Tencent Music Entertainment Group (Tencent Music Entertainment Group) Total Inventories : $1 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Tencent Music Entertainment Group Total Inventories?

Tencent Music Entertainment Group's total inventories for the quarter that ended in Dec. 2023 was $1 Mil. Tencent Music Entertainment Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tencent Music Entertainment Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.50.

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 Turnover measures how fast the company turns over its inventory within a year. Tencent Music Entertainment Group's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.00.

Tencent Music Entertainment Group Total Inventories Historical Data

The historical data trend for Tencent Music Entertainment Group's Total Inventories 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.

* Premium members only.

Tencent Music Entertainment Group Total Inventories Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

3.71

2.75

3.77

2.01

1.12

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
Total Inventories	Get a 7-Day Free Trial															2.01	1.74	0.84	0.69	1.12

Tencent Music Entertainment Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Tencent Music Entertainment Group (NYSE:TME) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Tencent Music Entertainment Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3296.966	+	0.75 * 408.672	+	0.5 * 1.12	-	2567.715
-	0	-	181.367)	/	1716.08
=	0.50

2. 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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	595.501	/	0.9025
	=	659.83

4. 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Tencent Music Entertainment Group Total Inventories Related Terms

Thank you for viewing the detailed overview of Tencent Music Entertainment Group's Total Inventories 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 » Total Inventories

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.