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) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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. See Vipshop Holdings Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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 VIPS market cap overview.
| 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 | — |