Tencent Music Entertainment (TME) Asset Utilization Ratio (2019 - 2022)
Tencent Music Entertainment (TME) posted Asset Utilization Ratio of 0.45 for Q2 2022, up 3.33% sequentially from 0.43 in Q1 2022, and up 6.57% YoY from 0.42 in Q2 2021.
Tencent Music Entertainment (TME) Asset Utilization Ratio (2019 - 2022) Analysis & Trends
Tencent Music Entertainment has reported Asset Utilization Ratio for 3 years, with the latest figure at 0.45 in Q2 2022.
- Quarterly Asset Utilization Ratio rose 6.57% year-over-year to 0.45 in Q2 2022, while the trailing twelve-month figure through Jun 2022 was 0.45 (up 6.57% YoY) and the FY2025 annual result came in at 0.34, changed 0.11% from the prior year.
- Asset Utilization Ratio improved to 0.45 in Q2 2022 per TME's latest filing, from 0.43 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.51 in Q4 2019 and troughed at 0.39 in Q1 2021.
- A 3-year average of 0.45 and a median of 0.45 in 2022 frame the typical range for Asset Utilization Ratio.
- The widest YoY moves for Asset Utilization Ratio: up 11.64% in 2022, down 6.57% in 2022.
- Over 3 years, Asset Utilization Ratio stood at 0.51 in 2019, then dropped by 17.1% to 0.42 in 2021, then grew by 6.57% to 0.45 in 2022.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.45, 0.43, and 0.42 for Q2 2022, Q1 2022, and Q2 2021 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.00 Bn | 3,809.96 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,535.20 Bn | 1,444.94 Bn | 49.47 Bn | 0.54 |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 1.24 |
| 4 | Baidu | 289.02 Bn | 284.53 Bn | 1.88 Mn | 0.28 |
| 5 | Spotify Technology | 102.92 Bn | 92.68 Bn | 1.75 Bn | 1.24 |
| 6 | Joyy | 77.84 Bn | 76.96 Bn | 205.64 Mn | 0.28 |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.06 Bn | 39.43 Bn | 295.20 Mn | 0.05 |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | 0.78 | |
| 10 | Tencent Music Entertainment | 27.04 Bn | 24.34 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2022 | 0.45 |
| Mar 31, 2022 | 0.43 |
| Jun 30, 2021 | 0.42 |
| Mar 31, 2021 | 0.39 |
| Dec 31, 2019 | 0.51 |
| Sep 30, 2019 | 0.48 |
| Jun 30, 2019 | 0.46 |
| Mar 31, 2019 | 0.46 |