Uber Technologies Inc (UBER)

Number of days of payables

		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
Payables turnover		38.03	37.14	42.84	41.83	39.11	33.89	28.72	23.25	20.03	45.72	30.58	51.69	52.55	58.22	56.47	74.02	56.25
Number of days of payables	days	9.60	9.83	8.52	8.73	9.33	10.77	12.71	15.70	18.22	7.98	11.94	7.06	6.95	6.27	6.46	4.93	6.49

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 38.03
= 9.60

To analyze Uber Technologies Inc's number of days of payables, we observe a decreasing trend from Q1 2022 to Q2 2023, indicating an improvement in the company's management of its payables. The number of days of payables has significantly reduced from 26.97 days in Q1 2022 to 11.92 days in Q2 2023. This implies that Uber is taking less time to pay off its suppliers or vendors, potentially indicating a more efficient cash flow management.

The decreasing trend in the number of days of payables could be due to various reasons, such as negotiating better payment terms with suppliers, streamlining internal processes, or enhancing working capital management strategies. This trend suggests that Uber may be effectively managing its payables to optimize its cash flow and working capital efficiency.

Overall, the improvement in Uber's number of days of payables reflects positively on the company's financial management practices, indicating a potential positive impact on its liquidity position and overall financial health.