Tencent Music Entertainment Group
NYSE:TME
ROIC
Return on Invested Capital
ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.
ROIC Across Competitors
ROIC Comparison
Tencent Music Entertainment Group Competitors
| Country | CN |
| Market Cap | 19.5B USD |
| ROIC |
9%
|
| Country | US |
| Market Cap | 240.2B USD |
| ROIC |
16%
|
| Country | US |
| Market Cap | 211.8B USD |
| ROIC |
4%
|
| Country | LU |
| Market Cap | 54.4B USD |
| ROIC |
-3%
|
| Country | NL |
| Market Cap | 48.8B EUR |
| ROIC |
16%
|
| Country | US |
| Market Cap | 21B USD |
| ROIC |
9%
|
| Country | US |
| Market Cap | 20.5B USD |
| ROIC |
0%
|
| Country | FR |
| Market Cap | 18.1B EUR |
| ROIC |
1%
|
| Country | US |
| Market Cap | 17.1B USD |
| ROIC |
9%
|
| Country | DE |
| Market Cap | 7.7B EUR |
| ROIC |
25%
|
| Country | US |
| Market Cap | 8.2B USD |
| ROIC |
-24%
|
Profitability Report
View the profitability report to see the full profitability analysis for Tencent Music Entertainment Group.
See Also
ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.
Based on Tencent Music Entertainment Group's most recent financial statements, the company has ROIC of 9.4%.
You don't have any saved screeners yet
