Uber Technologies Inc (UBER)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 | 13,000,000 |
| Receivables | US$ in thousands | 4,121,000 | 3,489,000 | 2,992,000 | 1,537,000 | 1,642,000 |
| Receivables turnover | 9.05 | 9.14 | 5.83 | 7.25 | 7.92 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $37,281,000K ÷ $4,121,000K
= 9.05
The receivables turnover of Uber Technologies Inc has fluctuated over the past five years. It was highest in 2022 at 9.14 times and lowest in 2021 at 5.83 times. In 2023, the receivables turnover decreased slightly to 9.05 times. This indicates that, on average, Uber has been able to convert its accounts receivables into cash approximately 9 times a year. A higher receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, while a lower ratio may indicate potential issues with collecting receivables timely. Overall, Uber's receivables turnover has shown some variability but remains within a reasonable range.
Peer comparison
Dec 31, 2023