Uber Technologies Inc (UBER)

Working capital 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 current assets	US$ in thousands	12,245,000	15,331,000	12,483,000	12,074,000	11,297,000	10,679,000	10,664,000	9,196,000	9,249,000	9,368,000	8,751,000	8,665,000	8,819,000	9,684,000	7,783,000	8,295,000	9,882,000	9,412,000	9,662,000	11,114,000
Total current liabilities	US$ in thousands	11,476,000	10,835,000	10,318,000	9,993,000	9,454,000	9,405,000	8,635,000	8,683,000	8,853,000	9,020,000	8,945,000	8,652,000	9,024,000	8,126,000	7,684,000	7,288,000	6,865,000	6,921,000	5,891,000	6,631,000
Working capital turnover		57.19	9.33	18.50	18.54	20.23	28.22	17.25	65.98	80.50	83.47	—	1,646.62	—	9.53	132.59	11.36	4.00	5.21	3.62	3.25

December 31, 2024 calculation

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

The working capital turnover ratio for Uber Technologies Inc has shown a fluctuating trend over the periods provided. It increased from 3.25 in March 2020 to a peak of 1,646.62 in March 2022, indicating a significant improvement in how efficiently the company utilized its working capital to generate revenue. However, there was a sharp decline in the ratio in June 2023 to 17.25 and further decreased to 9.33 by September 2024.

The increase in working capital turnover ratio signifies that Uber was able to generate more revenue using its working capital efficiently, which is a positive indicator of operational performance. On the other hand, the significant declines observed in the ratios in later periods may indicate challenges in managing working capital effectively or changes in the business environment that impacted the company's revenue generation relative to its working capital.

Overall, it would be advisable for Uber to closely monitor its working capital turnover ratio to ensure optimal utilization of resources and sustainable revenue generation in the future.