Tencent Music Entertainment Stock Return On Asset
| 63TA Stock | EUR 17.60 0.60 3.30% |
Fundamental analysis of Tencent Music allows traders to better anticipate movements in Tencent Music's stock price by examining its financial health and performance throughout various phases of its business cycle.
Tencent |
Tencent Music Entertainment Company Return On Asset Analysis
Tencent Music's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Tencent Music Entertainment has a Return On Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Return On Asset (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).
Tencent Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tencent Music's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tencent Music could also be used in its relative valuation, which is a method of valuing Tencent Music by comparing valuation metrics of similar companies.Tencent Music is currently under evaluation in return on asset category among its peers.
Tencent Fundamentals
| Current Valuation | 10.7 B | |||
| Price To Book | 1.96 X | |||
| Price To Sales | 3.13 X | |||
| Revenue | 31.24 B | |||
| EBITDA | 4.75 B | |||
| Net Income | 3.03 B | |||
| Total Debt | 5.06 B | |||
| Cash Flow From Operations | 5.24 B | |||
| Price To Earnings To Growth | 1.36 X | |||
| Market Capitalization | 10.16 B | |||
| Total Asset | 67.25 B | |||
| Z Score | 1.2 | |||
| Net Asset | 67.25 B |
About Tencent Music Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tencent Music Entertainment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tencent Music using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tencent Music Entertainment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Currently Active Assets on Macroaxis
| USOI | Credit Suisse X Links | |
| ULTY | Tidal Trust II | |
| CONY | YieldMax N Option | |
| BCAT | BlackRock Capital Allocation | |
| PDI | Pimco Dynamic Income |
Additional Information and Resources on Investing in Tencent Stock
When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tencent Music Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.