• Vipshop Holdings average price to free cash flow ratio for 2023 was 14.31, a 25.75% decline from 2022.
• Vipshop Holdings average price to free cash flow ratio for 2022 was 11.38, a 79.5% increase from 2021.
• Vipshop Holdings average price to free cash flow ratio for 2021 was 6.34, a 53.89% increase from 2020.

Price to free cash flow ratio can be defined as