Uber Technologies Inc (UBER)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	26,651,000	22,457,000	19,659,000	9,351,000	5,154,000
Inventory	US$ in thousands	—	—	680,000	1,643,000	767,000
Inventory turnover		—	—	28.91	5.69	6.72

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $26,651,000K ÷ $—K
= —

To analyze the inventory turnover of Uber Technologies Inc over the years, we can see a fluctuating trend in the efficiency of managing its inventory.

1. In December 2020, the inventory turnover ratio stood at 6.72, indicating that Uber turned over its inventory approximately 6.72 times during that year.

2. Moving to December 2021, the inventory turnover ratio decreased to 5.69, suggesting a slight decline in the efficiency of converting inventory into sales compared to the previous year.

3. The year December 2022 saw a significant improvement in inventory turnover, with a ratio of 28.91, showing a substantial increase in the efficiency of managing and selling inventory.

4. Unfortunately, data is unavailable for December 2023 and December 2024. This lack of data prevents us from assessing the inventory turnover performance of Uber in those years.

Overall, the trend in inventory turnover for Uber Technologies Inc shows variability, emphasizing the importance of effectively managing inventory levels to meet consumer demand and optimize operational efficiency.