Tencent Music Entertainment Group (Tencent Music Entertainment Group) Days Sales Outstanding : 35.52 (As of Dec. 2023)

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What is Tencent Music Entertainment Group Days Sales Outstanding?

Tencent Music Entertainment Group's average Accounts Receivable for the three months ended in Dec. 2023 was $376 Mil. Tencent Music Entertainment Group's Revenue for the three months ended in Dec. 2023 was $965 Mil. Hence, Tencent Music Entertainment Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.52.

The historical rank and industry rank for Tencent Music Entertainment Group's Days Sales Outstanding or its related term are showing as below:

TME' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.91 Med: 33.85 Max: 60.18
Current: 35.06

During the past 8 years, Tencent Music Entertainment Group's highest Days Sales Outstanding was 60.18. The lowest was 25.91. And the median was 33.85.

TME's Days Sales Outstanding is ranked better than
67.02% of 573 companies
in the Interactive Media industry
Industry Median: 45.54 vs TME: 35.06

Tencent Music Entertainment Group's Days Sales Outstanding increased from Dec. 2022 (34.20) to Dec. 2023 (35.52).

Tencent Music Entertainment Group Days Sales Outstanding Historical Data

The historical data trend for Tencent Music Entertainment Group's Days Sales Outstanding 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 Days Sales Outstanding Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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26.61

30.36

37.02

42.64

37.17

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
Days Sales Outstanding	Get a 7-Day Free Trial															34.20	34.92	33.11	34.78	35.52

Competitive Comparison of Tencent Music Entertainment Group's Days Sales Outstanding

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's Days Sales Outstanding Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's Days Sales Outstanding falls into.

Tencent Music Entertainment Group Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Tencent Music Entertainment Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (382.977	+	408.672)	/	2 )	/	3886.726	*	365
=	395.8245					/	3886.726	*	365
=	37.17

Tencent Music Entertainment Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (342.838	+	408.672)	/	2 )	/	965.379	*	365 / 4
=	375.755					/	965.379	*	365 / 4
=	35.52

Tencent Music Entertainment Group (NYSE:TME) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Tencent Music Entertainment Group Days Sales Outstanding Related Terms

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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 » Days Sales Outstanding

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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.