Uber Technologies Inc (UBER)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	35.63	32.71	33.20	41.87	16.98	16.72	13.24	27.30	34.24	40.49	48.55	16.10	64.10	116.16	82.46	154.54
Receivables turnover	9.05	9.80	10.82	10.32	9.14	9.39	8.31	6.93	5.83	7.70	7.39	6.68	7.25	9.57	11.47	11.25	7.92
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
Working capital turnover	20.23	28.22	17.25	65.98	80.50	83.47	—	1,646.62	—	9.53	129.39	10.72	3.69	4.37	3.15	2.93	1.57

Based on the provided data for Uber Technologies Inc's activity ratios, we can analyze the efficiency of the company's operations over the specified quarters.

1. Receivables Turnover:
- The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. Uber's receivables turnover has been consistently high over the quarters, ranging from 6.93 to 10.82 times. This indicates that Uber is effectively managing its accounts receivable and collecting payments in a timely manner.

2. Payables Turnover:
- The payables turnover ratio evaluates how quickly a company pays its suppliers. Uber's payables turnover has also shown a healthy trend, ranging from 13.53 to 30.63 times. A higher turnover suggests that Uber is managing its payables efficiently and taking advantage of credit terms from suppliers.

3. Working Capital Turnover:
- The working capital turnover ratio assesses how effectively a company is using its working capital to generate revenue. Uber's working capital turnover has varied significantly across quarters, from 17.25 to a notably high 1,646.62 times. Such fluctuations may indicate changes in Uber's operational efficiency and capital utilization strategies.

Overall, Uber Technologies Inc appears to have a strong focus on efficiently managing its accounts receivable and payables, as evidenced by the high turnover ratios. However, the substantial variability in the working capital turnover ratio raises questions about the consistency of Uber's working capital management practices and operational efficiency over the quarters. Further analysis and context would be necessary to fully understand the implications of these activity ratios on Uber's financial performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	10.25	11.16	10.99	8.72	21.50	21.83	27.56	13.37	10.66	9.01	7.52	22.67	5.69	3.14	4.43	2.36
Days of sales outstanding (DSO)	days	40.35	37.25	33.73	35.38	39.95	38.85	43.91	52.71	62.57	47.39	49.41	54.68	50.36	38.15	31.82	32.45	46.10
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

Days of inventory on hand (DOH) information is not available in the provided data.

Days of sales outstanding (DSO), a measure of how long it takes for the company to collect payments after making a sale, has shown an improving trend over the past few quarters. It decreased from 39.95 days in Q4 2022 to 35.38 days in Q1 2023, indicating that Uber is collecting payments from customers more efficiently.

The number of days of payables, which represents how long it takes the company to pay its suppliers, has fluctuated over the quarters. It decreased from 13.52 days in Q4 2022 to 12.44 days in Q1 2023, suggesting that Uber is paying its suppliers more promptly.

Overall, the activity ratios suggest that Uber has been managing its working capital efficiently by reducing the time it takes to collect payments from customers and improving the promptness of paying its suppliers.

Long-term

	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
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
Total asset turnover	0.96	1.00	1.03	1.04	0.99	0.93	0.82	0.65	0.45	0.40	0.35	0.31	0.33	0.38	0.42	0.44	0.41

Long-term activity ratios provide insight into how effectively a company utilizes its assets to generate sales and how well it manages its fixed assets. In the case of Uber Technologies Inc, the fixed asset turnover ratio has been consistently increasing over the last few quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests improved efficiency in utilizing its long-term assets such as vehicles and technology infrastructure.

On the other hand, the total asset turnover ratio has shown a fluctuating trend, with a general upward trajectory. This ratio measures how efficiently the company generates sales based on its total assets, including both fixed and current assets. The increasing trend in total asset turnover suggests that Uber is becoming more effective at generating revenue from all its assets.

Overall, the long-term activity ratios of Uber Technologies Inc indicate improving efficiency in asset utilization and revenue generation over the quarters under consideration, which is a positive sign for the company's long-term financial performance and sustainability.