Turtle Beach Financials

HEAR Stock  USD 15.12  0.28  1.89%   
Based on the key indicators obtained from Turtle Beach's historical financial statements, Turtle Beach Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Turtle Beach's Good Will is relatively stable compared to the past year. As of 11/22/2024, Property Plant Equipment is likely to grow to about 17.3 M, while Other Current Liabilities is likely to drop slightly above 14.6 M. Key indicators impacting Turtle Beach's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio4.192.2164
Way Up
Slightly volatile
The financial analysis of Turtle Beach is a critical element in measuring its lifeblood. Investors should not minimize Turtle Beach's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(16.8 Million)

  
Understanding current and past Turtle Beach Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Turtle Beach's financial statements are interrelated, with each one affecting the others. For example, an increase in Turtle Beach's assets may result in an increase in income on the income statement.

Turtle Beach Earnings Geography

Turtle Beach Stock Summary

Turtle Beach competes with VOXX International, LG Display, Vizio Holding, Emerson Radio, and Universal Electronics. Turtle Beach Corporation operates as an audio technology company. The company was founded in 1975 and is headquartered in White Plains, New York. Turtle Beach operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 272 people.
Specialization
Consumer Discretionary, Consumer Durables & Apparel
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS9004502061
CUSIP900450206 900450107 699172201 699172102
LocationCalifornia; U.S.A
Business Address44 South Broadway,
SectorHousehold Durables
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitecorp.turtlebeach.com
Phone888 496 8001
CurrencyUSD - US Dollar

Turtle Beach Key Financial Ratios

Turtle Beach Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets131.4M203.5M230.5M163.4M150.0M111.8M
Other Current Liab26.4M30.5M34.2M21.3M24.2M14.6M
Accounts Payable22.5M42.5M40.5M19.8M26.9M17.2M
Net Receivables44.5M43.9M36.0M43.3M54.4M39.2M
Inventory45.7M71.3M101.9M71.3M44.0M34.4M
Total Liab68.0M87.1M89.1M74.4M64.9M64.3M
Total Current Assets102.5M170.0M193.1M135.2M124.9M85.0M
Intangible Assets6.0M5.1M5.8M2.6M1.7M1.6M
Net Debt7.4M(40.7M)(30.0M)7.7M(18.7M)(17.8M)
Retained Earnings(113.5M)(74.8M)(57.1M)(116.6M)(134.3M)(127.6M)
Cash8.2M46.7M37.7M11.4M18.7M12.9M
Other Current Assets4.1M16.3M35.0M9.2M7.7M7.3M
Short Term Debt15.7M896K765K19.1M1.3M1.2M
Net Tangible Assets48.9M103.1M124.9M75.6M87.0M91.3M
Good Will1.0M8.5M8.2M10.7M9.6M10.5M
Capital Surpluse169.4M176.8M190.6M198.3M228.0M132.9M
Other Liab2.1M8.4M11.0M2.6M3.0M5.0M
Other Assets8.5M13.6M(1K)549K631.4K599.8K

Turtle Beach Key Income Statement Accounts

The reason investors look at the income statement is to determine what Turtle Beach's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense929K467K383K1.2M504K478.8K
Total Revenue234.7M360.1M366.4M240.2M258.1M166.5M
Gross Profit78.7M133.8M128.4M49.2M75.5M52.2M
Operating Income7.4M49.2M15.2M(49.6M)(15.8M)(16.6M)
Ebit7.4M52.9M20.5M(53.2M)(16.8M)(16.0M)
Research Development7.9M12.3M17.5M19.1M17.1M18.0M
Ebitda12.6M58.2M25.8M(47.4M)(12.0M)(11.4M)
Cost Of Revenue156.0M226.3M238.0M191.0M182.6M114.3M
Income Before Tax11.7M52.5M20.1M(54.5M)(17.3M)(18.2M)
Net Income17.9M38.7M17.7M(59.5M)(17.7M)(16.8M)
Income Tax Expense(6.2M)13.7M2.4M5.1M338K321.1K
Tax Provision(6.2M)13.7M2.4M5.1M17.2M18.1M
Net Interest Income(929K)(467K)(383K)(1.2M)(830K)(871.5K)

Turtle Beach Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory7.3M(30.7M)(32.2M)22.1M27.3M28.7M
Free Cash Flow37.5M45.4M(5.9M)(45.4M)24.9M26.1M
Depreciation5.2M5.2M5.3M5.8M4.8M4.1M
Other Non Cash Items1.2M6.8M(1.9M)5.7M1.6M1.5M
Capital Expenditures1.9M5.7M5.6M3.5M2.2M2.9M
Net Income17.9M38.7M17.7M(59.5M)(17.7M)(16.8M)
Change In Cash1.2M38.4M(9.0M)(26.3M)7.3M7.7M
End Period Cash Flow8.2M46.7M37.7M11.4M18.7M12.9M
Net Borrowings(37.7M)(21.7M)(15.7M)19.1M21.9M23.0M
Change To Netincome(414K)10.2M8.9M19.7M22.7M19.5M
Change Receivables(7.0M)9.9M(1.8M)9.7M11.1M11.7M
Investments(14.6M)(5.7M)(8.1M)(3.5M)(3.6M)(3.8M)

Turtle Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Turtle Beach's current stock value. Our valuation model uses many indicators to compare Turtle Beach value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Turtle Beach competition to find correlations between indicators driving Turtle Beach's intrinsic value. More Info.
Turtle Beach Corp is rated # 4 in return on equity category among its peers. It is rated # 2 in return on asset category among its peers reporting about  0.79  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Turtle Beach Corp is roughly  1.27 . At this time, Turtle Beach's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Turtle Beach by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Turtle Beach Corp Systematic Risk

Turtle Beach's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Turtle Beach volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Turtle Beach Corp correlated with the market. If Beta is less than 0 Turtle Beach generally moves in the opposite direction as compared to the market. If Turtle Beach Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Turtle Beach Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Turtle Beach is generally in the same direction as the market. If Beta > 1 Turtle Beach moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Turtle Beach Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Turtle Beach's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Turtle Beach growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.16

At this time, Turtle Beach's Price Earnings To Growth Ratio is relatively stable compared to the past year.

Turtle Beach November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Turtle Beach help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Turtle Beach Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Turtle Beach Corp based on widely used predictive technical indicators. In general, we focus on analyzing Turtle Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Turtle Beach's daily price indicators and compare them against related drivers.

Additional Tools for Turtle Stock Analysis

When running Turtle Beach's price analysis, check to measure Turtle Beach's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.