Turtle Beach (FRA:0P1A) ROCE % : 35.95% (As of Dec. 2023)

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What is Turtle Beach ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Turtle Beach's annualized ROCE % for the quarter that ended in Dec. 2023 was 35.95%.

Turtle Beach ROCE % Historical Data

The historical data trend for Turtle Beach's ROCE % 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.

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Turtle Beach ROCE % Chart

Turtle Beach Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.18

53.49

15.31

-44.02

-17.22

Turtle Beach Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-34.76	-27.17	-70.42	-12.26	35.95

Turtle Beach ROCE % Calculation

Turtle Beach's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-15.44	/	( ( (154.237 - 60.729)	+	(137.52 - 51.656) )	/ 2 )
	=	-15.44	/	( (93.508	+	85.864)	/ 2 )
	=	-15.44	/	89.686
	=	-17.22 %

Turtle Beach's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	29.216	/	( ( (146.456 - 69.781)	+	(137.52 - 51.656) )	/ 2 )
	=	29.216	/	( ( 76.675	+	85.864 )	/ 2 )
	=	29.216	/	81.2695
	=	35.95 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Turtle Beach (FRA:0P1A) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Turtle Beach ROCE % Related Terms

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Turtle Beach (FRA:0P1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Turtle Beach Corp (FRA:0P1A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HEAR:USA 0P1A:Germany

Address

44 South Broadway, 4th Floor, White Plains, NY, USA, 10601

Website

https://corp.turtlebeach.com

Turtle Beach Corp is gaming audio and accessory brand offering a broad selection of gaming headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PC, Mac, and mobile/tablet devices. The company's portfolio includes gaming headsets, PC gaming headsets, PC gaming keyboards, PC gaming mice and other accessories which are distributed internationally in North America, Europe, the Middle East, Africa, Australia, and Asia sold at thousands of storefronts, including retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target and Walmart. Geographically, it generates majority revenue from North America.

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