Uber Technologies Inc (UBER)

Cash conversion cycle

		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
Days of inventory on hand (DOH)	days	—	—	—	—	—	14.01	15.61	15.67	12.63	12.40	34.49	47.33	24.63	19.66	17.23	14.98	45.95	12.09	6.58	9.63
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	days	0.00	0.00	0.00	0.00	0.00	14.01	15.61	15.67	12.63	12.40	34.49	47.33	24.63	19.66	17.23	14.98	45.95	12.09	6.58	9.63

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00

The cash conversion cycle (CCC) is a financial metric that measures how long it takes for a company to convert its investments in inventory into cash flows from sales.

Based on the provided data for Uber Technologies Inc, we observe fluctuations in the CCC over the reported periods. The CCC decreased from 9.63 days as of March 31, 2020, to reach its lowest point of 6.58 days on June 30, 2020. This signifies efficient management of working capital during this period.

However, the CCC started to increase significantly, reaching a peak of 47.33 days as of March 31, 2022. This increase in the CCC suggests a prolonged time for Uber to convert its investments in inventory into cash during this period, potentially indicating issues with liquidity management or operational inefficiencies.

Subsequently, the CCC declined to 0.00 days as of December 31, 2023, and remained at 0.00 days for the following reporting periods. A CCC of 0.00 days indicates that Uber effectively managed to convert its investments into cash almost instantly during these periods, suggesting improved efficiency in working capital management or changes in the company's operations.

Overall, the trend in Uber's cash conversion cycle reflects variations in the company's efficiency in managing its working capital and converting investments into cash over the reporting periods provided in the data. Additional contextual information and analysis would be necessary to fully understand the factors driving these fluctuations in the CCC for Uber Technologies Inc.