Turtle Financial Statements From 2010 to 2020

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HEAR -- USA Stock  

Report: 13th of August 2020  

Turtle Beach financial statements provide useful quartarly and yearly information to potential investors in Turtle Beach about the current and past financial position of the company, as well as its overall management performance and changes in basic fundamentals over time. There are over one hundred six available fundamental trend indicators for Turtle Beach which can be analyzed over time and compared to other ratios. Please make sure you to double-check Turtle Beach current fundamental performance against the performance between 2010 and 2020 to make sure the trends are evolving in the right direction. Turtle Beach PPandE Turnover is relatively stable at the moment as compared to the past year. Turtle Beach reported last year PPandE Turnover of 47.80. As of 07/13/2020, Receivables Turnover is likely to grow to 5.05, while Average Assets are likely to drop slightly above 103.2 M.

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Check Turtle Beach financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 168.3 M, Consolidated Income of 19.4 M or Cost of Revenue of 139.1 M, as well as many exotic indicators such as Interest Coverage of 8.99, Long Term Debt to Equity of 0.49 or PPandE Turnover of 50.77. This can be a perfect complement to check Turtle Beach Valuation or Volatility. It can also complement various Turtle Beach Technical models. Please check the analysis of Turtle Beach Correlation with competitors.

  Turtle Beach Revenues

Turtle Beach Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets121.7 M131.4 M102.3 M
Increasing
Slightly volatile
Cash and Equivalents7.5 M8.2 MM
Increasing
Slightly volatile
Property Plant and Equipment Net4.4 MMM
Increasing
Slightly volatile
Inventory37.7 M45.7 M27.1 M
Increasing
Slightly volatile
Tax Assets7.2 M6.7 M4.9 M
Decreasing
Very volatile
Trade and Non Trade Receivables47.2 M44.5 M37.9 M
Increasing
Slightly volatile
Trade and Non Trade Payables20.6 M22.5 M17 M
Increasing
Stable
Goodwill and Intangible Assets18.9 M14.5 M21.3 M
Increasing
Very volatile
Total Liabilities75.5 M68 M75.5 M
Increasing
Slightly volatile
Shareholders Equity68.4 M63.4 M26.6 M
Increasing
Stable
Accumulated Retained Earnings Deficit(116.5 M)(113.5 M)(70.2 M)
Decreasing
Slightly volatile
Accumulated Other Comprehensive Income125.2 K116 K(115.7 K)
Decreasing
Stable
Current Assets92 M102.5 M74.4 M
Increasing
Slightly volatile
Assets Non Current29.7 M28.8 M27.9 M
Increasing
Very volatile
Current Liabilities62.6 M64.6 M55 M
Increasing
Slightly volatile
Liabilities Non Current3.5 M3.4 M26.9 M
Decreasing
Slightly volatile
Tax Liabilities235.6 K153 K454.7 K
Decreasing
Slightly volatile
Total Debt16.1 M15.7 M47.1 M
Decreasing
Stable
Debt Current16.1 M15.7 M35.4 M
Decreasing
Stable
Debt Non Current9.3 MM14.3 M
Increasing
Stable
Shareholders Equity USD68.4 M63.4 M26.6 M
Increasing
Stable
Cash and Equivalents USD7.5 M8.2 MM
Increasing
Slightly volatile
Total Debt USD16.1 M15.7 M47.1 M
Decreasing
Stable
Accounts Payable24.3 M22.5 M16.4 M
Increasing
Slightly volatile
Receivables40.3 M44.5 M38.4 M
Increasing
Slightly volatile
Inventories49.3 M45.7 M27.1 M
Increasing
Slightly volatile

Turtle Beach Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues206.7 M234.7 M181.3 M
Increasing
Slightly volatile
Cost of Revenue139.1 M155.9 M123.2 M
Increasing
Slightly volatile
Selling General and Administrative Expense51.4 M60.4 M41.1 M
Increasing
Slightly volatile
Research and Development Expense7.1 M7.9 M5.9 M
Increasing
Slightly volatile
Operating Expenses65 M68.3 M58.8 M
Increasing
Slightly volatile
Interest Expense953.4 K929 K4.6 M
Decreasing
Very volatile
Income Tax Expense(6.4 M)(6.2 M)2.6 M
Decreasing
Slightly volatile
Consolidated Income19.4 M17.9 M(6.1 M)
Increasing
Very volatile
Net Income to Non Controlling Interests22.2 M22.4 M24.4 M
Decreasing
Slightly volatile
Net Income19.4 M17.9 M(10.6 M)
Increasing
Stable
Net Income Common Stock19.4 M17.9 M(10.6 M)
Increasing
Stable
Weighted Average Shares11.9 M14.5 M8.7 M
Increasing
Slightly volatile
Weighted Average Shares Diluted13.1 M15.7 M8.9 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT13.6 M12.6 M(4.6 M)
Increasing
Very volatile
Revenues USD206.7 M234.7 M181.3 M
Increasing
Slightly volatile
Net Income Common Stock USD19.4 M17.9 M(10.6 M)
Increasing
Stable
Earning Before Interest and Taxes USD13.6 M12.6 M(4.6 M)
Increasing
Very volatile
Gross Profit67.6 M78.7 M58.1 M
Increasing
Slightly volatile
Operating Income11.3 M10.4 M93 K
Decreasing
Very volatile
Direct Expenses168.3 M155.9 M102.4 M
Increasing
Slightly volatile

Turtle Beach Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditure(2.1 M)(1.9 M)(4.1 M)
Increasing
Stable
Net Cash Flow Business Acquisitions and Disposals(11.7 M)(11.4 M)(7.4 M)
Decreasing
Slightly volatile
Net Cash Flow from Financing(24.8 M)(24.2 M)(6.1 M)
Decreasing
Slightly volatile
Issuance Repayment of Debt Securities (22.3 M)(21.7 M)(1.4 M)
Decreasing
Slightly volatile
Issuance Purchase of Equity Shares(2.9 M)(2.8 M)14.3 M
Decreasing
Slightly volatile
Payment of Dividends and Other Cash Distributions (39.8 M)(36.9 M)(40.5 M)
Increasing
Slightly volatile
Net Cash Flow from Investing(15 M)(14.6 M)(7 M)
Decreasing
Slightly volatile
Net Cash Flow from Operations42.5 M39.4 M11.6 M
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash 599.9 K556 K57.4 K
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents1.3 M1.2 M(1.5 M)
Increasing
Slightly volatile
Share Based Compensation3.2 M3.6 M2.7 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion5.2 M5.2 M4.9 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share1.341.24(1.2257)
Increasing
Stable
Earnings per Diluted Share1.121.04(1.2781)
Increasing
Stable
Earnings per Basic Share USD1.341.24(1.2257)
Increasing
Stable
Return on Average Equity0.390.365(3.4991)
Decreasing
Very volatile
Return on Average Assets0.170.161(0.104)
Increasing
Stable
Return on Invested Capital0.270.2614.1224
Decreasing
Slightly volatile
Gross Margin0.340.3350.2827
Increasing
Slightly volatile
Profit Margin0.0820.076(0.2241)
Increasing
Slightly volatile
EBITDA Margin0.0820.076(0.1558)
Increasing
Slightly volatile
Return on Sales0.05830.054(0.1922)
Increasing
Slightly volatile
Asset Turnover2.762.1066.453
Decreasing
Slightly volatile
Enterprise Value over EBITDA9.488.7870.9805
Increasing
Slightly volatile
Enterprise Value over EBIT10.8812.07.6258
Increasing
Very volatile
Price to Earnings Ratio8.227.6216.6429
Decreasing
Stable
Sales per Share20.1716.20327.7925
Decreasing
Slightly volatile
Price to Sales Ratio0.60.58315.1059
Decreasing
Slightly volatile
Price to Book Value2.542.1643.6097
Decreasing
Slightly volatile
Debt to Equity Ratio0.991.072(0.6664)
Increasing
Very volatile
Current Ratio2.091.5884.3086
Decreasing
Slightly volatile
Free Cash Flow per Share2.792.5870.7627
Increasing
Slightly volatile
Book Value per Share4.724.3771.9132
Increasing
Stable
Tangible Assets Book Value per Share9.388.0669.716
Increasing
Very volatile
Total Assets Per Share8.229.066110.2354
Increasing
Very volatile
Cash Flow Per Share2.932.71770.0184
Increasing
Slightly volatile
Return on Investment14.6213.5483(42.8881)
Increasing
Slightly volatile
Operating Margin4.84.4434(8.7497)
Increasing
Stable
Calculated Tax Rate(57.4818)(53.2758)(6.5964)
Decreasing
Slightly volatile
Receivables Turnover5.054.82224.7149
Decreasing
Stable
Inventory Turnover3.193.27683.7834
Increasing
Stable
PPandE Turnover50.7747.802645.8518
Decreasing
Stable
Cash and Equivalents Turnover26.1530.620923.2817
Increasing
Slightly volatile
Accounts Payable Turnover9.8611.66469.1035
Increasing
Slightly volatile
Accrued Expenses Turnover10.0111.067410.2068
Increasing
Slightly volatile
Interest Coverage8.9911.22393.1994
Increasing
Slightly volatile
Long Term Debt to Equity0.490.460.2888
Increasing
Slightly volatile
Quick Ratio0.790.69870.7253
Increasing
Slightly volatile
Net Current Assets as percentage of Total Assets25.9728.898923.2013
Increasing
Very volatile
Revenue to Assets1.931.78651.1855
Increasing
Slightly volatile

Turtle Beach Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share1.341.24(1.2257)
Increasing
Stable
Earnings per Diluted Share1.121.04(1.2781)
Increasing
Stable
Earnings before Tax12.6 M11.7 M(9.3 M)
Increasing
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA19.2 M17.8 M279.6 K
Increasing
Very volatile
Earnings per Basic Share USD1.341.24(1.2257)
Increasing
Stable
Earnings Before Interest Taxes and Depreciation Amortization USD19.2 M17.8 M279.6 K
Increasing
Very volatile
Market Capitalization124 M137.2 M88.5 M
Increasing
Slightly volatile
Enterprise Value149.1 M156.7 M111.2 M
Increasing
Slightly volatile
Invested Capital60.8 M59.6 M56.4 M
Increasing
Slightly volatile
Average Equity39.1 M49.2 M27 M
Increasing
Very volatile
Average Assets103.2 M111.4 M87 M
Increasing
Slightly volatile
Invested Capital Average46.9 M48.7 M41.1 M
Increasing
Slightly volatile
Tangible Asset Value102.7 M116.8 M81 M
Increasing
Slightly volatile
Return on Average Equity0.390.365(3.4991)
Decreasing
Very volatile
Return on Average Assets0.170.161(0.104)
Increasing
Stable
Free Cash Flow40.4 M37.5 M7.6 M
Increasing
Slightly volatile
Return on Invested Capital0.270.2614.1224
Decreasing
Slightly volatile
Gross Margin0.340.3350.2827
Increasing
Slightly volatile
Profit Margin0.0820.076(0.2241)
Increasing
Slightly volatile
EBITDA Margin0.0820.076(0.1558)
Increasing
Slightly volatile
Return on Sales0.05830.054(0.1922)
Increasing
Slightly volatile
Asset Turnover2.762.1066.453
Decreasing
Slightly volatile
Enterprise Value over EBITDA9.488.7870.9805
Increasing
Slightly volatile
Enterprise Value over EBIT10.8812.07.6258
Increasing
Very volatile
Price to Earnings Ratio8.227.6216.6429
Decreasing
Stable
Sales per Share20.1716.20327.7925
Decreasing
Slightly volatile
Price to Sales Ratio0.60.58315.1059
Decreasing
Slightly volatile
Price to Book Value2.542.1643.6097
Decreasing
Slightly volatile
Debt to Equity Ratio0.991.072(0.6664)
Increasing
Very volatile
Current Ratio2.091.5884.3086
Decreasing
Slightly volatile
Working Capital41 M38 M20.4 M
Increasing
Slightly volatile
Free Cash Flow per Share2.792.5870.7627
Increasing
Slightly volatile
Book Value per Share4.724.3771.9132
Increasing
Stable
Tangible Assets Book Value per Share9.388.0669.716
Increasing
Very volatile
Total Assets Per Share8.229.066110.2354
Increasing
Very volatile
Cash Flow Per Share2.932.71770.0184
Increasing
Slightly volatile
Revenue Per Employee820.7 K957.8 K860.9 K
Increasing
Slightly volatile
Net Income Per Employee79 K73.2 K(224.4 K)
Increasing
Slightly volatile
Return on Investment14.6213.5483(42.8881)
Increasing
Slightly volatile
Operating Margin4.84.4434(8.7497)
Increasing
Stable
Calculated Tax Rate(57.4818)(53.2758)(6.5964)
Decreasing
Slightly volatile
Receivables Turnover5.054.82224.7149
Decreasing
Stable
Inventory Turnover3.193.27683.7834
Increasing
Stable
PPandE Turnover50.7747.802645.8518
Decreasing
Stable
Cash and Equivalents Turnover26.1530.620923.2817
Increasing
Slightly volatile
Accounts Payable Turnover9.8611.66469.1035
Increasing
Slightly volatile
Accrued Expenses Turnover10.0111.067410.2068
Increasing
Slightly volatile
Interest Coverage8.9911.22393.1994
Increasing
Slightly volatile
Long Term Debt to Equity0.490.460.2888
Increasing
Slightly volatile
Quick Ratio0.790.69870.7253
Increasing
Slightly volatile
Net Current Assets as percentage of Total Assets25.9728.898923.2013
Increasing
Very volatile
Revenue to Assets1.931.78651.1855
Increasing
Slightly volatile

Turtle Fundamental Market Drivers

Short Percent Of Float16.41%
Forward Price Earnings30.30
Shares Short Prior Month2.65M
Average Daily Volume Last 10 Day568.91k
Average Daily Volume In Three Month743.19k
Date Short Interest15th of June 2020
Fifty Day Average12.90
Two Hundred Day Average8.98

Turtle Upcoming Events

Upcoming Quarterly Report13th of August 2020
Next Earnings Report5th of November 2020
Next Fiscal Quarter End30th of June 2020
Next Fiscal Year End9th of March 2021
Last Quarter Report31st of March 2020
Last Earning Announcement30th of June 2019

About Turtle Beach Financial Statement Charts

There are typically three primary documents that fall into the category of financial statements. These documents include Turtle Beach income statement, its balance sheet, and the statement of cash flows. Turtle Beach investors use historical funamental indicators, such as Turtle Beach's revenue or net income, 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. We offer a historical overview of the basic patterns found on Turtle Beach Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Turtle Beach. Please read more on our technical analysis and fundamental analysis pages.
 2017 2018 2019 2020 (projected)
Receivables50.53 M52.8 M44.53 M40.33 M
Inventories27.52 M49.47 M45.71 M49.32 M

Current Sentiment - HEAR

Turtle Beach Investor Sentiment

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2% Bearish
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page