Tencent Music Entertainment Group

NYSE:TMECommunication ServicesNASDAQ:HXC

$8.67+0.46%At closeAt close · Tue 20 Oct · ≈ AED 31.84 · Market cap $12.69B · Next earnings Wed 11 Nov · Extended $8.57 −1.15%

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	31.9%	30.1%	31.0%	35.3%	42.3%	44.2%	—	—
Operating margin	16.2%	12.2%	15.7%	21.8%	30.7%	29.6%	29.6%	+0.0 pts
Net margin	14.3%	9.7%	13.0%	17.7%	23.4%	33.6%	33.6%	+0.0 pts
EBITDA margin	19.1%	15.2%	19.9%	20.6%	34.6%	44.9%	—	—
Return on equity	8.0%	6.0%	7.6%	8.8%	9.8%	13.8%	13.3%	−0.5 pts
Return on assets	6.1%	4.5%	5.5%	6.5%	7.3%	10.8%	10.8%	+0.0 pts
Return on capital employed	8.0%	6.7%	8.0%	9.5%	11.8%	11.1%	—	—
Debt / equity	0.1×	0.1×	0.1×	0.1×	0.1×	0.0×	0.0×	−3.3%
Debt / assets	8.1%	8.0%	8.9%	8.0%	6.7%	3.7%	—	—
Interest coverage	48.6×	31.4×	38.6×	48.9×	70.2×	79.8×	—	—
Current ratio	3.3×	2.6×	2.3×	2.5×	2.1×	2.2×	2.2×	+0.0%
Quick ratio	3.3×	2.6×	2.3×	2.5×	2.1×	2.2×	—	—
Cash ratio	1.2×	0.6×	0.8×	1.1×	0.8×	0.6×	0.6×	+0.0%
Asset turnover	0.4×	0.5×	0.4×	0.4×	0.3×	0.3×	—	—
Inventory turnover	1,102.8×	910.0×	1,397.6×	2,244.6×	712.0×	447.7×	—	—
Receivables turnover	9.8×	8.2×	9.7×	9.5×	8.1×	8.4×	—	—
Dividend payout	0.0%	0.0%	0.0%	0.0%	22.7%	17.4%	—	—