Tencent Music Entertainment Group (Tencent Music Entertainment Group) Days Inventory : 0.14 (As of Dec. 2023)

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What is Tencent Music Entertainment Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tencent Music Entertainment Group's Average Total Inventories for the three months ended in Dec. 2023 was $1 Mil. Tencent Music Entertainment Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $596 Mil. Hence, Tencent Music Entertainment Group's Days Inventory for the three months ended in Dec. 2023 was 0.14.

The historical rank and industry rank for Tencent Music Entertainment Group's Days Inventory or its related term are showing as below:

TME' s Days Inventory Range Over the Past 10 Years
Min: 0.18 Med: 0.53 Max: 1.63
Current: 0.18

During the past 8 years, Tencent Music Entertainment Group's highest Days Inventory was 1.63. The lowest was 0.18. And the median was 0.53.

TME's Days Inventory is ranked better than
96.27% of 241 companies
in the Interactive Media industry
Industry Median: 17.6 vs TME: 0.18

Tencent Music Entertainment Group's Days Inventory declined from Dec. 2022 (0.31) to Dec. 2023 (0.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tencent Music Entertainment Group's Inventory Turnover for the three months ended in Dec. 2023 was 659.83.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Tencent Music Entertainment Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Tencent Music Entertainment Group Days Inventory Historical Data

The historical data trend for Tencent Music Entertainment Group's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tencent Music Entertainment Group Days Inventory Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.67

0.39

0.35

0.38

0.23

Tencent Music Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															0.31	0.25	0.18	0.12	0.14

Competitive Comparison of Tencent Music Entertainment Group's Days Inventory

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's Days Inventory falls into.

Tencent Music Entertainment Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Tencent Music Entertainment Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.008	+	1.12)	/	2 )	/	2514.916	*	365
=	1.564					/	2514.916	*	365
=	0.23

Tencent Music Entertainment Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.685	+	1.12)	/	2 )	/	595.501	*	365 / 4
=	0.9025					/	595.501	*	365 / 4
=	0.14

Tencent Music Entertainment Group (NYSE:TME) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tencent Music Entertainment Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	595.501	/	0.9025
	=	659.83

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Tencent Music Entertainment Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9025	/	965.379
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Tencent Music Entertainment Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Tencent Music Entertainment Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.