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Tencent Music Entertainment Group (NYSE:TME) has seen returns on capital employed (ROCE) increase to 12% over the past five years, with a 83% increase in capital employed. This indicates that the company is efficiently reinvesting earnings at higher rates of return, making it a compounding machine. The ROCE is higher than the Entertainment industry average of 8.8%, and the stock has generated a 62% return over the past five years.
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