Uber Technologies Inc (UBER)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 43,978,000 | 41,955,000 | 40,059,000 | 38,589,000 | 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 | 13,126,000 | 11,438,000 | 12,078,000 | 12,982,000 | 13,666,000 | 14,591,000 |
| Total assets | US$ in thousands | 51,244,000 | 47,117,000 | 41,514,000 | 39,599,000 | 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 |
| Total asset turnover | 0.86 | 0.89 | 0.96 | 0.97 | 0.96 | 1.00 | 1.03 | 1.04 | 0.99 | 0.93 | 0.82 | 0.65 | 0.45 | 0.40 | 0.36 | 0.33 | 0.36 | 0.45 | 0.48 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $43,978,000K ÷ $51,244,000K
= 0.86
Total asset turnover is a key financial ratio that helps assess a company's efficiency in generating sales revenue from its investments in assets. For Uber Technologies Inc, the total asset turnover has shown fluctuations over the given period. Starting at 0.48 in March 2020, the ratio decreased to 0.36 by December 2020 before experiencing a gradual increase until reaching 1.04 in March 2023. Subsequently, the ratio declined slightly to around 0.86 by December 2024.
The upward trend in total asset turnover from 2020 to 2023 indicates that Uber was able to generate more revenue relative to its assets during that period. A higher total asset turnover implies better asset utilization and efficiency in generating sales. However, the subsequent decrease in the ratio suggests a potential decline in efficiency in generating revenue from assets by the end of 2024.
Overall, Uber's total asset turnover has shown variability over time, reflecting changes in the company's ability to generate sales relative to its investment in assets. Further analysis would be required to understand the underlying reasons for these fluctuations and to assess the company's overall operational efficiency.
Peer comparison
Dec 31, 2024