Uber Technologies Inc (UBER)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover	—	—	28.91	5.69	6.72
Receivables turnover	—	—	—	—	—
Payables turnover	—	—	—	—	—
Working capital turnover	57.19	20.23	80.50	—	3.69

Based on the provided data on Uber Technologies Inc's activity ratios, let's analyze each ratio:

1. Inventory Turnover:
- The inventory turnover ratio indicates how efficiently a company manages its inventory. Uber's inventory turnover decreased from 6.72 in 2020 to 5.69 in 2021, suggesting a decline in the rate at which Uber is selling its inventory. However, there was a significant improvement in 2022 where the ratio surged to 28.91, indicating a rapid turnover of inventory that year. There is no data provided for 2023 and 2024, which makes it challenging to assess the trend in inventory turnover for those years.

2. Receivables Turnover:
- The receivables turnover ratio reflects how quickly a company collects its accounts receivable. The data indicates that there is no information available for receivables turnover for all years, making it difficult to evaluate Uber's efficiency in collecting receivables.

3. Payables Turnover:
- The payables turnover ratio measures how efficiently a company pays its suppliers. Unfortunately, the data does not provide any information on payables turnover for any of the years, so we cannot assess Uber's performance in this regard.

4. Working Capital Turnover:
- The working capital turnover ratio shows how effectively a company utilizes its working capital to generate sales revenue. Uber's working capital turnover was 3.69 in 2020, which then lacked data in 2021. In 2022, there was a significant increase to 80.50, indicating a substantial improvement in efficiency in converting working capital into revenue. The ratio decreased to 20.23 in 2023 but rose again to 57.19 in 2024, showing variations in the utilization of working capital over the years.

In conclusion, based on the available data, Uber's activity ratios demonstrate mixed performance over the years, with notable improvements in inventory turnover in 2022 and working capital turnover in 2024. However, the lack of data for receivables turnover and payables turnover limits a comprehensive assessment of Uber's overall efficiency in managing its working capital and inventory.

Average number of days

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Days of inventory on hand (DOH)	days	—	—	12.63	64.13	54.32
Days of sales outstanding (DSO)	days	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—

The activity ratios of Uber Technologies Inc provide insights into the company's efficiency in managing its working capital and operations. Based on the data provided:

1. Days of Inventory on Hand (DOH):
- As of December 31, 2020: 54.32 days
- As of December 31, 2021: 64.13 days
- As of December 31, 2022: 12.63 days
- As of December 31, 2023: Not available
- As of December 31, 2024: Not available

The Days of Inventory on Hand ratio shows the number of days it takes for Uber to sell its inventory. A lower number of days indicates quicker turnover and better inventory management. Uber has decreased its DOH from 2021 to 2022 significantly, indicating improved efficiency in managing its inventory.

2. Days of Sales Outstanding (DSO):
- As of December 31, 2020: Not available
- As of December 31, 2021: Not available
- As of December 31, 2022: Not available
- As of December 31, 2023: Not available
- As of December 31, 2024: Not available

The Days of Sales Outstanding ratio measures how quickly the company collects payments from its customers. Unfortunately, the data is not available for DSO, making it challenging to assess Uber's efficiency in collecting payments.

3. Number of Days of Payables:
- As of December 31, 2020: Not available
- As of December 31, 2021: Not available
- As of December 31, 2022: Not available
- As of December 31, 2023: Not available
- As of December 31, 2024: Not available

The Number of Days of Payables ratio reflects how long Uber takes to pay its suppliers. The absence of data on payables days hinders our ability to evaluate the company's payment practices.

In conclusion, based on the available DOH data, Uber showed improvement in managing its inventory efficiently from 2021 to 2022. However, the lack of information on DSO and payables days limits a comprehensive analysis of the company's overall activity ratios and working capital management.

Long-term

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Fixed asset turnover	—	—	15.31	5.39	6.14
Total asset turnover	0.86	0.96	0.99	0.45	0.33

The fixed asset turnover ratio for Uber Technologies Inc shows a declining trend over the years, decreasing from 6.14 in 2020 to 5.39 in 2021 and then rising significantly to 15.31 in 2022. However, no data is available for 2023 and 2024. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue, with a higher ratio generally being more favorable.

On the other hand, the total asset turnover ratio for Uber demonstrates an increasing trend from 0.33 in 2020 to 0.45 in 2021 and further to 0.99 in 2022. Subsequently, this ratio slightly decreased to 0.96 in 2023 and then to 0.86 in 2024. The total asset turnover ratio measures the company's ability to generate revenue relative to its total assets, indicating how efficiently the company is utilizing all its assets to generate sales.

In general, while the fixed asset turnover ratio fluctuated, the total asset turnover ratio showed an overall increasing trend until 2022, with a slight decline in the following years. This analysis suggests that Uber was effectively managing its assets to generate revenue, although the performance in the later years appears to have dipped slightly.