Uber Technologies Inc (UBER)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,887,000	-9,141,000	-496,000	-6,768,000	-8,506,000
Total assets	US$ in thousands	38,699,000	32,109,000	38,774,000	33,252,000	31,761,000
ROA		4.88%	-28.47%	-1.28%	-20.35%	-26.78%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $1,887,000K ÷ $38,699,000K
= 4.88%

Based on the provided data, Uber Technologies Inc's return on assets (ROA) has fluctuated significantly over the past five years. In 2019, the ROA stood at -26.78%, indicating a substantial loss relative to its asset base. However, there was an improvement in the following years, with the ROA increasing to -20.35% in 2020 and further upward to -1.28% in 2021, albeit still negative.

In 2022, there was a significant negative swing in the ROA, plummeting to -28.47%, which suggests a substantial decline in asset efficiency or overall profitability. However, the most recent data for 2023 shows a notable improvement, with the ROA at 4.88%.

The positive ROA in 2023 indicates that Uber Technologies Inc generated a profit from its assets during that period. It is essential for investors and analysts to monitor this trend closely to understand the company's ability to utilize its assets efficiently and generate returns for its stakeholders. Further analysis and comparison with industry benchmarks would provide a more comprehensive assessment of Uber's asset management and performance.