Uber Technologies Inc (UBER)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,110,000	-1,832,000	-3,834,000	-4,863,000	-8,596,000
Total assets	US$ in thousands	38,699,000	32,109,000	38,774,000	33,252,000	31,761,000
Operating ROA		2.87%	-5.71%	-9.89%	-14.62%	-27.06%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $1,110,000K ÷ $38,699,000K
= 2.87%

The operating return on assets (ROA) for Uber Technologies Inc has shown a noticeable improvement over the past five years, indicating a positive trend in the company's operational efficiency and profitability. The operating ROA increased from -27.06% in 2019 to 2.87% in 2023, reflecting an enhanced ability to generate operating income relative to its total assets.

The significant improvement in operating ROA suggests that Uber has been able to better utilize its assets to generate operating profit, potentially through cost-cutting measures, enhanced operational efficiencies, or increased revenue-generating activities. This improvement is a positive sign for investors and stakeholders as it indicates the company's ability to generate more earnings from its assets.

Although there were negative operating ROA figures in the past, especially in 2019 with a figure of -27.06%, the consistent improvement in operating ROA over the years demonstrates Uber's efforts to enhance its operational performance and profitability. Monitoring this trend can provide insight into the company's overall financial health and operational effectiveness.