Tencent Music Entertainment Group (Tencent Music Entertainment Group) Inventory Turnover : 659.83 (As of Dec. 2023)

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What is Tencent Music Entertainment Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Tencent Music Entertainment Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $596 Mil. Tencent Music Entertainment Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $1 Mil. Tencent Music Entertainment Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 659.83.

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 three months ended in Dec. 2023 was 0.14.

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 quarter that ended in Dec. 2023 was 0.00.

Tencent Music Entertainment Group Inventory Turnover Historical Data

The historical data trend for Tencent Music Entertainment Group's Inventory Turnover 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 Inventory Turnover Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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543.68

939.83

1,051.66

971.78

1,608.00

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
Inventory Turnover	Get a 7-Day Free Trial															294.02	363.01	518.59	760.61	659.83

Tencent Music Entertainment Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2514.916	/ (	(2.008	+	1.12)	/	2 )
=	2514.916	/	1.564
=	1,608.00

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	595.501	/ (	(0.685	+	1.12)	/	2 )
=	595.501	/	0.9025
=	659.83

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

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Dec. 2023 is calculated as:

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

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.9025	/	965.379
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Tencent Music Entertainment Group Inventory Turnover 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.