Uber Technologies Inc (UBER)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	9,856,000	4,402,000	2,011,000	1,390,000	1,887,000	1,053,000	-374,000	-3,401,000	-9,180,000	-8,883,000	-10,101,000	-6,324,000	-496,000	-2,356,000	-1,021,000	-3,940,000	-6,768,000	-6,896,000	-6,969,000	-10,430,000
Total assets	US$ in thousands	51,244,000	47,117,000	41,514,000	39,599,000	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
ROA		19.23%	9.34%	4.84%	3.51%	4.88%	2.93%	-1.10%	-10.48%	-28.59%	-28.55%	-32.57%	-19.27%	-1.28%	-6.39%	-2.82%	-11.37%	-20.35%	-23.87%	-24.68%	-34.66%

December 31, 2024 calculation

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

The Return on Assets (ROA) of Uber Technologies Inc has shown a significant improvement over the quarters from March 31, 2020, to December 31, 2024. The ROA started at a negative value of -34.66% in March 2020 and gradually improved, reaching its lowest negative point of -32.57% in June 2022.

From September 2023 onwards, the ROA turned positive, indicating that the company's profitability relative to its assets began to improve. Notably, the ROA increased steadily from 2.93% in September 2023 to 19.23% in December 2024, reflecting an upward trend in the company's ability to generate profit from its assets.

Overall, the positive trend in ROA indicates that Uber Technologies Inc is becoming more efficient in utilizing its assets to generate profits, signaling potentially favorable financial performance and effective asset management strategies in the later quarters.