JD.com (JD) Asset Utilization Ratio (2014 - 2026)
JD.com (JD) posted quarterly Asset Utilization Ratio of 1.9 for Q1 2026, up 9.16% year-over-year from 1.74 in Q1 2025, and up 2.75% quarter-over-quarter from 1.85 in Q4 2025.
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Analysis
JD.com (JD) Asset Utilization Ratio (2014 - 2026) Analysis & Trends
JD.com (JD) has reported Asset Utilization Ratio for 13 consecutive years, with 1.9 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 9.16% year-over-year to 1.9; the TTM figure through Mar 2026 stood at 1.9 (up 9.16% YoY), while the FY2025 annual figure was 1.92, up 11.37% from the prior year.
- Asset Utilization Ratio climbed to 1.9 in Q1 2026 per JD's latest filing, from 1.85 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.95 in Q1 2022 and bottomed at 1.7 in Q4 2024.
- Historically, Asset Utilization Ratio has averaged 1.83 across 5 years, with a median of 1.83 in 2025.
- Annual changes were most pronounced in 2023 — Asset Utilization Ratio decreased 5.62% — and 2026, when it climbed 9.16%.
- JD.com's Asset Utilization Ratio stood at 1.87 in 2022, then dropped by 5.62% to 1.77 in 2023, then slipped by 3.81% to 1.7 in 2024, then advanced by 8.87% to 1.85 in 2025, then increased by 2.75% to 1.9 in 2026.
- Business Quant data shows JD's Asset Utilization Ratio at 1.9 in Q1 2026, 1.85 in Q4 2025, and 1.82 in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | 1.38 |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 0.00 |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 0.72 |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | 0.81 |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | 0.89 |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 0.67 |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 3.19 |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | 2.04 |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | 4.41 |
| 10 | Maplebear | 11.75 Bn | 10.90 Bn | 751.00 Mn | 1.13 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.19 |
| Mar 31, 2026 | 3.27 |
| Dec 31, 2025 | 3.22 |
| Sep 30, 2025 | 3.18 |
| Jun 30, 2025 | 3.09 |
| Mar 31, 2025 | 2.95 |
| Dec 31, 2024 | 2.94 |
| Sep 30, 2024 | 3.01 |
| Jun 30, 2024 | 3.01 |
| Mar 31, 2024 | 3.02 |
| Dec 31, 2023 | 2.99 |
| Sep 30, 2023 | 3.01 |
| Jun 30, 2023 | 3.08 |
| Mar 31, 2023 | 3.16 |
| Dec 31, 2022 | 3.11 |
| Sep 30, 2022 | 3.11 |
| Jun 30, 2022 | 3.18 |
| Mar 31, 2022 | 3.24 |
| Dec 31, 2021 | 3.28 |
| Sep 30, 2021 | 3.25 |