Uber Technologies Inc (UBER)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 43,978,000 | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 |
| Total assets | US$ in thousands | 51,244,000 | 38,699,000 | 32,109,000 | 38,774,000 | 33,252,000 |
| Total asset turnover | 0.86 | 0.96 | 0.99 | 0.45 | 0.33 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $43,978,000K ÷ $51,244,000K
= 0.86
The total asset turnover ratio measures how efficiently a company generates revenue from its total assets. In the case of Uber Technologies Inc, the ratio has shown an improving trend over the years. As of December 31, 2020, the total asset turnover stood at 0.33, indicating that for every dollar of total assets, the company generated $0.33 in revenue. By December 31, 2021, this ratio had increased to 0.45, showing a better utilization of assets to generate revenue.
The trend continued to improve significantly in the following years, reaching 0.99 by December 31, 2022, and then slightly declining to 0.96 by December 31, 2023. This demonstrates that Uber was able to generate almost a dollar in revenue for each dollar of assets it held during these years. However, by December 31, 2024, the ratio decreased to 0.86, indicating a slight decrease in efficiency in utilizing assets to generate revenue compared to the previous years.
Overall, the total asset turnover ratios suggest that Uber Technologies Inc has been improving its efficiency in generating revenue from its assets, with some fluctuations in recent years that may warrant further analysis to understand the underlying reasons for the changes.
Peer comparison
Dec 31, 2024