Uber Technologies Inc (UBER)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 38.03 | 39.11 | 20.03 | 53.29 | 56.25 | |
| Number of days of payables | days | 9.60 | 9.33 | 18.22 | 6.85 | 6.49 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 38.03
= 9.60
The number of days of payables for Uber Technologies Inc has fluctuated over the past five years. In 2023, the company took around 12.84 days to pay its suppliers and creditors, showing an improvement compared to the previous year where it took 13.52 days. In 2021, there was a significant increase in the number of days of payables to 33.57 days, indicating a longer period taken by the company to settle its payables. This was a notable change compared to 2020 when the number of days of payables decreased to 16.64 days. In 2019, the number of days of payables was relatively stable at 13.77 days. Overall, a lower number of days of payables suggests that the company is managing its payables efficiently and has a quicker turnover of payments to suppliers and creditors.
Peer comparison
Dec 31, 2023