Tencent Music Entertainment Group Operating Cash Flow margin
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow margin | 20.0% | 22.8% | 29.7% | 24.4% | 16.8% | 16.8% | 26.4% | 26.4% |
Tencent Music Entertainment Group (TME) Operating Cash Flow margin comparison analysis
General
LTM Operating Cash Flow margin
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
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 Operating Cash Flow margin?
As of today, Microsoft Corp's last 12-month Operating Cash Flow margin is 36.2%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Operating Cash Flow margin for Tencent Music Entertainment Group have been 25.2% over the past three years, and 25.1% over the past five years.
2) Is Tencent Music Entertainment Group's Operating Cash Flow margin Good?
As of today, Tencent Music Entertainment Group's Operating Cash Flow margin is 36.2%, which is higher than industry median of 7.1%. It indicates that Tencent Music Entertainment Group's Operating Cash Flow margin is Good.