Turtle Income Before Tax vs Operating Income Analysis
HEAR Stock | USD 14.14 0.09 0.64% |
Turtle Beach financial indicator trend analysis is much more than just breaking down Turtle Beach Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Turtle Beach Corp is a good investment. Please check the relationship between Turtle Beach Income Before Tax and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Income Before Tax vs Operating Income
Income Before Tax vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Turtle Beach Corp Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between Turtle Beach's Income Before Tax and Operating Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Turtle Beach Corp, assuming nothing else is changed. The correlation between historical values of Turtle Beach's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Turtle Beach Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Turtle Beach's Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Turtle Beach income statement and is an important metric when analyzing Turtle Beach Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Operating Income
Operating Income is the amount of profit realized from Turtle Beach Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Turtle Beach Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Turtle Beach's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Turtle Beach Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. At this time, Turtle Beach's Tax Provision is relatively stable compared to the past year. As of 04/28/2024, Enterprise Value is likely to grow to about 198.1 M, while Selling General Administrative is likely to drop slightly above 19 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 108.0M | 98.8M | 89.2M | 51.7M | Cost Of Revenue | 238.0M | 191.0M | 183.6M | 114.3M |
Turtle Beach fundamental ratios Correlations
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Turtle Beach Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Turtle Beach fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 131.4M | 203.5M | 230.5M | 163.4M | 150.0M | 111.8M | |
Other Current Liab | 26.4M | 36.1M | 37.7M | 25.4M | 23.0M | 15.4M | |
Total Current Liabilities | 64.6M | 78.7M | 78.2M | 64.3M | 56.3M | 48.9M | |
Total Stockholder Equity | 63.4M | 116.4M | 141.4M | 88.9M | 85.1M | 47.5M | |
Property Plant And Equipment Net | 4.0M | 6.6M | 7.0M | 6.4M | 11.8M | 12.4M | |
Accounts Payable | 22.5M | 42.5M | 40.5M | 19.8M | 26.9M | 17.2M | |
Non Current Assets Total | 28.8M | 33.5M | 37.4M | 28.2M | 25.1M | 26.8M | |
Net Receivables | 44.5M | 43.9M | 36.0M | 43.3M | 54.4M | 39.2M | |
Common Stock Shares Outstanding | 15.7M | 16.4M | 18.3M | 16.5M | 17.1M | 10.9M | |
Liabilities And Stockholders Equity | 131.4M | 203.5M | 230.5M | 163.4M | 150.0M | 111.8M | |
Non Current Liabilities Total | 3.4M | 8.4M | 11.0M | 10.1M | 8.6M | 15.5M | |
Inventory | 45.7M | 71.3M | 101.9M | 71.3M | 44.0M | 34.4M | |
Other Stockholder Equity | 176.8M | 190.6M | 198.3M | 206.9M | 220.2M | 116.4M | |
Total Liab | 68.0M | 87.1M | 89.1M | 74.4M | 64.9M | 64.3M | |
Property Plant And Equipment Gross | 4.0M | 6.6M | 30.1M | 33.8M | 35.7M | 37.5M | |
Total Current Assets | 102.5M | 170.0M | 193.1M | 135.2M | 124.9M | 85.0M | |
Accumulated Other Comprehensive Income | 116K | 589K | 127K | (1.4M) | (849K) | (806.6K) | |
Intangible Assets | 6.0M | 5.1M | 5.8M | 2.6M | 1.7M | 1.6M | |
Short Long Term Debt Total | 15.7M | 6.0M | 7.8M | 19.1M | 7.7M | 7.3M | |
Net Debt | 7.4M | (40.7M) | (30.0M) | 7.7M | (11.0M) | (10.4M) | |
Retained Earnings | (113.5M) | (74.8M) | (57.1M) | (116.6M) | (134.3M) | (127.6M) | |
Cash | 8.2M | 46.7M | 37.7M | 11.4M | 18.7M | 12.9M | |
Non Currrent Assets Other | 2.9M | 6.6M | 8.1M | 8.5M | 862K | 818.9K | |
Cash And Short Term Investments | 8.2M | 46.7M | 37.7M | 11.4M | 18.7M | 12.9M | |
Other Current Assets | 4.1M | 8.1M | 17.5M | 9.2M | 7.7M | 5.3M | |
Short Term Debt | 15.7M | 896K | 765K | 19.1M | 1.3M | 1.2M | |
Net Tangible Assets | 48.9M | 103.1M | 124.9M | 75.6M | 87.0M | 91.3M | |
Good Will | 1.0M | 8.5M | 8.2M | 10.7M | 9.6M | 10.5M | |
Retained Earnings Total Equity | (131.5M) | (113.5M) | (74.8M) | (57.1M) | (51.3M) | (53.9M) | |
Capital Surpluse | 169.4M | 176.8M | 190.6M | 198.3M | 228.0M | 132.9M | |
Property Plant Equipment | 4.0M | 6.6M | 7.0M | 14.4M | 16.5M | 17.3M | |
Other Liab | 2.1M | 8.4M | 11.0M | 2.6M | 3.0M | 5.0M | |
Other Assets | 8.5M | 13.6M | (1K) | 549K | 631.4K | 599.8K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Turtle Beach in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Turtle Beach's short interest history, or implied volatility extrapolated from Turtle Beach options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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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 (0.73) | Earnings Share (1.03) | Revenue Per Share 15.064 | Quarterly Revenue Growth (0.01) | Return On Assets (0.06) |
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 if Turtle Beach is a good investment 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.