Uber Technologies Inc (UBER)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 27,506,000 | 26,329,000 | 25,194,000 | 23,366,000 | 22,457,000 | 21,707,000 | 21,254,000 | 20,892,000 | 19,659,000 | 17,456,000 | 14,721,000 | 11,667,000 | 9,351,000 | 7,688,000 | 6,864,000 | 6,017,000 | 6,093,000 | 6,579,000 | 6,825,000 | 7,313,000 |
| Inventory | US$ in thousands | — | — | — | — | — | 833,000 | 909,000 | 897,000 | 680,000 | 593,000 | 1,391,000 | 1,513,000 | 631,000 | 414,000 | 324,000 | 247,000 | 767,000 | 218,000 | 123,000 | 193,000 |
| Inventory turnover | — | — | — | — | — | 26.06 | 23.38 | 23.29 | 28.91 | 29.44 | 10.58 | 7.71 | 14.82 | 18.57 | 21.19 | 24.36 | 7.94 | 30.18 | 55.49 | 37.89 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $27,506,000K ÷ $—K
= —
The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times a company sells and replaces its inventory over a certain period, usually a year. For Uber Technologies Inc, the inventory turnover has fluctuated over the past few years, with values ranging from a high of 55.49 in June 2020 to a low of 7.71 in March 2022.
A high inventory turnover indicates that Uber is selling and replacing its inventory quickly, which is generally seen as a positive sign as it suggests efficient operations and reduces the risk of obsolete inventory. On the other hand, a low inventory turnover may indicate overstocking, slow sales, or inefficient inventory management.
It is important to note that inventory turnover ratios can vary significantly between industries, so it is essential to benchmark Uber's ratio against industry peers for a more meaningful comparison. Additionally, trends in inventory turnover should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of Uber's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2024
Dec 31, 2024