Tencent Music Entertainment Group (NYSE:TME) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Tencent Music Entertainment Group NYSE:TME ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Tencent Music Entertainment Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.089 = CN¥6.2b ÷ (CN¥82b - CN¥13b) (Based on the trailing twelve months to June 2024) So, Tencent Music Entertainment Group has an ROCE of 8.9%. Ultimately, that's a low return and it under-performs the Entertainment
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News
- Tencent Music Entertainment Group (TME) Shares Pulled Back After Strong Performance [Yahoo! Finance]Yahoo! Finance
- Key Investors Say Bet on These Stocks at Sohn Australia Conference [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tencent Music Entertainment Group Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Highlights: Strong Growth in ... [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 11/12/24 - Miss
TME
Sec Filings
- 11/12/24 - Form 6-K
- 10/15/24 - Form 6-K
- TME's page on the SEC website