Tencent Music Entertainment Group (Tencent Music Entertainment Group) Accounts Payable : $701 Mil (As of Dec. 2023)

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What is Tencent Music Entertainment Group Accounts Payable?

Tencent Music Entertainment Group's Accounts Payable for the quarter that ended in Dec. 2023 was $701 Mil.

Tencent Music Entertainment Group's quarterly Accounts Payable declined from Jun. 2023 ($728 Mil) to Sep. 2023 ($692 Mil) but then increased from Sep. 2023 ($692 Mil) to Dec. 2023 ($701 Mil).

Tencent Music Entertainment Group's annual Accounts Payable increased from Dec. 2021 ($680 Mil) to Dec. 2022 ($717 Mil) but then declined from Dec. 2022 ($717 Mil) to Dec. 2023 ($701 Mil).

Tencent Music Entertainment Group Accounts Payable Historical Data

The historical data trend for Tencent Music Entertainment Group's Accounts Payable 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 Accounts Payable Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable

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364.86

545.17

679.67

716.90

701.10

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
Accounts Payable	Get a 7-Day Free Trial															716.90	772.03	728.49	691.98	701.10

Tencent Music Entertainment Group Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Tencent Music Entertainment Group Accounts Payable Related Terms

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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 » Accounts Payable

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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.