Tencent Music Entertainment Group (Tencent Music Entertainment Group) Gross-Profit-to-Asset % : 14.38% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Tencent Music Entertainment Group Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Tencent Music Entertainment Group's annualized Gross Profit for the quarter that ended in Dec. 2023 was $1,480 Mil. Tencent Music Entertainment Group's average Total Assets over the quarter that ended in Dec. 2023 was $10,288 Mil. Therefore, Tencent Music Entertainment Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.38%.

Tencent Music Entertainment Group Gross-Profit-to-Asset % Historical Data

The historical data trend for Tencent Music Entertainment Group's Gross-Profit-to-Asset % 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.

* Premium members only.

Tencent Music Entertainment Group Gross-Profit-to-Asset % Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

Get a 7-Day Free Trial

17.68

15.85

14.06

12.48

13.59

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-to-Asset %	Get a 7-Day Free Trial															14.68	13.68	13.84	12.76	14.38

Competitive Comparison of Tencent Music Entertainment Group's Gross-Profit-to-Asset %

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

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

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

Tencent Music Entertainment Group Gross-Profit-to-Asset % Calculation

Tencent Music Entertainment Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	1371.81	/	( (9611.573	+	10578.975)	/ 2 )
	=	1371.81	/	10095.274
	=	13.59 %

Tencent Music Entertainment Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	1479.512	/	( (9996.848	+	10578.975)	/ 2 )
	=	1479.512	/	10287.9115
	=	14.38 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Tencent Music Entertainment Group Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Tencent Music Entertainment Group's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Gross-Profit-to-Asset %

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.