% | $3.61 Billion | $955.23 Million | $20.04 Billion | ▲ +15.1 pp |
| 2014 | 58.4% | $2.70 Billion | $1.12 Billion | $16.95 Billion | ▼ -39.4 pp |
| 2013 | 97.8% | $1.47 Billion | $32.09 Million | $6.50 Billion | ▼ -2.2 pp |
| 2012 | 100.0% | $515.47 Million | $0.00 | $2.49 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | $114.95 Million | $0.00 | $1.05 Billion | — |