Tencent Music Entertainment Group (Tencent Music Entertainment Group) Gross Profit : $1,375 Mil (TTM As of Dec. 2023)

Tencent Music Entertainment Group Gross Profit Chart

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
Gross Profit	Get a 7-Day Free Trial															350.99	335.95	348.68	320.91	369.88

Competitive Comparison of Tencent Music Entertainment Group's Gross Profit

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the Interactive Media Industry

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

* The bar in red indicates where Tencent Music Entertainment Group's Gross Profit falls into.

Tencent Music Entertainment Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Tencent Music Entertainment Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Tencent Music Entertainment Group's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,375 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Tencent Music Entertainment Group's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Tencent Music Entertainment Group  (NYSE:TME) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Tencent Music Entertainment Group had a gross margin of 38.31% for the quarter that ended in Dec. 2023 => Competition eroding margins

Tencent Music Entertainment Group Gross Profit Related Terms

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