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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Turtle Beach's annualized net income for the quarter that ended in Mar. 2024 was $0.6 Mil. Turtle Beach's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $48.1 Mil. Therefore, Turtle Beach's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 1.29%.
The historical rank and industry rank for Turtle Beach's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Turtle Beach's highest Return-on-Tangible-Equity was 607.64%. The lowest was -255.50%. And the median was 15.55%.
The historical data trend for Turtle Beach's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Turtle Beach Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 42.06 | 51.00 | 15.55 | -59.39 | -23.84 |
Turtle Beach Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -36.43 | -95.95 | -23.87 | 51.67 | 1.29 |
For the Consumer Electronics subindustry, Turtle Beach's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, Turtle Beach's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Turtle Beach's Return-on-Tangible-Equity falls into.
Turtle Beach's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -17.679 | / | ( (75.643 | + | 72.657 ) | / 2 ) | |
= | -17.679 | / | 74.15 | ||||
= | -23.84 % |
Turtle Beach's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 0.62 | / | ( (72.657 | + | 23.615) | / 2 ) | |
= | 0.62 | / | 48.136 | ||||
= | 1.29 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Turtle Beach (NAS:HEAR) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Turtle Beach's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Cris Keirn | officer: Interim CEO | C/O TURTLE BEACH CORP, 44 SOUTH BROADWAY, 4TH FLOOR, WHITE PLAINS NY 10601 |
Katherine Lee Scherping | director | 6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111 |
Terry Jimenez | director | TRONC, INC., 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611 |
Juergen M. Stark | director, officer: See Remarks | 100 SUMMIT LAKE DRIVE, SUITE 100, VALHALLA NY 10594 |
Julia Sze | director | C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
Michelle D Wilson | director | C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902 |
Andrew Wolfe | director | 108 LEEWOOD CT., LOS GATOS CA 95032 |
William Z Wyatt | director | 240 26TH STREET, SUITE 3, SANTA MONICA CA 90402 |
John T Hanson | officer: CFO, Treasurer and Secretary | 11011 VIA FRONTERA, SUITE A/B, SAN DIEGO CA 92127 |
Lloyd Gregory Ballard | director | 2 TOWNSEND ST, #2-1003, SAN FRANCISCO CA 94107 |
William E Keitel | director | |
Brian Stech | director | 910 W. LEGACY CENTER WAY, SUITE 500, MIDVALE UT 84047 |
Yie-hsin Hung | director | 30 HUDSON STREET, JERSEY CITY NJ 07302 |
Kelly Ann Thompson | director | 921 LINCOLN PL, PACIFICA CA 94044 |
Ronald Doornink | director | 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405 |
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