Tencent Music Entertainment Group (63TA) — Capital Reinvestment Ratio
Tencent Music Entertainment Group (63TA) has a Capital Reinvestment Ratio of 0.12x as of December 2025, meaning it reinvests 0% of its operating cash flow (€10.23 Billion) in capital expenditures (€1.19 Billion). Check how tangible is Tencent Music Entertainment Group's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Tencent Music Entertainment Group Capital Reinvestment Ratio (2018–2025)
This chart tracks Tencent Music Entertainment Group's Capital Reinvestment Ratio across 8 annual periods. For the full cash flow conversion analysis, see Tencent Music Entertainment Group cash flow conversion.
Annual Capital Reinvestment Ratio for Tencent Music Entertainment Group (2018–2025)
Year-by-year Capital Reinvestment Ratio for Tencent Music Entertainment Group from 2018 to 2025. See Tencent Music Entertainment Group free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | €10.23 Billion | €1.19 Billion | ▲ +15.6% |
| 2024 | 0.10x | €10.28 Billion | €1.03 Billion | ▼ -36.7% |
| 2023 | 0.16x | €7.34 Billion | €1.16 Billion | ▲ +12.7% |
| 2022 | 0.14x | €7.48 Billion | €1.05 Billion | ▲ +363.8% |
| 2021 | 0.03x | €5.24 Billion | €159.00 Million | ▲ +37.3% |
| 2020 | 0.02x | €4.88 Billion | €108.00 Million | ▲ +44.3% |
| 2019 | 0.02x | €6.20 Billion | €95.00 Million | ▼ -40.1% |
| 2018 | 0.03x | €5.63 Billion | €144.00 Million | — |