Tencent Music Entertainment (TCMEF) Return on Capital Employed (2018 - 2026)
Tencent Music Entertainment recorded quarterly Return on Capital Employed of 13.09% in Q1 2026, down 11.86% quarter-over-quarter from 14.86% in Q4 2025, and down 215.0% year-over-year from 11.39% in Q1 2025.
Tencent Music Entertainment's Return on Capital Employed history runs 9 years deep, the most recent figure standing at 13.09% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 215.0% year-over-year to 13.09%; the TTM figure through Mar 2026 stood at 13.09% (down 215.0% YoY), while the FY2025 annual figure was 16.71%, up 381.0% from the prior year.
- Return on Capital Employed came in at 13.09% for Q1 2026 at Tencent Music Entertainment, down from 14.86% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 15.25% in Q1 2025 to a low of 6.04% in Q1 2022.
- A 5-year average of 10.59% and a median of 10.02% in 2023 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed surged 494 bps in 2025 and sank 215 bps in 2026, its largest moves.
- Tencent Music Entertainment's Return on Capital Employed stood at 8.5% in 2022, then increased by 18 bps to 10.02% in 2023, then gained by 8 bps to 10.87% in 2024, then soared by 37 bps to 14.86% in 2025, then fell by 12 bps to 13.09% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 13.09%, 14.86%, and 13.87% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 25.65% |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 26.53% |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | - |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 20.06% | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | - |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 6.06% | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | - |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -6.47% |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 26.54% |
| 10 | Tencent Music Entertainment | - | - | 514.00 Mn | 13.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.11% |
| Dec 31, 2025 | 14.86% |
| Sep 30, 2025 | 13.87% |
| Jun 30, 2025 | 14.24% |
| Mar 31, 2025 | 15.25% |
| Jun 30, 2024 | 10.87% |
| Mar 31, 2024 | 10.31% |
| Dec 31, 2023 | 10.02% |
| Sep 30, 2023 | 9.72% |
| Jun 30, 2023 | 9.55% |
| Mar 31, 2023 | 9.13% |
| Dec 31, 2022 | 8.50% |
| Sep 30, 2022 | 7.12% |
| Jun 30, 2022 | 6.24% |
| Mar 31, 2022 | 6.04% |
| Dec 31, 2021 | 6.69% |
| Sep 30, 2021 | 7.65% |
| Jun 30, 2021 | 8.04% |
| Mar 31, 2021 | 8.04% |
| Jun 30, 2020 | 9.75% |
| Mar 31, 2020 | 10.29% |
| Dec 31, 2019 | 11.16% |
| Sep 30, 2019 | 5.99% |
| Jun 30, 2019 | 5.78% |
| Mar 31, 2019 | 6.02% |
| Dec 31, 2018 | 13.45% |