Coupang (CPNG) Asset Utilization Ratio (2021 - 2026)
Coupang (CPNG) recorded quarterly Asset Utilization Ratio of 2.0 in Q1 2026, up 5.39% on a QoQ basis from 1.89 in Q4 2025, and up 0.7% year-over-year from 1.98 in Q1 2025.
Coupang (CPNG) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
Coupang has disclosed Asset Utilization Ratio across 6 years of filings, most recently posting 2.0 for Q1 2026.
- Quarterly Asset Utilization Ratio rose 0.7% year-over-year to 2.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.0 (up 0.7% YoY) and the FY2025 annual result came in at 2.08, down 1.2% from the prior year.
- Asset Utilization Ratio advanced to 2.0 in Q1 2026, from 1.89 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 2.46 in Q3 2022 and troughed at 1.8 in Q2 2024.
- A 5-year average of 2.04 and a median of 1.98 in 2025 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio climbed 27.59% — and 2024, when it dropped 17.91%.
- Tracing CPNG's Asset Utilization Ratio over 5 years: stood at 2.33 in 2022, then fell by 16.11% to 1.96 in 2023, then fell by 2.42% to 1.91 in 2024, then retreated by 0.83% to 1.89 in 2025, then increased by 5.39% to 2.0 in 2026.
- Business Quant data shows CPNG's Asset Utilization Ratio at 2.0 in Q1 2026, 1.89 in Q4 2025, and 1.84 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 0.79 |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 0.71 |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 0.75 |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 0.00 |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 0.66 |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 2.00 |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | 2,865.04 |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 4.01 |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 1.07 |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 3.85 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.00 |
| Dec 31, 2025 | 1.89 |
| Sep 30, 2025 | 1.84 |
| Jun 30, 2025 | 1.91 |
| Mar 31, 2025 | 1.98 |
| Dec 31, 2024 | 1.91 |
| Sep 30, 2024 | 1.83 |
| Jun 30, 2024 | 1.80 |
| Mar 31, 2024 | 1.82 |
| Dec 31, 2023 | 1.96 |
| Sep 30, 2023 | 2.08 |
| Jun 30, 2023 | 2.16 |
| Mar 31, 2023 | 2.21 |
| Dec 31, 2022 | 2.33 |
| Sep 30, 2022 | 2.46 |
| Jun 30, 2022 | 2.32 |
| Mar 31, 2022 | 2.23 |
| Dec 31, 2021 | 2.14 |
| Sep 30, 2021 | 2.00 |
| Jun 30, 2021 | 1.82 |