Tencent (TCEHY) R&D/CAPEX US GAAP (year values)

2019 2020 2021 2022 2023   LTM ?
R&D/CAPEX, % 53.3% 58.5% 83.5% 120.7% 135.2%   204.3%
Changes by years, y/y, % +5pp +25pp +37pp +14pp    

Tencent. R&D/CAPEX, %

Tencent. R&D/CAPEX, changes, pp

Tencent (TCEHY) R&D/CAPEX US GAAP (quarter values)

2023Q1 2023Q2 2023Q3 2023Q4 2024Q1   LTM ?
R&D/CAPEX, % 330.0% 912.3% 164.3% 354.2% 103.1%   204.3%
Changes by years, y/y, % -3 606pp +200pp -227pp    
Changes by quarters, q/q, % +176pp +582pp -748pp +190pp -251pp    

Tencent. R&D/CAPEX, %

Tencent. R&D/CAPEX, changes, pp

Tencent. R&D/CAPEX, changes, pp