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
- Is Tencent Music Entertainment Group (TME) a Solid Growth Stock? 3 Reasons to Think "Yes" [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group Releases Inaugural ESG ReportPR Newswire
- Tencent Music Entertainment Group (NYSE: TME) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $13.00 price target on the stock.MarketBeat
- Why Tencent, Tencent Music Entertainment, and iQiyi All Soared Today [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (TME): Among the Worst Affordable Stocks to Buy Under $10 [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 8/13/24 - Miss
TME
Sec Filings
- 8/13/24 - Form 6-K
- 7/26/24 - Form 6-K
- 7/12/24 - Form 6-K
- TME's page on the SEC website