Uber Technologies Inc (UBER)

Working capital 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 current assets US$ in thousands 12,245,000 11,297,000 9,249,000 8,819,000 9,882,000
Total current liabilities US$ in thousands 11,476,000 9,454,000 8,853,000 9,024,000 6,865,000
Working capital turnover 57.19 20.23 80.50 3.69

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $43,978,000K ÷ ($12,245,000K – $11,476,000K)
= 57.19

Working capital turnover is a financial ratio that measures how efficiently a company is utilizing its working capital to generate sales revenue. In this case, Uber Technologies Inc's working capital turnover has shown significant fluctuations over the years.

In December 31, 2020, the working capital turnover was 3.69, indicating that Uber generated $3.69 in revenue for every dollar of working capital invested. This suggests moderate efficiency in utilizing working capital to generate sales.

The data for December 31, 2021 is not available. However, in December 31, 2022, the working capital turnover surged to 80.50, indicating a substantial increase in efficiency in utilizing working capital to drive revenue generation. This could be due to improved financial management or operational efficiency.

In December 31, 2023, the working capital turnover decreased to 20.23, which is still a relatively high value compared to the initial year. This indicates that Uber continued to effectively utilize its working capital to generate sales revenue, albeit at a slightly lower rate.

By December 31, 2024, the working capital turnover increased to 57.19, indicating a strong performance in converting working capital into revenue, similar to the level seen in 2022. This suggests that Uber continued to efficiently manage its working capital to drive business growth.

Overall, the fluctuating trend in Uber Technologies Inc's working capital turnover highlights the company's varying efficiency in utilizing its working capital to generate sales revenue over the years. It is essential for investors and stakeholders to closely monitor and analyze this ratio to assess the company's operational efficiency and financial performance.


See also:

Uber Technologies Inc Working Capital Turnover