Turtle Beach Corp gross margin has been in long-term decline. The average rate of decline per year is -7.8%.
The historical rank and industry rank for Turtle Beach's Gross Margin % or its related term are showing as below:
HEAR'
s Gross Margin % Range Over the Past 10 Years
Min: 20.48 Med: 31.4 Max: 37.82
Current: 30.15
During the past 13 years, the highestGross Margin % of Turtle Beach was 37.82%. The lowest was 20.48%. And the median was 31.40%.
HEAR's Gross Margin % is ranked better than 62.28% of 2439
companies
in the Hardware industry
Industry Median: 24.31
vs HEAR: 30.15
Turtle Beach had a gross margin of 31.85% for the quarter that ended in Mar. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Turtle Beach was -7.80% per year.
Turtle Beach Gross Margin % Historical Data
The historical data trend for Turtle Beach's Gross Margin % 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.
Competitive Comparison of Turtle Beach's Gross Margin %
For the Consumer Electronics subindustry, Turtle Beach's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
Turtle Beach's Gross Margin % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Turtle Beach's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Turtle Beach's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Turtle Beach had a gross margin of 31.85% for the quarter that ended in Mar. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Turtle Beach Gross Margin % Related Terms
Thank you for viewing the detailed overview of Turtle Beach's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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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