Uber Technologies Inc (UBER)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,887,000	1,053,000	-374,000	-3,369,000	-9,142,000	-8,845,000	-10,063,000	-6,318,000	-496,000	-2,357,000	-1,022,000	-3,941,000	-6,769,000	-6,896,000	-6,969,000	-10,430,000	-8,506,000
Total assets	US$ in thousands	38,699,000	35,949,000	34,068,000	32,451,000	32,109,000	31,112,000	31,014,000	32,812,000	38,774,000	36,884,000	36,251,000	34,655,000	33,252,000	28,894,000	28,240,000	30,090,000	31,761,000	32,292,000	30,980,000	24,390,000
ROA		4.88%	2.93%	-1.10%	-10.38%	-28.47%	-28.43%	-32.45%	-19.26%	-1.28%	-6.39%	-2.82%	-11.37%	-20.36%	-23.87%	-24.68%	-34.66%	-26.78%

December 31, 2023 calculation

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

The return on assets (ROA) for Uber Technologies Inc has shown a positive trend over the last two quarters of 2023, with the ROA increasing from 2.93% in Q3 to 4.88% in Q4. This indicates that the company is generating more profit relative to its assets in these recent periods. However, it is important to note that Uber experienced negative ROA in the first half of 2023, reaching its lowest point at -32.45% in Q2.

Comparing the ROA figures to the previous year, Uber's performance has significantly improved as the company reported negative ROA values in Q1 and Q2 of 2022, with the ROA gradually decreasing throughout that year. The steep decline in ROA in late 2022 was followed by a recovery trajectory in 2023.

Overall, the positive ROA in recent quarters indicates that Uber has been able to generate favorable returns from its assets, reflecting potential improvements in efficiency and profitability. However, given the fluctuations in ROA observed in the historical data, it is crucial for investors and stakeholders to closely monitor Uber's financial performance and asset utilization in the upcoming quarters.