Tencent Music Entertainment Group (Tencent Music Entertainment Group) Pretax Margin % : 24.72% (As of Dec. 2023)

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What is Tencent Music Entertainment Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tencent Music Entertainment Group's Pre-Tax Income for the three months ended in Dec. 2023 was $239 Mil. Tencent Music Entertainment Group's Revenue for the three months ended in Dec. 2023 was $965 Mil. Therefore, Tencent Music Entertainment Group's pretax margin for the quarter that ended in Dec. 2023 was 24.72%.

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

TME' s Pretax Margin % Range Over the Past 10 Years
Min: 2.61 Med: 14.99 Max: 21.78
Current: 21.76

TME's Pretax Margin % is ranked better than
83.28% of 580 companies
in the Interactive Media industry
Industry Median: -0.785 vs TME: 21.76

Tencent Music Entertainment Group Pretax Margin % Historical Data

The historical data trend for Tencent Music Entertainment Group's Pretax Margin % 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 Pretax Margin % Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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17.85

15.89

11.62

15.43

21.78

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
Pretax Margin %	Get a 7-Day Free Trial															18.49	19.52	21.07	21.91	24.72

Competitive Comparison of Tencent Music Entertainment Group's Pretax Margin %

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Interactive Media Industry

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

* The bar in red indicates where Tencent Music Entertainment Group's Pretax Margin % falls into.

Tencent Music Entertainment Group Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	846.615	/	3886.726
	=	21.78 %

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

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	238.649	/	965.379
	=	24.72 %

Tencent Music Entertainment Group (NYSE:TME) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Tencent Music Entertainment Group Pretax Margin % 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 » Pretax Margin %

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.