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Tencent Music Entertainment Group  (TME)
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Tencent Music Entertainment Group's Effective Tax Rate by quarter

Trends, Rankings, Statistics



TME Effective Tax Rate (Dec 31 2020)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2019)
IV. Quarter
Y / Y Pre-Tax Income Change 2.03 % - - - 126.66 %
Y / Y Income taxes expenses / -benefit Change -19.01 % - - - 229.24 %
Effective Tax Rate 9.84 % - - - 12.4 %
Effective Tax Rate Total Ranking # 325 # # # # 437
Seq. Pre-Tax Income Change - - - - -
Seq. Income taxes expenses / -benefit Change - - - - -


Commenting Forth Quarter 2020 Effective Tax Rate
Company's effective tax rate in IV. Quarter increased compare to previous quarter to 9.84 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Broadcasting Media & Cable TV industry 4 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 325.

TME's Effective Tax Rate forth quarter 2020 Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 5
Services Sector # 35
Overall # 324

TME's Effective Tax Rate Statistics
High Average Low
12.4 % 10.26 % 8.54 %
(Dec 31 2019)   (Dec 31 2018)



Financial Statements
Tencent Music Entertainment Group's (Dec 31 2020) Income taxes expenses / -benefit $ 68 TME's Income Statement
Tencent Music Entertainment Group's (Dec 31 2019) Income taxes expenses / -benefit $ 84 Quarterly TME's Growth
TME's Profits by Division See TME's Profits by Segment

Other Effective Tax Rate Profitability Ratios
TME's Cumulative Effective Tax Rate
Broadcasting Media & Cable TV Industry Effective Tax Rate Trends and Statistics
Services Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
TME's Effective Tax Rate Profitability versus Broadcasting Media & Cable TV Industry, Services Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for TME's Competitors
Effective Tax Rate Profit Margin for Tencent Music Entertainment Group's Suppliers
Effective Tax Rate Profit Margin for TME's Customers

You may also want to know
TME's Annual Growth Rates 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 Income taxes expenses / -benefit Growth
TME's Roa TME's Inventory Turnover Ratio TME's Growth Rates TME's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2020, within Broadcasting Media & Cable TV Industry Effective Tax RateDec 31 2020 MRQ Income taxes expenses / -benefitDec 31 2020 MRQ Pre-Tax Income
Hemisphere Media Group Inc   26.18 %$ 3.119 $ 11.912 
The E w Scripps Company  24.74 %$ 39.092 $ 158.004 
Fox Corporation  24.34 %$ 74.000 $ 304.000 
Discovery Inc   23.56 %$ 98.000 $ 416.000 
Dish Network Corporation  23.08 %$ 228.411 $ 989.708 
Comcast corporation  22.17 %$ 979.000 $ 4,416.000 
Tencent Music Entertainment Group  9.84 %$ 67.716 $ 687.852 
Altice Usa Inc   8.37 %$ 30.701 $ 366.970 
Brooklyn Immunotherapeutics Inc   5.25 %$ 0.017 $ 0.324 
Phoenix New Media Limited  4.25 %$ 2.909 $ 68.448 


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