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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Tencent Music Entertainment (TCMEF) Asset Utilization Ratio (2018 - 2022)

Tencent Music Entertainment recorded quarterly Asset Utilization Ratio of 0.42 in Q2 2022, up 7.46% quarter-over-quarter from 0.39 in Q2 2021, and up 7.46% year-over-year from 0.39 in Q2 2021.

Tencent Music Entertainment's Asset Utilization Ratio history runs 4 years deep, the most recent figure standing at 0.42 for Q2 2022.

  • In Q2 2022, Asset Utilization Ratio rose 7.46% year-over-year to 0.42; the TTM figure through Jun 2022 stood at 0.42 (up 7.46% YoY), while the FY2025 annual figure was 0.34, changed 0.11% from the prior year.
  • Asset Utilization Ratio came in at 0.42 for Q2 2022 at Tencent Music Entertainment, up from 0.39 in the prior quarter.
  • In the past five years, Asset Utilization Ratio ranged from a high of 0.87 in Q4 2018 to a low of 0.39 in Q2 2021.
  • A 4-year average of 0.51 and a median of 0.46 in 2019 frame the typical range for Asset Utilization Ratio.
  • Across the five-year window, Asset Utilization Ratio sank 41.91% in 2019 and rose 7.46% in 2022, its largest moves.
  • Tencent Music Entertainment's Asset Utilization Ratio stood at 0.87 in 2018, then tumbled by 41.91% to 0.51 in 2019, then fell by 23.67% to 0.39 in 2021, then climbed by 7.46% to 0.42 in 2022.
  • According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.42, 0.39, and 0.51 for Q2 2022, Q2 2021, and Q4 2019 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Alphabet 4,554.43 Bn 4,338.81 Bn 102.29 Bn 0.65
2 Meta Platforms 1,602.78 Bn 1,521.60 Bn 46.09 Bn 0.56
3 Spotify Technology 119.86 Bn 109.62 Bn 1.75 Bn 1.24
4 Reddit 33.71 Bn 30.94 Bn 511.94 Mn 0.74
5 Nebius 22.38 Bn 22.38 Bn 295.20 Mn -
6 Pinterest 12.76 Bn 11.46 Bn 768.96 Mn 0.86
7 Kanzhun 12.59 Bn 10.49 Bn 255.62 Bn -
8 Snap 9.64 Bn 6.81 Bn 1.29 Bn 0.80
9 Match 8.43 Bn 7.41 Bn 653.28 Mn 0.79
10 Tencent Music Entertainment - - 514.00 Mn -

Historic Data

Download Data 🔒
DateValue
Jun 30, 2022 0.42
Jun 30, 2021 0.39
Dec 31, 2019 0.51
Sep 30, 2019 0.48
Jun 30, 2019 0.46
Mar 31, 2019 0.46
Dec 31, 2018 0.87