Tencent Holdings Limited (TCEHY) Return on Invested Capital (ROIC): 11.71%
Is Tencent Holdings Limited’s return on invested capital (ROIC) high or low?
Tencent Holdings Limited's return on invested capital (ROIC) of 11.71% is in line with its 5-year average of 12.72%, near the low end of its 5-year range (8.49%–20.22%).
As of Thursday, June 11, 2026. 0.17% above its 12-month average of 11.69%.
TCEHY Return on Invested Capital (ROIC) Chart
TCEHY Average Return on Invested Capital (ROIC) Chart
TCEHY Current vs Average Return on Invested Capital (ROIC) Chart
TCEHY Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
11.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
20.09%
CURRENT VS TTM AVG
+0.17%
CURRENT VS 3Y AVG
+14.33%
CURRENT VS 5Y AVG
-7.95%
CURRENT VS 10Y AVG
-16.04%
CURRENT VS 15Y AVG
-30.50%
CURRENT VS 20Y AVG
-41.72%
TCEHY Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tencent Holdings Limited (TCEHY) | $534.75B | 11.71% | 11.69% | 10.24% | 12.72% |
| Netflix, Inc. (NFLX) | $340.48B | 25.22% | 22.71% | 18.04% | 16.51% |
| T-Mobile US, Inc. (TMUS) | $202.64B | 7.04% | 7.04% | 5.58% | 4.72% |
| Verizon Communications Inc. (VZ) | $199.15B | 6.22% | 6.55% | 6.47% | 6.89% |
| The Walt Disney Company (DIS) | $171.33B | 8.13% | 6.75% | 4.90% | 3.95% |
| AT&T Inc. (T) | $161.27B | 5.57% | 5.30% | 3.67% | 4.11% |
| Spotify Technology S.A. (SPOT) | $100.54B | 21.05% | 18.19% | 2.45% | 0.41% |
| Comcast Corporation (CMCSA) | $85.68B | 6.42% | 7.49% | 6.93% | 6.52% |
| Electronic Arts Inc. (EA) | $50.92B | 9.36% | 10.34% | 10.06% | 9.41% |
| Reddit, Inc. (RDDT) | $32.03B | 14.86% | -5.48% | -8.00% | -8.84% |
Capital Efficiency
ROIC
11.7%
ROE
20.4%
Tencent Holdings Limited Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tencent Holdings Limited Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The return on invested capital (ROIC) for TCEHY stock is 11.71%.
- Is Tencent Holdings Limited's return on invested capital (ROIC) high or low?
- Tencent Holdings Limited's return on invested capital (ROIC) of 11.71% is in line with its 5-year average of 12.72%, near the low end of its 5-year range (8.49%–20.22%).
- What is the TTM average return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The TTM average return on invested capital (ROIC) for TCEHY stock is 11.69%.
- What is the 3Y average return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The 3Y average return on invested capital (ROIC) for TCEHY stock is 10.24%.
- What is the 5Y average return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The 5Y average return on invested capital (ROIC) for TCEHY stock is 12.72%.
- What is the 10Y average return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The 10Y average return on invested capital (ROIC) for TCEHY stock is 13.95%.
- What is the 15Y average return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The 15Y average return on invested capital (ROIC) for TCEHY stock is 16.85%.
- What is the 20Y average return on invested capital (ROIC) for Tencent Holdings Limited (TCEHY)?
- The 20Y average return on invested capital (ROIC) for TCEHY stock is 20.09%.
Tencent Holdings Limited Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 11.71% |
| 2024-12-31 | 11.67% |
| 2023-12-31 | 9.10% |
| 2022-12-31 | 8.49% |
| 2021-12-31 | 20.22% |
| 2020-12-31 | 15.14% |
| 2019-12-31 | 13.86% |
| 2018-12-31 | 14.72% |
| 2017-12-31 | 17.52% |
| 2016-12-31 | 14.51% |
| 2015-12-31 | 16.47% |
| 2014-12-31 | 19.93% |
| 2013-12-31 | 20.24% |
| 2012-12-31 | 23.62% |
| 2011-12-31 | 23.74% |
| 2010-12-31 | 28.65% |
| 2009-12-31 | 39.59% |
| 2008-12-31 | 37.91% |
| 2007-12-31 | 29.05% |
| 2006-12-31 | 29.29% |
| 2005-12-31 | 16.54% |
| 2004-12-31 | 16.50% |
| 2003-12-31 | 67.72% |
Related Metrics
About Tencent Holdings Limited
Tencent Holdings Limited is an investment holding company that specializes in providing a wide array of value-added services (VAS) and online advertising solutions, operating both within Mainland China and across international markets. The company's diverse business operations are structured into several key segments: Value-Added Services (VAS), Online Advertising, FinTech and Business Services, and other various ventures. Tencent's offerings encompass popular online games, extensive social networking platforms, cutting-edge FinTech and cloud computing solutions, and comprehensive digital advertising services. Beyond these core areas, the company is also actively involved in the production, investment, and distribution of films and television programs for external clients, alongside managing copyright licensing, merchandise sales, and related activities. Further expanding its technological and entertainment footprint, Tencent develops proprietary software, operates its significant online gaming portfolio, and delivers services in information technology, system integration, and asset management. Its cultural ventures extend to online literature and digital music entertainment platforms. Established in 1998, Tencent Holdings maintains its headquarters in Shenzhen, People's Republic of China.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Huateng Ma