Uber Technologies Inc (UBER)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	43,978,000	37,281,000	31,877,000	17,455,000	11,139,000
Property, plant and equipment	US$ in thousands	—	—	2,082,000	3,241,000	1,814,000
Fixed asset turnover		—	—	15.31	5.39	6.14

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $43,978,000K ÷ $—K
= —

Based on the data provided, Uber Technologies Inc's fixed asset turnover ratio has exhibited fluctuations over the years. The ratio was 6.14 at the end of December 31, 2020, indicating that for every dollar invested in fixed assets, the company generated $6.14 in revenue. Subsequently, the ratio decreased to 5.39 by December 31, 2021, suggesting a slight decline in efficiency in utilizing fixed assets to generate revenue.

However, there was a significant increase in the fixed asset turnover ratio to 15.31 by the end of December 31, 2022, which implies that Uber was able to generate significantly more revenue relative to its investment in fixed assets during that period. The lack of data for December 31, 2023, and December 31, 2024, makes it challenging to assess the trend accurately for those years.

Overall, the varying trends in Uber's fixed asset turnover ratio indicate fluctuations in the company's efficiency in utilizing its fixed assets to generate revenue. It would be important to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and potential strategic shifts impacting its asset utilization.