Tencent Music Entertainment Group (TMEN) Ratios
Tencent Music Entertainment Group Ratios
MX:TMEN's free cash flow for Q2 2026 was $2.86B. For the 2026 fiscal year, MX:TMEN's free cash flow was increased by $0.00 and operating cash flow was $2.86B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.22 | 2.09 | 2.49 | 2.27 | 2.56 |
| Quick Ratio | 2.22 | 2.09 | 2.49 | 2.27 | 2.56 |
| Cash Ratio | 0.58 | 0.80 | 1.13 | 0.82 | 0.63 |
| Solvency Ratio | 0.64 | 0.37 | 0.31 | 0.27 | 0.25 |
| Operating Cash Flow Ratio | 0.70 | 0.62 | 0.61 | 0.64 | 0.50 |
| Short-Term Operating Cash Flow Coverage | 87.53 | 4.77 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 12.99B | $ 13.83B | $ 11.60B | $ 8.68B | $ 10.59B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.04 | 0.07 | 0.08 | 0.09 | 0.08 |
| Debt-to-Equity Ratio | 0.05 | 0.09 | 0.11 | 0.12 | 0.11 |
| Debt-to-Capital Ratio | 0.05 | 0.08 | 0.10 | 0.11 | 0.10 |
| Long-Term Debt-to-Capital Ratio | 0.04 | 0.05 | 0.09 | 0.10 | 0.09 |
| Financial Leverage Ratio | 1.28 | 1.33 | 1.35 | 1.39 | 1.34 |
| Debt Service Coverage Ratio | 53.97 | 3.60 | 39.47 | 44.47 | 35.83 |
| Interest Coverage Ratio | 79.81 | 70.24 | 48.86 | 38.63 | 31.40 |
| Debt to Market Cap | 0.02 | 0.04 | 0.06 | 0.06 | 0.07 |
| Interest Debt Per Share | 2.57 | 3.94 | 3.90 | 3.80 | 3.30 |
| Net Debt to EBITDA | -0.32 | -0.72 | -1.31 | -0.64 | -0.26 |
| Profitability Margins | |||||
| Gross Profit Margin | 44.18% | 42.34% | 35.29% | 30.96% | 30.10% |
| EBIT Margin | 40.72% | 31.11% | 18.01% | 15.84% | 12.01% |
| EBITDA Margin | 44.90% | 34.56% | 20.61% | 19.93% | 15.21% |
| Operating Profit Margin | 29.59% | 30.67% | 21.83% | 15.68% | 12.16% |
| Pretax Profit Margin | 40.35% | 30.67% | 21.78% | 15.43% | 11.62% |
| Net Profit Margin | 33.60% | 23.39% | 17.73% | 12.98% | 9.69% |
| Continuous Operations Profit Margin | 34.51% | 25.03% | 18.81% | 13.55% | 10.29% |
| Net Income Per EBT | 83.27% | 76.26% | 81.39% | 84.08% | 83.40% |
| EBT Per EBIT | 136.36% | 100.02% | 99.77% | 98.42% | 95.58% |
| Return on Assets (ROA) | 10.78% | 7.35% | 6.51% | 5.49% | 4.50% |
| Return on Equity (ROE) | 13.76% | 9.79% | 8.80% | 7.64% | 6.02% |
| Return on Capital Employed (ROCE) | 11.07% | 11.79% | 9.54% | 8.04% | 6.69% |
| Return on Invested Capital (ROIC) | 9.45% | 9.33% | 8.22% | 7.04% | 5.91% |
| Return on Tangible Assets | 13.97% | 10.01% | 9.55% | 8.62% | 6.91% |
| Earnings Yield | 5.88% | 5.12% | 4.86% | 4.02% | 4.19% |
| Efficiency Ratios | |||||
| Receivables Turnover | 8.42 | 8.10 | 9.51 | 9.70 | 8.23 |
| Payables Turnover | 2.92 | 2.38 | 3.59 | 3.91 | 5.05 |
| Inventory Turnover | 447.69 | 712.00 | 2244.63 | 1397.57 | 910.00 |
| Fixed Asset Turnover | 22.10 | 25.87 | 32.38 | 39.31 | 59.40 |
| Asset Turnover | 0.32 | 0.31 | 0.37 | 0.42 | 0.46 |
| Working Capital Turnover Ratio | 1.83 | 1.58 | 1.69 | 1.82 | 1.63 |
| Cash Conversion Cycle | -80.82 | -107.73 | -63.21 | -55.33 | -27.59 |
| Days of Sales Outstanding | 43.33 | 45.08 | 38.38 | 37.65 | 44.36 |
| Days of Inventory Outstanding | 0.82 | 0.51 | 0.16 | 0.26 | 0.40 |
| Days of Payables Outstanding | 124.96 | 153.32 | 101.75 | 93.24 | 72.35 |
| Operating Cycle | 44.14 | 45.60 | 38.54 | 37.91 | 44.76 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 6.62 | 6.56 | 4.63 | 4.67 | 3.16 |
| Free Cash Flow Per Share | 6.43 | 5.90 | 3.90 | 4.01 | 1.49 |
| Dividend Paid and CapEx Coverage Ratio | 4.57 | 4.05 | 6.30 | 7.10 | 1.90 |
| Capital Expenditure Coverage Ratio | 34.24 | 9.96 | 6.30 | 7.10 | 1.90 |
| Operating Cash Flow Coverage Ratio | 2.66 | 1.70 | 1.21 | 1.25 | 0.98 |
| Operating Cash Flow to Sales Ratio | 0.31 | 0.36 | 0.26 | 0.26 | 0.17 |
| Free Cash Flow Yield | 5.25% | 7.13% | 6.09% | 7.03% | 3.43% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 17.51 | 19.27 | 20.59 | 24.88 | 23.85 |
| Price-to-Sales (P/S) Ratio | 5.71 | 4.57 | 3.65 | 3.23 | 2.31 |
| Price-to-Book (P/B) Ratio | 2.34 | 1.91 | 1.81 | 1.90 | 1.44 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 19.06 | 14.03 | 16.41 | 14.23 | 29.12 |
| Price-to-Operating Cash Flow Ratio | 18.50 | 12.62 | 13.81 | 12.23 | 13.79 |
| Price-to-Earnings Growth (PEG) Ratio | 0.28 | 0.53 | 0.55 | 0.94 | -0.88 |
| Enterprise Value Multiple | 12.41 | 12.49 | 16.40 | 15.56 | 14.94 |
| Enterprise Value | 183.32B | 122.57B | 93.78B | 87.90B | 71.02B |
| EV to EBITDA | 12.41 | 12.49 | 16.40 | 15.56 | 14.94 |
| EV to Sales | 5.57 | 4.32 | 3.38 | 3.10 | 2.27 |
| EV to Free Cash Flow | 18.59 | 13.26 | 15.19 | 13.67 | 28.63 |
| EV to Operating Cash Flow | 18.04 | 11.93 | 12.78 | 11.75 | 13.56 |
| Tangible Book Value Per Share | 38.91 | 29.17 | 20.95 | 15.47 | 16.63 |
| Shareholders’ Equity Per Share | 52.38 | 43.35 | 35.29 | 30.02 | 30.30 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.14 | 0.18 | 0.14 | 0.12 | 0.11 |
| Revenue Per Share | 21.45 | 18.14 | 17.52 | 17.69 | 18.82 |
| Net Income Per Share | 7.21 | 4.24 | 3.11 | 2.30 | 1.82 |
| Tax Burden | 0.83 | 0.76 | 0.81 | 0.84 | 0.83 |
| Interest Burden | 0.99 | 0.99 | 1.21 | 0.97 | 0.97 |
| Research & Development to Revenue | 0.07 | 0.00 | 0.09 | 0.09 | 0.00 |
| SG&A to Revenue | 0.08 | 0.16 | 0.15 | 0.16 | 0.13 |
| Stock-Based Compensation to Revenue | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 0.94 | 1.18 | 1.21 | 1.71 | 1.44 |
Currency in CNY