Roblox (Roblox) EBIT : $-1,119 Mil (TTM As of Dec. 2023)

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What is Roblox EBIT?

Roblox's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-315 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,119 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Roblox's annualized ROC % for the quarter that ended in Dec. 2023 was -25.56%. Roblox's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -92.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Roblox's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.10%.

Roblox EBIT Historical Data

The historical data trend for Roblox's EBIT 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.

* Premium members only.

Roblox EBIT Chart

Roblox Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-71.11

-264.35

-497.02

-891.95

-1,119.09

Roblox Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial														-278.60	-259.53	-276.39	-268.19	-315.10

Competitive Comparison of Roblox's EBIT

For the Electronic Gaming & Multimedia subindustry, Roblox's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Roblox's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Roblox's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Roblox's EV-to-EBIT falls into.

Roblox EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,119 Mil.

Roblox (NYSE:RBLX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Roblox's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1420.772 * ( 1 - -0.09% )	/	( (5360.977	+	5766.933)	/ 2 )
=	-1422.0506948	/	5563.955
=	-25.56 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5754.13	-	218.832	-	( 2156.342	-	max(0, 2795.135	-	2969.456	+	2156.342	))
=	5360.977

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	6168.078	-	178.098	-	( 2193.274	-	max(0, 3052.366	-	3275.413	+	2193.274	))
=	5766.933

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

2. Joel Greenblatt's definition of Return on Capital:

Roblox's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1260.396	/	( ( (1371.761 + max(-1892.409, 0))	+	(1360.467 + max(-1873.631, 0)) )	/	2 )
=	-1260.396	/	( ( 1371.761	+	1360.467 )	/	2 )
=	-1260.396	/	1366.114
=	-92.26 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(285.315	+	0	+	515.909)	-	(218.832	+	2208.531	+	266.27)
=	-1892.409

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(505.769	+	0	+	561.673)	-	(178.098	+	2406.292	+	356.683)
=	-1873.631

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Roblox's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1119.206	/	21940.992
	=	-5.10 %

Roblox EBIT Related Terms

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Roblox (Roblox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Roblox Corp (NYSE:RBLX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RBLX:Mexico R2BL34:Brazil

Address

970 Park Place, San Mateo, CA, USA, 94403

Website

https://www.corp.roblox.com

Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises.

Executives

Mark Reinstra	officer: Gen. Counsel & Secretary	970 PARK PLACE, SAN MATEO CA 94403
Gregory Baszucki	director	970 PARK PLACE, SAN MATEO CA 94403
David Baszucki	director, 10 percent owner, officer: President & CEO	970 PARK PLACE, SAN MATEO CA 94403
Amy Marie Rawlings	officer: Chief Accounting Officer	C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Manuel Bronstein	officer: Chief Product Officer	970 PARK PLACE, SUITE 100, SAN MATEO CA 94403
Han Kim	10 percent owner	2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Daniel Sturman	officer: Chief Technology Officer	970 PARK PLACE, SAN MATEO CA 94403
Barbara Messing	officer: CMKtg & People Exper Officer	C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007
Michael Guthrie	officer: Chief Financial Officer	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jason Kilar	director	208 S. AKARD ST, DALLAS TX 75202
Craig Donato	officer: Chief Business Officer	970 PARK PLACE, SAN MATEO CA 94403
Altos Management Partners Iv Lr Gp, Llc	10 percent owner	2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Deepika Gupta	officer: Principal Accounting Officer	C/O ROBLOX CORPORATION, 970 PARK PLACE, SAN MATEO CA 94403
Brett Tolley	officer: Principal Accounting Officer	970 PARK PLACE, SAN MATEO CA 94403
Altos Hybrid 2, L.p.	10 percent owner	2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025