Uber Technologies Inc (UBER)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	11,249,000	9,358,000	8,664,000	7,508,000	7,340,000	6,247,000	6,661,000	8,916,000	14,458,000	13,931,000	14,175,000	13,598,000	12,266,000	8,942,000	9,550,000	11,342,000	14,190,000	15,062,000	15,922,000	-8,432,000
ROE		16.77%	11.25%	-4.32%	-44.87%	-124.55%	-141.59%	-151.07%	-70.86%	-3.43%	-16.92%	-7.21%	-28.98%	-55.19%	-77.12%	-72.97%	-91.96%	-59.94%

December 31, 2023 calculation

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

The return on equity (ROE) for Uber Technologies Inc has varied significantly over the past eight quarters. In Q4 2023, the ROE stood at 16.77%, indicating a positive return for shareholders, which was an improvement from the previous quarter's 11.26%. However, in Q2 2023 and Q1 2023, the ROE was negative at -4.31% and -44.86% respectively, suggesting that the company's net income was not sufficient to generate a positive return for equity investors during those periods.

The most notable deterioration in ROE occurred in Q4 2022, where it plummeted to -124.54%, followed by even lower figures in Q3 2022 and Q2 2022, indicating significant financial challenges and inefficiencies within the company during those quarters. Q1 2022 also showed a negative ROE at -70.86%.

Overall, the fluctuating trend in Uber's ROE reflects the company's varying levels of profitability and efficiency in generating returns for its shareholders. The recent improvement in Q4 2023 is a positive sign, but the company needs to consistently deliver positive ROE figures to demonstrate sustainable growth and value creation for its investors.