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Tencent Music Entertainment Group  (TME)
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Tencent Music Entertainment Group's ROA per quarter

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


Return On Assets (Dec 31 2020)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2019)
IV. Quarter
Y / Y Total Assets Change 29.6 % 29.6 % 29.6 % 29.6 % 18.1 %
Y / Y Net Income Change 5 % - - - 117.09 %
Net Income (TTM) in Millions 620 591 591 591 591
Return On Assets (TTM) 6.12 % 6.18 % 6.58 % 7.03 % 7.55 %
Total Ranking # 887 # # # # 826
Total Assets (TTM) in Millions 10,139 10,139 10,139 10,139 7,823
Seq. Total Assets Change 0 % 0 % 0 % 29.6 % 0 %
Seq. Net Income Change 0 % - - - 0 %


Roa Comment
Tencent Music Entertainment Group yielded Return on Asset in IV. Quarter below company average, at 6.12 %.

ROA detoriated compare to previous period, despite net income growth.

Within Services sector 113 other companies have achieved higher return on assets. While Return on assets total ranking has deteriorated compare to previous quarter from to 887.

What is ROA?
Return On Assets Company Ranking
Within: No.
Industry # 7
Sector # 114
Overall # 885

Return On Assets Statistics
High Average Low
7.55 %
6.83 %
6.12 %
(Dec 31 2019)   (Dec 31 2020)


Financial Statements
Tencent Music Entertainment Group's Assets $ 10,139 Millions TME's Balance sheet
Tencent Music Entertainment Group's Income $ 620 Millions Quarterly TME's Income Statement
TME's Income by Division See TME's Income by Division



Annual Return On Assets (Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018

FY

FY
Y / Y Total Assets Change 29.6 % 18.1 % - - -
Total Assets in Millions 10,139 7,823 6,624 0 0
Y / Y Net Income Change 5 % 117.09 % - - -
Net Income in Millions 620 591 272 0 0
Return On Assets 6.12 % 7.55 % 4.11 % - -




Roa Comment
In the fiscal year 2020 ROA detoriated to 6.12 %, despite annual net income growth of 5 % to $620.14 millions, from $590.58 millions a year ago, as TME's assets increase to $10,138.54 millions, by 5 %.


More Return On Equity Ratios
Broadcasting Media & Cable TV Industry Return On Asstes Trends and Statistics
Services Sector Roa Statistics
Roa Trends for overall market
TME's Roa Ratio versus Broadcasting Media & Cable TV Industry, Services Sector and overall Market
Highest Ranking Return On Asstes
Lowest Ranking Return On Asstes
Roa for TME's Competitors
Roa for Tencent Music Entertainment Group's Suppliers
Return On Asstes for TME's Customers

You may also want to know
TME's Roi TME's Inventory Turnover Ratio TME's Growth Rates TME's Dividend Comparisons
TME's Annual Roi TME's Profitability Ratios TME's Asset Turnover Ratio TME's Dividend Growth
TME's Roe TME's Valuation Ratios TME's Financial Strength Ratios TME's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2020, within Services Sector ROA
Exp World Holdings inc   16.75 %
Stamps com Inc  16.12 %
Exponent Inc   15.64 %
Accenture Plc  14.82 %
Msci Inc   14.67 %
Paypal Holdings Inc   14.63 %
Parts Id Inc   14.52 %
Rollins Inc   14.37 %
Nocopi Technologies Inc  13.85 %
Broadridge Financial Solutions Inc   13.63 %
Aixin Life International Inc   13.22 %
Phoenix New Media Limited  13.17 %
Grand Canyon Education inc   12.78 %
Robert Half International Inc   12.50 %
Kforce Inc  12.44 %
Paychex Inc   12.10 %
Cintas Corporation  12.02 %
Hackett Group Inc   11.99 %
Nathans Famous Inc  11.67 %
Sb Partners  11.61 %
Trade Desk Inc   11.39 %
Cto Realty Growth Inc   11.39 %
Wingstop Inc   11.36 %
Spar Group Inc   11.32 %
Thryv Holdings Inc   11.17 %
Premier inc   10.93 %
Booz Allen Hamilton Holding Corporation  10.89 %
Gee Group Inc   10.89 %
Paltalk Inc   10.87 %
Idt Corp  10.84 %



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