Tencent Music Entertainment Group (TME)
15.42
-0.07
(-0.45%)
USD |
NYSE |
May 17, 16:00
15.42
0.00 (0.00%)
After-Hours: 20:00
Tencent Music Entertainment Group Gross Profit Margin (Quarterly): 40.94% for March 31, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
Date | Value |
---|---|
March 31, 2024 | 40.94% |
December 31, 2023 | 38.31% |
September 30, 2023 | 35.65% |
June 30, 2023 | 34.27% |
March 31, 2023 | 33.05% |
December 31, 2022 | 32.96% |
September 30, 2022 | 32.63% |
June 30, 2022 | 29.88% |
March 31, 2022 | 28.00% |
December 31, 2021 | 28.82% |
September 30, 2021 | 29.58% |
June 30, 2021 | 30.43% |
March 31, 2021 | 31.52% |
December 31, 2020 | 32.36% |
Date | Value |
---|---|
September 30, 2020 | 32.45% |
June 30, 2020 | 31.30% |
March 31, 2020 | 31.33% |
December 31, 2019 | 34.11% |
September 30, 2019 | 33.98% |
June 30, 2019 | 32.91% |
March 31, 2019 | 35.44% |
December 31, 2018 | 34.02% |
September 30, 2018 | 39.50% |
June 30, 2018 | 39.86% |
March 31, 2018 | 40.89% |
December 31, 2017 | 38.87% |
September 30, 2017 | 35.53% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
28.00%
Minimum
Mar 2022
40.94%
Maximum
Mar 2024
32.72%
Average
32.54%
Median
Gross Profit Margin (Quarterly) Benchmarks
HUYA Inc | 14.66% |
Baidu Inc | 50.16% |
iQIYI Inc | 28.20% |
36KR Holdings Inc | 55.69% |
Weibo Corp | 78.40% |
Gross Profit Margin (Quarterly) Related Metrics
Return on Equity | 9.25% |
Return on Assets | 7.01% |
Return on Invested Capital | 8.41% |
Profit Margin (Quarterly) | 21.01% |
Operating Margin (Quarterly) | 24.16% |
Return on Net Operating Assets | 16.37% |