Uber Technologies Inc (UBER)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,733,000 | 1,678,000 | 329,000 | -2,659,000 | -8,758,000 | -8,495,000 | -9,895,000 | -6,730,000 | -505,000 | -2,258,000 | -810,000 | -3,251,000 | -6,503,000 | -6,645,000 | -6,760,000 | -10,186,000 | -7,902,000 | |||
| Long-term debt | US$ in thousands | 9,459,000 | 9,252,000 | 9,255,000 | 9,257,000 | 9,265,000 | 9,268,000 | 9,271,000 | 9,273,000 | 9,276,000 | 9,279,000 | 7,798,000 | 7,801,000 | 7,560,000 | 6,667,000 | 6,691,000 | 5,703,000 | 5,707,000 | 5,711,000 | 4,526,000 | 6,939,000 |
| 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 |
| Return on total capital | 13.20% | 9.02% | 1.84% | -15.86% | -52.74% | -54.75% | -62.11% | -37.00% | -2.13% | -9.73% | -3.69% | -15.19% | -32.80% | -42.57% | -41.62% | -59.76% | -39.71% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,733,000K ÷ ($9,459,000K + $11,249,000K)
= 13.20%
Uber Technologies Inc's return on total capital has shown varying trends over the past eight quarters. In the most recent quarter, Q4 2023, the return on total capital stood at 5.56%, indicating a positive performance. This marks an improvement compared to the previous quarter, Q3 2023, where the return on total capital was 2.14%.
Prior to the recent uptick, Uber's return on total capital had experienced negative values for three consecutive quarters, with Q2 2023 showing -2.55%, Q1 2023 displaying -8.79%, and Q4 2022 showing -10.29%. These negative figures suggest that the company's capital utilization may have been suboptimal during that period.
Looking further back, the return on total capital has been consistently decreasing since Q1 2022, where it was at its highest at -15.21%. This declining trend indicates that Uber may have faced challenges in generating returns on its total capital investment during these quarters.
In summary, while the most recent quarter shows a positive return on total capital, Uber has faced fluctuations and downward trends in this metric over the past eight quarters. The company would need to focus on optimizing its capital allocation and operational efficiency to sustain and improve its return on total capital in the future.
Peer comparison
Dec 31, 2023