Uber Technologies Inc (UBER)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.05 | 9.14 | 5.83 | 7.25 | 7.92 | |
| DSO | days | 40.35 | 39.95 | 62.57 | 50.36 | 46.10 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.05
= 40.35
To analyze Uber Technologies Inc's Days Sales Outstanding (DSO) over the past five years, we observe a fluctuating trend.
In 2019, the DSO was at 42.36 days, showing that, on average, it took the company 42.36 days to collect its accounts receivable. This number decreased slightly to 50.36 days in 2020 before dropping further to 62.57 days in 2021.
However, in the last two years, there has been an improvement in the collection period. The DSO decreased to 39.95 days in 2022 and then to 40.35 days in 2023. This suggests that Uber has been more efficient in collecting its accounts receivable in recent years, which can positively impact its cash flow and overall financial health.
It is important for Uber to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain a healthy liquidity position.
Peer comparison
Dec 31, 2023