Uber Technologies Inc (UBER)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	37,281,000	35,952,000	35,003,000	33,846,000	31,877,000	29,048,000	25,550,000	21,406,000	17,455,000	14,842,000	12,810,000	10,794,000	11,139,000	10,896,000	11,896,000	13,149,000	13,000,000
Receivables	US$ in thousands	4,121,000	3,669,000	3,235,000	3,281,000	3,489,000	3,092,000	3,074,000	3,091,000	2,992,000	1,927,000	1,734,000	1,617,000	1,537,000	1,139,000	1,037,000	1,169,000	1,642,000	1,735,000	1,874,000	1,557,000
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $37,281,000K ÷ $4,121,000K
= 9.05

The receivables turnover ratio for Uber Technologies Inc over the past eight quarters shows a general upward trend, starting at 6.93 in Q1 2022 and peaking at 10.82 in Q2 2023. This indicates that Uber has been able to collect its accounts receivable more efficiently over time.

A high receivables turnover ratio suggests that the company is effectively managing its credit sales and collecting payment from customers in a timely manner. It also indicates that Uber is efficiently converting its credit sales into cash, reflecting strong liquidity and potentially lower credit risk.

Overall, the increasing trend in Uber's receivables turnover ratio is a positive indicator of the company's financial health and operational efficiency in managing its accounts receivable.