Tencent Music Entertainment Group (TME) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Tencent Music Entertainment Group (TME) has a cash flow conversion efficiency ratio of 0.043x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($3.68 Billion) by net assets ($85.43 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See TME net asset quality score to measure how much of total assets are equity-financed.
Tencent Music Entertainment Group - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how Tencent Music Entertainment Group's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Tencent Music Entertainment Group cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
Tencent Music Entertainment Group Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Tencent Music Entertainment Group ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Copenhagen Airports AS
CO:KBHL
|
0.121x |
|
HELLENIC TELEC.ORG.ADR1/2
F:OTES
|
0.168x |
|
ConAgra Foods Inc
NYSE:CAG
|
0.069x |
|
ALK-Abelló A/S
CO:ALK-B
|
0.112x |
|
NINGBO SHANSHAN GDR/A
F:OJ8
|
N/A |
|
Engie Brasil Energia S.A.
SA:EGIE3
|
0.086x |
|
Sailun Jinyu Group Co Ltd
SHG:601058
|
0.071x |
|
Gaztransport & Technigaz SAS
PA:GTT
|
0.372x |
Annual Cash Flow Conversion Efficiency for Tencent Music Entertainment Group (2016–2024)
The table below shows the annual cash flow conversion efficiency of Tencent Music Entertainment Group from 2016 to 2024. For the full company profile with market capitalisation and key ratios, see Tencent Music Entertainment Group (TME) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $69.73 Billion | $10.28 Billion | 0.147x | +14.89% |
| 2023-12-31 | $57.20 Billion | $7.34 Billion | 0.128x | -15.77% |
| 2022-12-31 | $49.13 Billion | $7.48 Billion | 0.152x | +48.40% |
| 2021-12-31 | $51.05 Billion | $5.24 Billion | 0.103x | +10.77% |
| 2020-12-31 | $52.73 Billion | $4.88 Billion | 0.093x | -90.63% |
| 2019-12-31 | $6.27 Billion | $6.20 Billion | 0.989x | +563.10% |
| 2018-12-31 | $37.77 Billion | $5.63 Billion | 0.149x | +55.95% |
| 2017-12-31 | $26.15 Billion | $2.50 Billion | 0.096x | +125.98% |
| 2016-12-31 | $20.63 Billion | $873.00 Million | 0.042x | -- |
About Tencent Music Entertainment Group
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as mu… Read more