Tencent Music Entertainment Group (Tencent Music Entertainment Group) Accounts Payable & Accrued Expense : $1,239 Mil (As of Dec. 2023)

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What is Tencent Music Entertainment Group Accounts Payable & Accrued Expense?

Tencent Music Entertainment Group's quarterly accounts payable & accrued expense declined from Jun. 2023 ($1,242 Mil) to Sep. 2023 ($1,198 Mil) but then increased from Sep. 2023 ($1,198 Mil) to Dec. 2023 ($1,239 Mil).

Tencent Music Entertainment Group's annual accounts payable & accrued expense increased from Dec. 2021 ($1,320 Mil) to Dec. 2022 ($1,332 Mil) but then declined from Dec. 2022 ($1,332 Mil) to Dec. 2023 ($1,239 Mil).

Tencent Music Entertainment Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tencent Music Entertainment Group's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tencent Music Entertainment Group Accounts Payable & Accrued Expense Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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944.01

1,191.11

1,319.61

1,331.81

1,239.18

Tencent Music Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,331.81	1,238.01	1,241.80	1,198.29	1,239.18

Tencent Music Entertainment Group Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.