Tencent Music Entertainment Group Accounts Receivables
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|
| Accounts Receivables | $116.5M | $200.0M | $215.6M | $315.6M | $429.0M | $568.1M | $386.9M | $411.0M |
Tencent Music Entertainment Group (TME) Accounts Receivables comparison analysis
General
LTM Accounts Receivables
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
TME key stats
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|
% growth | 656.9 0.0% | 1,624.9 147.4% | 2,873.4 76.8% | 3,682.3 28.1% | 4,226.8 14.8% | 4,842.4 14.6% | 4,218.7 (12.9%) | 3,921.0 (7.1%) |
| Cost of Goods Sold (COGS) | 471.3 | 1,061.1 | 1,772.0 | 2,426.6 | 2,878.1 | 3,384.9 | 2,912.7 | 2,537.1 |
% margin | 185.6 28.3% | 563.8 34.7% | 1,101.4 38.3% | 1,255.7 34.1% | 1,348.7 31.9% | 1,457.5 30.1% | 1,306.0 31.0% | 1,383.9 35.3% |
| Operating Expenses | 171.6 | 355.7 | 601.2 | 686.8 | 808.5 | 1,036.4 | 827.2 | 527.9 |
| Research & Development Expenses (R&D) | 67.6 | 117.9 | 141.8 | 167.8 | 241.7 | 362.5 | 384.1 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 172.9 | 360.2 | 601.2 | 686.8 | 808.5 | 1,036.4 | 827.2 | 709.0 |
% margin | 15.5 2.4% | 235.7 14.5% | 308.6 10.7% | 669.2 18.2% | 682.9 16.2% | 426.5 8.8% | 661.4 15.7% | 856.1 21.8% |
| Interest Income | 4.8 | 13.8 | 42.7 | 89.0 | 90.2 | 82.1 | 105.8 | 148.6 |
| Interest Expense | 0.0 | 0.0 | 5.3 | 9.3 | 14.1 | 18.8 | 16.1 | 17.5 |
| Pre-tax Income | 17.2 | 236.3 | 303.2 | 657.3 | 671.6 | 562.9 | 651.0 | 854.1 |
% effective tax rate | 4.4 25.4% | 41.1 17.4% | 25.9 8.5% | 81.5 12.4% | 66.1 9.8% | 64.6 11.5% | 79.5 12.2% | 116.6 13.6% |
% margin | 12.4 1.9% | 196.2 12.1% | 277.4 9.7% | 576.5 15.7% | 602.4 14.3% | 469.5 9.7% | 547.4 13.0% | 695.1 17.7% |
| EPS | 0.01 | 0.12 | 0.18 | 0.35 | 0.36 | 0.28 | 0.17 | 0.44 |
| Diluted EPS | 0.01 | 0.12 | 0.18 | 0.34 | 0.36 | 0.28 | 0.17 | 0.44 |
% margin | 49.6 7.5% | 292.4 18.0% | 364.3 12.7% | 751.5 20.4% | 805.4 19.1% | 736.7 15.2% | 840.8 19.9% | 1,013.5 25.8% |
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FAQ
1) What is Tencent Music Entertainment Group's Accounts Receivables?
As of today, Tencent Music Entertainment Group's last 12-month Accounts Receivables is $480.5M, based on the financial report for Dec 31, 2024 (Q4’2024).
2) What is Tencent Music Entertainment Group's Accounts Receivables growth rate?
Over the last year, Tencent Music Entertainment Group's Accounts Receivables growth was 10.1%. The average annual Accounts Receivables growth rates for Tencent Music Entertainment Group have been 6.1% over the past three years, 8.8% over the past five years.
3) Is Tencent Music Entertainment Group's Accounts Receivables growth rate Good?
Over the last year, Tencent Music Entertainment Group's Accounts Receivables growth was 10.1%, which is higher than industry growth of 0.1%. It indicates that Tencent Music Entertainment Group's Accounts Receivables growth is Bad.