Tencent Music Entertainment Group (Tencent Music Entertainment Group) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is Tencent Music Entertainment Group Change In Receivables?

Tencent Music Entertainment Group's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means Tencent Music Entertainment Group's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Tencent Music Entertainment Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-29 Mil. It means Tencent Music Entertainment Group's Accounts Receivable increased by $29 Mil from Dec. 2022 to Dec. 2023 .

Tencent Music Entertainment Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $409 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Tencent Music Entertainment Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tencent Music Entertainment Group's liquidation value for the three months ended in Dec. 2023 was $1,036 Mil.

Tencent Music Entertainment Group Change In Receivables Historical Data

The historical data trend for Tencent Music Entertainment Group's Change In Receivables 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 Change In Receivables Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-104.51

-79.52

-120.74

129.95

-28.57

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
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Tencent Music Entertainment Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Tencent Music Entertainment Group (NYSE:TME) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	408.672	/	965.379	*	91
=	38.63

2. In Ben Graham's calculation of liquidation value, Tencent Music Entertainment Group's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3296.966	-	2567.715	+	0.75 * 408.672	+	0.5 * 1.12
=	1,036

Tencent Music Entertainment Group Change In Receivables Related Terms

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

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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.