Uber Technologies Inc (UBER)

Total asset 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
Total assets	US$ in thousands	38,699,000	35,949,000	34,068,000	32,451,000	32,109,000	31,112,000	31,014,000	32,812,000	38,774,000	36,884,000	36,251,000	34,655,000	33,252,000	28,894,000	28,240,000	30,090,000	31,761,000	32,292,000	30,980,000	24,390,000
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $37,281,000K ÷ $38,699,000K
= 0.96

The total asset turnover ratio for Uber Technologies Inc has shown variability over the past eight quarters. The ratio ranged from a low of 0.65 in Q1 2022 to a high of 1.04 in Q1 2023. A total asset turnover ratio less than 1 indicates that the company is not efficiently utilizing its assets to generate revenue. The gradual increase in the ratio from 0.65 in Q1 2022 to 1.04 in Q1 2023 suggests that Uber has been improving its efficiency in generating revenue from its total assets. However, the slight decrease in Q4 2023 to 0.96 from the peak in Q1 2023 indicates a potential slowdown in asset utilization efficiency in the most recent quarter. Further analysis would be needed to determine the factors contributing to these fluctuations and to assess the company's overall operational performance.