Tencent Music Entertainment Group (TME)
10.81
+0.14
(+1.31%)
USD |
NYSE |
Nov 14, 16:00
10.81
0.00 (0.00%)
After-Hours: 20:00
Tencent Music Entertainment Group Gross Profit Margin (Quarterly): 42.04% for June 30, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| June 30, 2024 | 42.04% |
| 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% |
| Date | Value |
|---|---|
| December 31, 2020 | 32.36% |
| 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
42.04%
Maximum
Jun 2024
33.14%
Average
32.45%
Median
Sep 2020
Gross Profit Margin (Quarterly) Benchmarks
| HUYA Inc | 13.94% |
| Bilibili Inc | 29.92% |
| iQIYI Inc | 23.67% |
| TuanChe Ltd | -- |
| Hello Group Inc | 40.71% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 9.61% |
| Return on Assets | 7.30% |
| Return on Invested Capital | 8.75% |
| Profit Margin (Quarterly) | 23.49% |
| Operating Margin (Quarterly) | 26.01% |
| Return on Net Operating Assets | 17.60% |