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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Tencent Music Entertainment Group's Revenue for the
three
months ended in Mar. 2026 was $1,146 Mil. Tencent Music Entertainment Group's average Accounts Receivable for the
three
months ended in Mar. 2026 was $555 Mil.
Hence, Tencent Music Entertainment Group's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.07.
Tencent Music Entertainment Group (NYSE:TME) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Tencent Music Entertainment Group Receivables Turnover Related Terms
Tencent Music Entertainment Group Receivables Turnover Historical Data
* 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.
Tencent Music Entertainment Group Receivables Turnover Chart
TME vs PINS, MTCH, SNAP: Receivables Turnover Comparison
For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Tencent Music Entertainment Group's Receivables Turnover falls into.
* 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.
Tencent Music Entertainment Group (TME) has a Receivables Turnover of 2.07 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Tencent Music Entertainment Group and its competitors. According to the industry distribution chart, Tencent Music Entertainment Group ranks #220 out of 541 companies in the Interactive Media industry, placing it in the top 40.7%.
Is Tencent Music Entertainment Group's Receivables Turnover too high?
Tencent Music Entertainment Group's current Receivables Turnover is 2.07. The Interactive Media industry median Receivables Turnover is 7.87. Tencent Music Entertainment Group's value of 2.07 is 73.7% below this industry median. Based on the distribution chart, Tencent Music Entertainment Group ranks #220 out of 541 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Tencent Music Entertainment Group has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tencent Music Entertainment Group's Receivables Turnover compare to PINS and MTCH?
According to the Interactive Media industry distribution chart, Tencent Music Entertainment Group ranks #220 out of 541 companies for Receivables Turnover. This puts Tencent Music Entertainment Group in the upper half of its industry. The industry median Receivables Turnover is 7.87. Tencent Music Entertainment Group's value of 2.07 is 73.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Interactive Media company?
The median Receivables Turnover among Interactive Media companies is 7.87, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tencent Music Entertainment Group's current Receivables Turnover of 2.07 is 73.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Tencent Music Entertainment Group and its competitors. For the Interactive Media industry, the median Receivables Turnover is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tencent Music Entertainment Group's current Receivables Turnover is 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tencent Music Entertainment Group stock overvalued right now?
Based on GuruFocus' analysis, Tencent Music Entertainment Group (TME) is currently considered Significantly Undervalued. The stock's GF Value™ is $15.42, compared to a current price of $9.48 — trading 38.5% below its estimated fair value. The current Receivables Turnover is 2.07 and 73.7% below the Interactive Media industry median of 7.87. Tencent Music Entertainment Group's overall GF Score™ is 75/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Tencent Music Entertainment Group (TME), the current Receivables Turnover is 2.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tencent Music Entertainment Group (TME) Overvalued in 2026?
Based on GuruFocus' analysis, Tencent Music Entertainment Group stock appears to be undervalued.
The current stock price of $9.48 is trading 38.5% below its estimated GF Value™ of $15.42.
GuruFocus considers Tencent Music Entertainment Group to be Significantly Undervalued.
Key valuation signals for TME:
Receivables Turnover: 2.07
GF Value™: $15.42 vs. price of $9.48 (38.5% below fair value)
Industry Position: 73.7% below the Interactive Media median (#220 of 541)
No single metric tells the full story. See the TME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tencent Music Entertainment Group Business Description
Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.
75GF Score
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