Uber Technologies Inc (UBER)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	9,856,000	1,887,000	-9,245,000	-496,000	-6,754,000
Total assets	US$ in thousands	51,244,000	38,699,000	32,109,000	38,774,000	33,252,000
ROA		19.23%	4.88%	-28.79%	-1.28%	-20.31%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $9,856,000K ÷ $51,244,000K
= 19.23%

Uber Technologies Inc's return on assets (ROA) has experienced significant fluctuations over the years based on the provided data.

As of December 31, 2020, the ROA was at a low of -20.31%, indicating that the company had a negative return on its assets, which could be attributed to inefficiencies or losses within the business operations.

By the end of December 31, 2021, the ROA improved to -1.28%, but still remained negative. This suggests that Uber was able to somewhat enhance its asset utilization but was still not generating significant returns from its assets.

In the following year, as of December 31, 2022, the ROA plummeted to -28.79%, indicating a significant decline in the company's ability to generate profits relative to its assets. This sharp decrease could signal operational challenges or financial difficulties faced by Uber during that period.

However, there was a notable turnaround in the company's performance by the end of December 31, 2023, when the ROA increased to 4.88%. This positive ROA figure suggests that Uber was able to generate a return on its assets, indicating improved operational efficiency or profitability during that period.

The positive trend continued into December 31, 2024, with the ROA rising to 19.23%. This substantial increase in ROA signifies that Uber was able to significantly enhance its performance in utilizing its assets to generate higher returns, potentially reflecting successful strategic initiatives or improved financial management.

Overall, Uber's ROA has shown mixed performance over the years, with periods of negative returns followed by notable improvements. It is essential for investors and analysts to closely monitor Uber's ROA as it provides insights into the company's efficiency in generating profits from its assets.