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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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.
Peer comparison
Dec 31, 2023