	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Revenue % 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
Gross Profit % 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
Operating Income % 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
Income Tax % 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%
Net Income % 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
EBITDA % 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 Return on Equity (ROE)?

As of today, Microsoft Corp's last 12-month Return on Equity (ROE) is 7.4%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Return on Equity (ROE) for Tencent Music Entertainment Group have been 6.0% over the past three years, and 7.0% over the past five years.

2) Is Tencent Music Entertainment Group's Return on Equity (ROE) Good?

As of today, Tencent Music Entertainment Group's Return on Equity (ROE) is 7.4%, which is higher than industry median of (4.8%). It indicates that Tencent Music Entertainment Group's Return on Equity (ROE) is Good.

3) How does Tencent Music Entertainment Group's Return on Equity (ROE) compare to its peers?

As of today, Tencent Music Entertainment Group's Return on Equity (ROE) is 7.4%, which is higher than peer median of 3.6%. The list of peers includes PINS, META, GOOG, SPOT, BIDU, DASH, TWLO, Z, RDDT, SNAP.