Turtle Net Invested Capital vs Total Assets 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 Net Invested Capital and its Total Assets 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.

Net Invested Capital vs Total Assets

Net Invested Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Turtle Beach Corp Net Invested Capital account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Turtle Beach's Net Invested Capital and Total Assets is 0.58. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Assets 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 Net Invested Capital and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Turtle Beach Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Invested Capital i.e., Turtle Beach's Net Invested Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Assets

Total assets refers to the total amount of Turtle Beach assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Turtle Beach Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 04/27/2024, 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

Total Operating Expenses Cost Of Revenue

Turtle Beach fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Net Debt	Retained Earnings	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Other Current Assets	Short Term Debt	Common Stock
Total Assets		0.83	0.92	0.86	0.7	0.95	0.75	0.81	0.78	0.33	0.83	0.81	0.8	0.47	0.93	0.55	0.32	-0.01	-0.27	0.65	0.52	0.65	0.3	0.76	0.34	0.31
Other Current Liab	0.83		0.8	0.76	0.63	0.9	0.3	0.65	0.91	0.09	0.95	0.92	0.62	0.54	0.96	0.06	0.06	-0.29	-0.46	0.83	0.71	0.83	0.0	0.88	0.05	0.0
Total Current Liabilities	0.92	0.8		0.61	0.68	0.84	0.6	0.94	0.83	0.54	0.76	0.85	0.94	0.35	0.9	0.43	0.57	0.26	-0.56	0.51	0.38	0.51	0.48	0.65	0.59	0.49
Total Stockholder Equity	0.86	0.76	0.61		0.56	0.89	0.67	0.44	0.62	-0.16	0.8	0.64	0.38	0.52	0.79	0.43	-0.18	-0.44	0.1	0.72	0.6	0.72	-0.15	0.74	-0.12	-0.14
Property Plant And Equipment Net	0.7	0.63	0.68	0.56		0.66	0.42	0.74	0.69	0.28	0.59	0.75	0.6	0.81	0.71	0.21	0.17	-0.07	-0.56	0.47	0.16	0.47	0.27	0.6	0.12	0.19
Accounts Payable	0.95	0.9	0.84	0.89	0.66		0.61	0.69	0.79	0.15	0.87	0.81	0.67	0.45	0.94	0.36	0.11	-0.25	-0.23	0.82	0.55	0.82	0.13	0.8	0.12	0.13
Non Current Assets Total	0.75	0.3	0.6	0.67	0.42	0.61		0.57	0.24	0.35	0.31	0.29	0.57	0.13	0.45	0.93	0.35	0.21	0.18	0.18	0.11	0.18	0.43	0.25	0.4	0.43
Net Receivables	0.81	0.65	0.94	0.44	0.74	0.69	0.57		0.76	0.65	0.57	0.81	0.94	0.36	0.77	0.45	0.68	0.44	-0.68	0.3	0.15	0.3	0.6	0.48	0.69	0.6
Common Stock Shares Outstanding	0.78	0.91	0.83	0.62	0.69	0.79	0.24	0.76		0.22	0.87	0.97	0.68	0.58	0.92	0.03	0.22	-0.09	-0.66	0.65	0.57	0.65	0.07	0.8	0.22	0.08
Non Current Liabilities Total	0.33	0.09	0.54	-0.16	0.28	0.15	0.35	0.65	0.22		0.02	0.22	0.79	-0.05	0.25	0.46	0.95	0.82	-0.52	-0.1	-0.11	-0.1	0.95	0.07	0.81	0.95
Inventory	0.83	0.95	0.76	0.8	0.59	0.87	0.31	0.57	0.87	0.02		0.87	0.56	0.61	0.95	0.06	0.01	-0.32	-0.35	0.79	0.78	0.79	-0.07	0.94	0.04	-0.06
Other Stockholder Equity	0.81	0.92	0.85	0.64	0.75	0.81	0.29	0.81	0.97	0.22	0.87		0.71	0.62	0.93	0.07	0.24	-0.06	-0.67	0.62	0.54	0.62	0.12	0.79	0.25	0.13
Total Liab	0.8	0.62	0.94	0.38	0.6	0.67	0.57	0.94	0.68	0.79	0.56	0.71		0.23	0.75	0.49	0.8	0.52	-0.62	0.33	0.23	0.33	0.73	0.5	0.76	0.73
Property Plant And Equipment Gross	0.47	0.54	0.35	0.52	0.81	0.45	0.13	0.36	0.58	-0.05	0.61	0.62	0.23		0.56	-0.11	-0.19	-0.34	-0.39	0.42	0.39	0.42	-0.07	0.7	-0.23	-0.13
Total Current Assets	0.93	0.96	0.9	0.79	0.71	0.94	0.45	0.77	0.92	0.25	0.95	0.93	0.75	0.56		0.22	0.23	-0.13	-0.47	0.78	0.65	0.78	0.16	0.89	0.23	0.17
Intangible Assets	0.55	0.06	0.43	0.43	0.21	0.36	0.93	0.45	0.03	0.46	0.06	0.07	0.49	-0.11	0.22		0.47	0.4	0.25	-0.03	-0.03	-0.03	0.49	0.02	0.48	0.51
Short Long Term Debt Total	0.32	0.06	0.57	-0.18	0.17	0.11	0.35	0.68	0.22	0.95	0.01	0.24	0.8	-0.19	0.23	0.47		0.92	-0.52	-0.22	-0.15	-0.22	0.88	-0.02	0.95	0.91
Net Debt	-0.01	-0.29	0.26	-0.44	-0.07	-0.25	0.21	0.44	-0.09	0.82	-0.32	-0.06	0.52	-0.34	-0.13	0.4	0.92		-0.37	-0.59	-0.4	-0.59	0.8	-0.34	0.91	0.82
Retained Earnings	-0.27	-0.46	-0.56	0.1	-0.56	-0.23	0.18	-0.68	-0.66	-0.52	-0.35	-0.67	-0.62	-0.39	-0.47	0.25	-0.52	-0.37		-0.12	-0.07	-0.12	-0.4	-0.32	-0.46	-0.38
Cash	0.65	0.83	0.51	0.72	0.47	0.82	0.18	0.3	0.65	-0.1	0.79	0.62	0.33	0.42	0.78	-0.03	-0.22	-0.59	-0.12		0.68	1.0	-0.18	0.79	-0.3	-0.18
Non Currrent Assets Other	0.52	0.71	0.38	0.6	0.16	0.55	0.11	0.15	0.57	-0.11	0.78	0.54	0.23	0.39	0.65	-0.03	-0.15	-0.4	-0.07	0.68		0.68	-0.24	0.76	-0.16	-0.2
Cash And Short Term Investments	0.65	0.83	0.51	0.72	0.47	0.82	0.18	0.3	0.65	-0.1	0.79	0.62	0.33	0.42	0.78	-0.03	-0.22	-0.59	-0.12	1.0	0.68		-0.18	0.79	-0.3	-0.18
Common Stock Total Equity	0.3	0.0	0.48	-0.15	0.27	0.13	0.43	0.6	0.07	0.95	-0.07	0.12	0.73	-0.07	0.16	0.49	0.88	0.8	-0.4	-0.18	-0.24	-0.18		-0.02	0.77	0.99
Other Current Assets	0.76	0.88	0.65	0.74	0.6	0.8	0.25	0.48	0.8	0.07	0.94	0.79	0.5	0.7	0.89	0.02	-0.02	-0.34	-0.32	0.79	0.76	0.79	-0.02		-0.06	-0.03
Short Term Debt	0.34	0.05	0.59	-0.12	0.12	0.12	0.4	0.69	0.22	0.81	0.04	0.25	0.76	-0.23	0.23	0.48	0.95	0.91	-0.46	-0.3	-0.16	-0.3	0.77	-0.06		0.8
Common Stock	0.31	0.0	0.49	-0.14	0.19	0.13	0.43	0.6	0.08	0.95	-0.06	0.13	0.73	-0.13	0.17	0.51	0.91	0.82	-0.38	-0.18	-0.2	-0.18	0.99	-0.03	0.8

Click cells to compare fundamentals

Turtle Beach Account Relationship Matchups

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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When determining whether Turtle Beach Corp is a strong investment it is important to analyze Turtle Beach's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Turtle Beach's future performance. For an informed investment choice regarding Turtle Stock, refer to the following important reports:

How To Invest In Turtle

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Is Turtle Stock a good investment?

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What is Turtle Beach's Net Worth?

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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.

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 Stocks Directory module to find actively traded stocks across global markets.

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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.

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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.

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Turtle Net Invested Capital vs Total Assets Analysis

Net Invested Capital vs Total Assets

Net Invested Capital vs Total Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Total Assets

Turtle Beach fundamental ratios Correlations

Turtle Beach Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Turtle Beach fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Turtle Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Common Stock Total Equity
Other Stockholder Equity	+ 0.97	Common Stock Shares Outstanding
Total Current Assets	+ 0.96	Other Current Liab
Accounts Payable	+ 0.95	Total Assets
Inventory	+ 0.95	Other Current Liab

Retained Earnings	- 0.68	Net Receivables
Retained Earnings	- 0.67	Other Stockholder Equity
Retained Earnings	- 0.66	Common Stock Shares Outstanding
Retained Earnings	- 0.62	Total Liab
Cash And Short Term Investments	- 0.59	Net Debt
Cash	- 0.59	Net Debt