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 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
MSA Safety
NYSE:MSA
|
0.056x |
|
Zhejiang Sanmei Chemical Industry Co Ltd
SHG:603379
|
0.081x |
|
AIXTRON SE
XETRA:AIXA
|
0.060x |
|
DB Insurance Co Ltd
KO:005830
|
-0.197x |
|
Zhongtai Securities Co Ltd
SHG:600918
|
-0.252x |
|
GATX Corporation
NYSE:GATX
|
0.039x |
|
Chemed Corp
NYSE:CHE
|
0.077x |
|
thyssenkrupp AG
F:TKA1
|
-0.120x |
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 TME market cap overview.
| 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