Turtle Beach Corp
Turtle Beach Corporation operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming hea… Read more
Turtle Beach Corp (HEAR) - Total Assets
Latest total assets as of September 2024: $313.20 Million USD
Based on the latest financial reports, Turtle Beach Corp (HEAR) holds total assets worth $313.20 Million USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Turtle Beach Corp - Total Assets Trend (2008–2023)
This chart illustrates how Turtle Beach Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Turtle Beach Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Turtle Beach Corp's total assets of $313.20 Million consist of 83.3% current assets and 16.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 12.5% |
| Accounts Receivable | $54.39 Million | 36.3% |
| Inventory | $44.02 Million | 29.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.73 Million | 1.2% |
| Goodwill | $10.69 Million | 7.1% |
Asset Composition Trend (2008–2023)
This chart illustrates how Turtle Beach Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Turtle Beach Corp's current assets represent 83.3% of total assets in 2023, an increase from 61.6% in 2008.
- Cash Position: Cash and equivalents constituted 12.5% of total assets in 2023, up from 0.0% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 8.0% of total assets, a decrease from 38.0% in 2008.
- Asset Diversification: The largest asset category is accounts receivable at 36.3% of total assets.
Turtle Beach Corp Competitors by Total Assets
Key competitors of Turtle Beach Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tianma Microelectronics Co Ltd
SHE:000050
|
China | CN¥77.26 Billion |
|
Guangdong Goworld Co Ltd
SHE:000823
|
China | CN¥8.51 Billion |
|
Soyea Technology Co Ltd
SHE:000909
|
China | CN¥2.35 Billion |
|
Guangdong AVCiT Tech Hldg Co
SHE:001229
|
China | CN¥1.04 Billion |
|
Emdoor Information Co. Ltd. A
SHE:001314
|
China | CN¥3.90 Billion |
|
Guoguang Electric Co Ltd
SHE:002045
|
China | CN¥10.87 Billion |
|
Hengdian Group DMEGC Magnetics Co Ltd
SHE:002056
|
China | CN¥25.63 Billion |
|
Everybot Inc.
KQ:270660
|
Korea | ₩117.44 Billion |
Turtle Beach Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Turtle Beach Corp generates 1.72x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Turtle Beach Corp is currently not profitable relative to its asset base.
Turtle Beach Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.26 | 1.76 | 1.59 |
| Quick Ratio | 0.60 | 0.74 | 0.88 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $40.75 Million | $ 56.48 Million | $ 37.96 Million |
Turtle Beach Corp - Advanced Valuation Insights
This section examines the relationship between Turtle Beach Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.37 |
| Latest Market Cap to Assets Ratio | 1.48 |
| Asset Growth Rate (YoY) | -8.2% |
| Total Assets | $149.97 Million |
| Market Capitalization | $221.38 Million USD |
Valuation Analysis
Above Book Valuation: The market values Turtle Beach Corp's assets above their book value (1.48 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Turtle Beach Corp's assets decreased by 8.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Turtle Beach Corp (2008–2023)
The table below shows the annual total assets of Turtle Beach Corp from 2008 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $149.97 Million | -8.21% |
| 2022-12-31 | $163.39 Million | -29.12% |
| 2021-12-31 | $230.50 Million | +13.30% |
| 2020-12-31 | $203.45 Million | +54.89% |
| 2019-12-31 | $131.35 Million | +7.74% |
| 2018-12-31 | $121.92 Million | +29.36% |
| 2017-12-31 | $94.25 Million | -0.58% |
| 2016-12-31 | $94.80 Million | -45.47% |
| 2015-12-31 | $173.85 Million | -29.61% |
| 2014-12-31 | $246.97 Million | +5690.10% |
| 2013-12-31 | $4.27 Million | -43.62% |
| 2012-12-31 | $7.57 Million | +573.19% |
| 2011-12-31 | $1.12 Million | +74.45% |
| 2010-12-31 | $644.19K | -35.97% |
| 2009-12-31 | $1.01 Million | -39.52% |
| 2008-12-31 | $1.66 Million | -- |