Tencent Music Entertainment Group (TME)
13.34
-0.04
(-0.26%)
USD |
NYSE |
May 10, 16:00
13.25
-0.10
(-0.71%)
After-Hours: 20:00
Tencent Music Entertainment Group Gross Profit Margin (Quarterly): 38.31% for Dec. 31, 2023
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| 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
38.31%
Maximum
Dec 2023
32.29%
Average
32.45%
Median
Sep 2020
Gross Profit Margin (Quarterly) Benchmarks
| Baidu Inc | 50.16% |
| iQIYI Inc | 28.20% |
| HUYA Inc | 3.65% |
| 36KR Holdings Inc | 55.69% |
| Weibo Corp | 78.40% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 9.19% |
| Return on Assets | 6.90% |
| Return on Invested Capital | 8.32% |
| Profit Margin (Quarterly) | 18.95% |
| Operating Margin (Quarterly) | 22.78% |
| Return on Net Operating Assets | 14.71% |