Uber Technologies Inc (UBER)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	11,249,000	7,340,000	14,458,000	12,266,000	14,190,000
ROE		16.77%	-124.54%	-3.43%	-55.18%	-59.94%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,887,000K ÷ $11,249,000K
= 16.77%

Uber Technologies Inc's return on equity (ROE) has shown significant fluctuations over the past five years. The company's ROE was negative in three out of the five years, indicating that Uber was not effectively generating profits relative to its shareholders' equity during those periods.

In 2019, Uber reported an ROE of -59.94%, suggesting a substantial loss relative to shareholders' equity. However, the ROE improved in subsequent years, with 2020 showing a slightly better but still negative ROE of -55.18%.

The trend shifted positively in 2021, with Uber's ROE improving to -3.43%, indicating a narrower loss relative to equity. This positive trajectory continued into 2022, where Uber achieved a positive ROE of -124.54%. Although still negative, this represents a significant improvement compared to previous years.

Finally, in 2023, Uber's ROE further improved to a positive 16.77%. This suggests that the company was able to generate a profit relative to shareholders' equity during that period, demonstrating increased efficiency in utilizing equity to generate returns.

Overall, Uber Technologies Inc's ROE has displayed a volatile pattern with both negative and positive values in recent years, indicating a varying level of profitability relative to shareholders' equity. The recent turnaround to positive ROE values signals potential improvements in the company's operational efficiency and financial performance.