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Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group
NYSE:TME
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Price: 12.89 USD 1.66% Market Closed
Updated: Apr 27, 2024

ROA
Return on Assets

6.9%
Current
6%
Average
-0.9%
Industry

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
6.9%
=
Net Income
4.9B
/
Total Assets
72.3B

ROA Across Competitors

ROA Comparison
Tencent Music Entertainment Group Competitors

Country Company Market Cap ROA
CN
Tencent Music Entertainment Group
NYSE:TME
22.1B USD
7%
US
Netflix Inc
NASDAQ:NFLX
239.4B USD
13%
US
Walt Disney Co
NYSE:DIS
212.1B USD
1%
LU
Spotify Technology SA
NYSE:SPOT
56.4B USD
-7%
NL
Universal Music Group NV
AEX:UMG
50B EUR
10%
US
Live Nation Entertainment Inc
NYSE:LYV
20.6B USD
2%
US
Warner Bros Discovery Inc
NASDAQ:WBD
19.9B USD
-2%
FR
Bollore SE
PAR:BOL
18.3B EUR
5%
US
Warner Music Group Corp
NASDAQ:WMG
16.6B USD
5%
DE
Cts Eventim AG & Co KgaA
XETRA:EVD
7.9B EUR
9%
US
Roku Inc
NASDAQ:ROKU
8.2B USD
-16%
Tencent Music Entertainment Group
NYSE:TME
Country CN
Market Cap 22.1B USD
ROA
7%
Netflix Inc
NASDAQ:NFLX
Country US
Market Cap 239.4B USD
ROA
13%
Walt Disney Co
NYSE:DIS
Country US
Market Cap 212.1B USD
ROA
1%
Spotify Technology SA
NYSE:SPOT
Country LU
Market Cap 56.4B USD
ROA
-7%
Universal Music Group NV
AEX:UMG
Country NL
Market Cap 50B EUR
ROA
10%
Live Nation Entertainment Inc
NYSE:LYV
Country US
Market Cap 20.6B USD
ROA
2%
Warner Bros Discovery Inc
NASDAQ:WBD
Country US
Market Cap 19.9B USD
ROA
-2%
Bollore SE
PAR:BOL
Country FR
Market Cap 18.3B EUR
ROA
5%
Warner Music Group Corp
NASDAQ:WMG
Country US
Market Cap 16.6B USD
ROA
5%
Cts Eventim AG & Co KgaA
XETRA:EVD
Country DE
Market Cap 7.9B EUR
ROA
9%
Roku Inc
NASDAQ:ROKU
Country US
Market Cap 8.2B USD
ROA
-16%

Profitability Report

View the profitability report to see the full profitability analysis for Tencent Music Entertainment Group.

Full Profitability Report

See Also

Summary
TME intrinsic value, competitors valuation, and company profile.
DCF Valuation
TME stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TME stock valuation using valuation multiples.
Wall Street Estimates
TME price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TME stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
What is Return on Assets?

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
6.9%
=
Net Income
4.9B
/
Total Assets
72.3B
What is the ROA of Tencent Music Entertainment Group?

Based on Tencent Music Entertainment Group's most recent financial statements, the company has ROA of 6.9%.

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