Uber Technologies Inc (UBER)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	37,281,000	35,952,000	35,003,000	33,846,000	31,877,000	29,048,000	25,550,000	21,406,000	17,455,000	14,842,000	12,810,000	10,794,000	11,139,000	10,896,000	11,896,000	13,149,000	13,000,000
Property, plant and equipment	US$ in thousands	2,073,000	2,100,000	2,116,000	2,142,000	2,082,000	1,942,000	1,861,000	1,853,000	1,853,000	1,781,000	1,776,000	1,757,000	1,814,000	1,883,000	1,846,000	1,851,000	1,731,000	1,537,000	1,447,000	1,325,000
Fixed asset turnover		17.98	17.12	16.54	15.80	15.31	14.96	13.73	11.55	9.42	8.33	7.21	6.14	6.14	5.79	6.44	7.10	7.51

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $37,281,000K ÷ $2,073,000K
= 17.98

Uber Technologies Inc's fixed asset turnover has been consistently increasing over the past eight quarters, indicating the company's ability to generate revenue efficiently from its investment in fixed assets.

The fixed asset turnover ratio measures how effectively a company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio signifies that the company is generating more revenue per dollar of fixed assets, which is a positive indicator of operational efficiency.

From Q1 2022 to Q4 2023, Uber's fixed asset turnover has steadily increased from 11.55 to 17.98, showcasing an upward trend in the company's efficiency in utilizing its fixed assets to drive revenue growth. This improvement suggests that Uber has been able to enhance its operational performance and optimize the utilization of its fixed assets effectively over time.

The consistent increase in fixed asset turnover indicates that Uber has been successful in managing its fixed assets efficiently, possibly through improved asset utilization, strategic investments, or operational streamlining. This trend reflects positively on the company's financial health and operational effectiveness.

Overall, the rising trend in Uber Technologies Inc's fixed asset turnover ratio indicates a positive development in the company's operational efficiency and its ability to generate revenue from its fixed assets.