AB

Profitability Alibaba

GPM

OPM

NPM

Assets to Equity Ratio

ROA

ROE

ROCE

2018

57%

28%

25%

1.64

14%

14.1%

2019

45%

15%

21%

1.57

8%

13%

8%

2020

45%

18%

28%

1.49

11%

16%

9%

2021

41%

13%

20%

1.56

8%

13%

7%

2022

37%

8%

6%

1.57

3%

4%

5%