Turtle Stock Financials

HEAR
 Stock
  

USD 9.30  0.02  0.22%   

Turtle Beach Net Income Per Employee is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Net Income Per Employee of 58,293. As of 11/27/2022, Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to grow to about 27.9 M, while Average Assets are likely to drop slightly above 182.7 M.
  
With this module, you can analyze Turtle financials for your investing period. You should be able to track the changes in Turtle Beach individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Turtle Most Recent Estimates

Quarterly Earnings Growth YOY
(0.73) 
EPS Estimate Next Quarter
0.49
Diluted Eps
0.08
EPS Estimate Current Year
(1.34) 
EPS Estimate Next Year
(0.04) 
EPS Estimate Current Quarter
(0.37) 
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.

Revenues

395.28 Million

The financial analysis of Turtle Beach is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Turtle Beach includes many different criteria found on its balance sheet. For example, investors should never minimize Turtle Beach's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Turtle Beach's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Turtle Beach.

Turtle Beach Corp Cash

Chance Of Financial Distress
Less than 36
Turtle Beach Corp has less than 36 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Turtle Beach stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Turtle Beach's official financial statements usually reflect Turtle Beach's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Turtle Beach Corp. For example, before you start analyzing numbers published by Turtle accountants, it's critical to develop an understanding of what Turtle Beach's liquidity, profitability, and earnings quality are in the context of the Technology space in which it operates.
Please note, the presentation of Turtle Beach's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Turtle Beach's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Turtle Beach's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Turtle Beach Corp. Please utilize our Beneish M Score to check the likelihood of Turtle Beach's management to manipulate its earnings.

Turtle Beach Company Summary

Turtle Beach competes with Apple, Samsung Elec, and Emerson Electric. 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.
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001493761
RegionNorth America
Business Address44 South Broadway,
SectorTechnology
IndustryConsumer Electronics
BenchmarkDOW
Websitewww.parametricsound.com
Phone888 496 8001
CurrencyUSD - US Dollar
You should never invest in Turtle Beach without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Turtle Stock, because this is throwing your money away. Analyzing the key information contained in Turtle Beach's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Turtle Beach Key Financial Ratios

Generally speaking, Turtle Beach's financial ratios allow both analysts and investors to convert raw data from Turtle Beach's financial statements into concise, actionable information that can be used to evaluate the performance of Turtle Beach over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Turtle Beach Corp reports annually and quarterly.

Turtle Beach Key Balance Sheet Accounts

201720182019202020212022 (projected)
Inventories27.52 M49.47 M45.71 M71.3 M101.93 M109.98 M
Receivables50.53 M52.8 M44.53 M43.87 M35.95 M35.8 M
Accounts Payable13.46 M17.72 M22.51 M42.53 M40.48 M43.67 M
Total Assets94.25 M121.92 M131.35 M203.45 M230.5 M248.7 M
Current Assets86.77 M113.82 M102.55 M169.98 M193.11 M208.36 M
Assets Non Current7.49 M8.1 M28.8 M33.48 M37.39 M37.89 M
Cash and Equivalents5.25 M7.08 M8.25 M46.68 M37.72 M40.7 M
Total Debt66.88 M70.27 M45.23 M15.65 M14.09 M14.46 M
Debt Current38.55 M42.64 M37.38 M15.65 M14.09 M14.46 M
Debt Non Current27.54 M28.32 M27.62 M7.85 M9.03 M9.26 M
Shareholders Equity(22.16 M)37.5 M63.39 M116.4 M141.37 M152.53 M
Inventory27.52 M49.47 M45.71 M71.3 M101.93 M109.98 M
Total Liabilities116.41 M84.42 M67.96 M87.05 M89.14 M74.84 M
Current Liabilities67.55 M73.6 M64.59 M78.65 M78.17 M61.84 M
Tax Assets543 K362 K7.44 M6.95 M5.9 M5.63 M

Turtle Beach Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other 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.
201720182019202020212022 (projected)
Direct Expenses98.13 M178.74 M155.95 M226.31 M237.97 M256.76 M
Consolidated Income(3.25 M)39.19 M17.94 M38.75 M17.72 M19.12 M
Cost of Revenue98.13 M178.74 M155.95 M226.31 M237.97 M206.67 M
Gross Profit51 M108.7 M78.71 M133.79 M128.38 M107.53 M
Interest Expense7.92 M5.33 M929 K467 K383 K393.08 K
Net Income(3.25 M)39.19 M17.94 M38.75 M17.72 M19.12 M
Operating Expenses46.2 M54.66 M68.29 M84.62 M107.95 M95.92 M
Operating Income4.8 M54.04 M10.43 M49.17 M20.43 M22.04 M
Revenues149.13 M287.44 M234.66 M360.09 M366.35 M395.28 M
Income Tax Expense593 K1.74 M(6.24 M)13.71 M2.43 M2.25 M

Turtle Beach Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Turtle Beach Corp. It measures of how well Turtle is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Turtle Beach brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Turtle had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Turtle Beach has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(4.41 M)(5.08 M)(1.91 M)(5.66 M)(5.62 M)(6.06 M)
Depreciation Amortization and Accretion4.42 M4.26 M5.2 M5.25 M5.31 M5.77 M
Net Cash Flow or Change in Cash and Cash Equivalents(936 K)1.83 M1.17 M38.43 M(8.96 M)(9.2 M)
Issuance Repayment of Debt Securities(89 K)(36.74 M)(21.73 M)(15.65 M)(14.09 M)(14.46 M)
Net Cash Flow from Financing(162 K)(35.13 M)(24.18 M)(7.41 M)(56 K)(60.42 K)
Net Cash Flow from Investing(4.41 M)(5.08 M)(14.58 M)(5.66 M)(8.12 M)(8.76 M)
Net Cash Flow from Operations3.42 M42.25 M39.37 M51.05 M(327 K)(335.61 K)
Effect of Exchange Rate Changes on Cash219 K(210 K)556 K458 K(457 K)(469.03 K)
Share Based Compensation1.43 M1.88 M3.56 M5.55 M7.66 M6.07 M

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 one of the top stocks in number of shares shorted category among related companies. It is rated # 2 in current ratio category among related companies . The ratio of Number of Shares Shorted to Current Ratio for Turtle Beach Corp is about  886,364 . Turtle Beach Current Ratio is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Current Ratio of 2.47. Comparative valuation analysis is a catch-all model that can be used if you cannot value Turtle Beach by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Turtle Beach's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Turtle Beach's earnings, one of the primary drivers of an investment's value.

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 eleven with a total number of output elements of fifty. 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.
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About Turtle Beach Financials

What exactly are Turtle Beach Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Turtle Beach's income statement, its balance sheet, and the statement of cash flows. Potential Turtle Beach investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Turtle Beach investors may use each financial statement separately, they are all related. The changes in Turtle Beach's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Turtle Beach's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Turtle Beach is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Turtle has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Turtle Beach November 27, 2022 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.
Downside Deviation5.14
Information Ratio(0.001721)
Maximum Drawdown29.32
Value At Risk(8.48)
Potential Upside6.91
Please check Risk vs Return Analysis. Note that the Turtle Beach Corp information on this page should be used as a complementary analysis to other Turtle Beach's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Is Turtle Beach's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turtle Beach. If investors know Turtle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turtle Beach listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.73) 
Market Capitalization
154 M
Quarterly Revenue Growth YOY
(0.40) 
Return On Assets
(0.08) 
Return On Equity
(0.26) 
The market value of Turtle Beach Corp is measured differently than its book value, which is the value of Turtle that is recorded on the company's balance sheet. Investors also form their own opinion of Turtle Beach's value that differs from its market value or its book value, called intrinsic value, which is Turtle Beach's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turtle Beach's market value can be influenced by many factors that don't directly affect Turtle Beach's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turtle Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine Turtle Beach value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turtle Beach's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.