Uber Technologies Inc (UBER)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,799,000 | 1,110,000 | -1,832,000 | -3,834,000 | -4,863,000 |
| Total assets | US$ in thousands | 51,244,000 | 38,699,000 | 32,109,000 | 38,774,000 | 33,252,000 |
| Operating ROA | 5.46% | 2.87% | -5.71% | -9.89% | -14.62% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,799,000K ÷ $51,244,000K
= 5.46%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates a company's efficiency in generating profits from its operational assets. Analyzing the data for Uber Technologies Inc over the period from December 31, 2020, to December 31, 2024, we can observe a significant trend.
As of December 31, 2020, Uber had a negative operating ROA of -14.62%, indicating that the company was not efficiently utilizing its assets to generate operating profits. However, there was an improvement in the following years, with the operating ROA improving to -9.89% by December 31, 2021, and further to -5.71% by December 31, 2022.
The turning point came in December 31, 2023, when Uber achieved a positive operating ROA of 2.87%, indicating a significant improvement in asset utilization and operational efficiency. This positive trend continued into December 31, 2024, with the operating ROA further increasing to 5.46%, reflecting the company's continued efforts to generate higher operating profits from its assets.
Overall, the trend in Uber's operating ROA suggests that the company has made significant strides in improving its operational efficiency and profitability over the period under analysis, transitioning from negative returns to positive returns on its assets. This indicates a positive trajectory for Uber in terms of utilizing its assets effectively to drive operating performance and generate returns for its stakeholders.
Peer comparison
Dec 31, 2024