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Roblox (NYSE:RBLX) ROA %

: -20.43% (As of Jun. 2023)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Roblox's annualized Net Income for the quarter that ended in Jun. 2023 was $-1,131 Mil. Roblox's average Total Assets over the quarter that ended in Jun. 2023 was $5,535 Mil. Therefore, Roblox's annualized ROA % for the quarter that ended in Jun. 2023 was -20.43%.

The historical rank and industry rank for Roblox's ROA % or its related term are showing as below:

RBLX' s ROA % Range Over the Past 10 Years
Min: -21.57   Med: -16.24   Max: -10.9
Current: -21.57

During the past 5 years, Roblox's highest ROA % was -10.90%. The lowest was -21.57%. And the median was -16.24%.

RBLX's ROA % is ranked worse than
77.74% of 602 companies
in the Interactive Media industry
Industry Median: -0.82 vs RBLX: -21.57

Roblox ROA % Historical Data

The historical data trend for Roblox's ROA % 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 Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
ROA %
-16.24 -10.90 -19.42 -15.34 -18.61

Roblox Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.65 -23.92 -22.27 -19.79 -20.43

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Roblox's ROA %, along with its competitors' market caps and ROA % 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 ROA % Distribution

For the Interactive Media industry and Communication Services sector, Roblox's ROA % distribution charts can be found below:

* The bar in red indicates where Roblox's ROA % falls in comparison to its industry or sector. The grey bar indicates the ROA %'s extreme value range as defined by GuruFocus.



Roblox ROA % Calculation

Roblox's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:

ROA %=Net Income (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=-924.366/( (4560.596+5375.487)/ 2 )
=-924.366/4968.0415
=-18.61 %

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

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=-1131.108/( (5471.46+5599.277)/ 2 )
=-1131.108/5535.3685
=-20.43 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2023) net income data. ROA % is displayed in the 30-year financial page.


Roblox  (NYSE:RBLX) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=-1131.108/5535.3685
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1131.108 / 2723.064)*(2723.064 / 5535.3685)
=Net Margin %*Asset Turnover
=-41.54 %*0.4919
=-20.43 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Roblox ROA % Related Terms

Thank you for viewing the detailed overview of Roblox's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Roblox (NYSE:RBLX) Business Description

Roblox logo
Traded in Other Exchanges
Address
970 Park Place, San Mateo, CA, USA, 94403
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
Daniel Sturman officer: Chief Technology 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
Amy Marie Rawlings officer: Chief Accounting Officer C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Deepika Gupta officer: Principal Accounting Officer C/O ROBLOX CORPORATION, 970 PARK PLACE, SAN MATEO CA 94403
Altos Ventures Management Inc. 10 percent owner 250 CALIFORNIA DR, FLOOR 4, BURLINGAME CA 94010
Gina Mastantuono director 237 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10017
Manuel Bronstein officer: Chief Product Officer 970 PARK PLACE, SUITE 100, SAN MATEO CA 94403
Altos Hybrid 2 P-fio, Llc 10 percent owner 2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
David Baszucki director, 10 percent owner, officer: President & CEO 970 PARK PLACE, SAN MATEO CA 94403
Craig Donato officer: Chief Business Officer 970 PARK PLACE, SAN MATEO CA 94403
Mark Reinstra officer: Gen. Counsel & Secretary 970 PARK PLACE, SAN MATEO CA 94403
Brett Tolley officer: Principal Accounting Officer 970 PARK PLACE, SAN MATEO CA 94403
Altos Hybrid Up, Llc 10 percent owner 2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Hodong Nam 10 percent owner 2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Han Kim 10 percent owner 2882 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025