Uber Technologies Inc (UBER)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 | 13,000,000 |
| Property, plant and equipment | US$ in thousands | 2,073,000 | 2,082,000 | 1,853,000 | 1,814,000 | 1,731,000 |
| Fixed asset turnover | 17.98 | 15.31 | 9.42 | 6.14 | 7.51 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $37,281,000K ÷ $2,073,000K
= 17.98
The fixed asset turnover ratio for Uber Technologies Inc has shown a consistent upward trend over the past five years, indicating an improvement in the efficiency with which the company is utilizing its fixed assets to generate revenue. In 2023, the company's fixed asset turnover ratio reached 17.98, a significant increase from 15.31 in 2022, 9.42 in 2021, 6.14 in 2020, and 8.17 in 2019.
This increase in the fixed asset turnover ratio suggests that Uber has been successful in generating more revenue per dollar of fixed assets invested in its operations. It reflects the company's ability to efficiently utilize its property, plant, and equipment to support its business activities and drive revenue growth. The trend indicates that Uber's operational efficiency and asset utilization have been improving consistently over the years, which can be a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2023