Tencent Music Entertainment Group (TME) Assets
Market Cap: $12.04B
Avg Volume: 8.21M
Industry: Internet Content & Information
Sector: Communication Services
Tencent Music Entertainment Group Asset Metrics Summary
According to Tencent Music Entertainment Group's latest annual financial reports, the company's asset profile is as follows:
Total Assets
Tencent Music Entertainment Group's total assets amount to $90.44B. This is divided into:
- Total Current Assets: $34.54B
- Total Non-current Assets: $55.90B
- Net Receivables: $3.51B
- Inventory: $23.00M
- Cash and Short-term Investments: $27.21B
- Property, Plant, and Equipment (Net): $1.10B
- Long-term Investments: $29.89B
- Goodwill and Intangible Assets: $24.06B
Asset Ratios and Metrics
To better understand Tencent Music Entertainment Group's asset management, we can look at several key ratios:
- Return on Assets (ROA): 7.35% - this indicates how profitable a company is relative to its total assets.
- Asset Turnover: 0.31 - this shows how efficiently a company uses its assets to generate sales.
- Current Ratio: 2.09 - this measures a company's ability to pay short-term obligations with its current assets.
- Quick Ratio: 2.09 - this indicates a company's ability to meet short-term obligations with its most liquid assets.
- Cash Ratio: 0.80 - this measures a company's ability to pay off short-term liabilities with its cash and cash equivalents.
These metrics provide insight into Tencent Music Entertainment Group's asset efficiency and liquidity. For a comprehensive understanding of the company's financial health, it's important to consider these asset metrics alongside other financial indicators and industry benchmarks.
Total Assets
$90.44B
Total Current Assets
$34.54B
Total Non-current Assets
$55.90B
Net Receivables
$3.51B
Inventory
$23.00M
Cash and Short-term Investments
$27.21B
Property, Plant, and Equipment (Net)
$1.10B
Long-term Investments
$29.89B
Goodwill and Intangible Assets
$24.06B
Return on Assets
7.35%
Asset Turnover
0.31
Current Ratio
2.09
Tencent Music Entertainment Group Historical Asset Metrics
Historical Return on Assets
Historical Total Assets Growth
Tencent Music Entertainment Group Historical Assets
The table below shows various asset metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Assets | Total Current Assets | Total Non-current Assets | Net Receivables | Inventory | Cash and Short-term Investments | Property, Plant, Equipment (Net) | Long-term Investments | Goodwill and Intangible Assets | Return on Assets | Asset Turnover | Current Ratio | Quick Ratio | Cash Ratio |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $90.44B | $34.54B | $55.90B | $3.51B | $23.00M | $27.21B | $1.10B | $29.89B | $24.06B | 0.07 | 0.31 | 2.09 | 2.09 | 0.80 |
| 2023 | $75.54B | $29.94B | $45.60B | $2.92B | $8.00M | $23.54B | $857.00M | $19.84B | $24.01B | 0.07 | 0.37 | 2.49 | 2.49 | 1.13 |
| 2022 | $67.01B | $26.56B | $40.45B | $2.67B | $14.00M | $20.88B | $721.00M | $14.33B | $24.34B | 0.05 | 0.42 | 2.27 | 2.27 | 0.82 |
| 2021 | $67.25B | $26.79B | $40.46B | $3.61B | $24.00M | $20.43B | $526.00M | $15.40B | $23.45B | 0.05 | 0.46 | 2.56 | 2.56 | 0.63 |
| 2020 | $68.27B | $31.69B | $36.59B | $2.80B | $18.00M | $26.02B | $487.00M | $15.33B | $19.51B | 0.06 | 0.43 | 3.30 | 3.30 | 1.16 |
| 2019 | $52.68B | $26.91B | $25.76B | $2.20B | $26.00M | $22.47B | $327.00M | $5.67B | $18.76B | 0.08 | 0.48 | 3.17 | 3.17 | 1.82 |
| 2018 | $44.60B | $20.78B | $23.83B | $1.48B | $35.00M | $17.44B | $168.00M | $3.78B | $18.85B | 0.04 | 0.43 | 3.33 | 3.33 | 2.78 |
| 2017 | $30.00B | $7.47B | $22.53B | $1.30B | $30.00M | $5.17B | $127.00M | $4.12B | $17.98B | 0.04 | 0.37 | 2.12 | 2.11 | 1.47 |
| 2016 | $23.54B | $5.00B | $18.54B | $809.00M | $14.00M | $3.33B | $108.00M | $302.00M | $17.77B | 0.00 | 0.19 | 1.98 | 1.98 | 1.22 |
Related Metrics
Explore detailed financial metrics and analysis for TME.