Roblox's Total Assets for the quarter that ended in Sep. 2024 was $6,688 Mil.
Warning Sign:
If a company builds assets at 74.7% a year, faster than its revenue growth rate of 52.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Roblox's average Total Assets Growth Rate was 21.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 60.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 74.70% per year.
During the past 6 years, Roblox's highest 3-Year average Total Assets Growth Rate was 82.00%. The lowest was 60.90%. And the median was 81.40%.
Total Assets is connected with ROA %. Roblox's annualizedROA % for the quarter that ended in Sep. 2024 was -14.55%. Total Assets is also linked to Revenue through Asset Turnover. Roblox's Asset Turnover for the quarter that ended in Sep. 2024 was 0.14.
Roblox Total Assets Historical Data
The historical data trend for Roblox's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Roblox's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Sep. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Roblox's Asset Turnover for the quarter that ended in Sep. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Roblox Total Assets Related Terms
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Roblox operates an online video game platform with 80 million daily active users that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm 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 $3.5 billion in bookings in 2023 through in-game purchases and advertising 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 than creating new games or franchises.
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