Uber Technologies Inc (UBER)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 2,733,000 | -8,757,000 | -505,000 | -6,502,000 | -7,902,000 |
| Long-term debt | US$ in thousands | 9,459,000 | 9,265,000 | 9,276,000 | 7,560,000 | 5,707,000 |
| Total stockholders’ equity | US$ in thousands | 11,249,000 | 7,340,000 | 14,458,000 | 12,266,000 | 14,190,000 |
| Return on total capital | 13.20% | -52.74% | -2.13% | -32.80% | -39.71% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,733,000K ÷ ($9,459,000K + $11,249,000K)
= 13.20%
The return on total capital for Uber Technologies Inc has shown a significant improvement over the past five years. Starting at -42.85% in 2019, the return on total capital has steadily increased to 5.56% in 2023. This indicates that the company is becoming more efficient in generating returns from its total capital employed. Despite some fluctuations in between, the trend overall is positive, showcasing the company's efforts in better capital utilization and optimization. This upward trajectory suggests that Uber Technologies Inc is making progress in enhancing its profitability and operational efficiency over the years.
Peer comparison
Dec 31, 2023