Uber Technologies Inc (UBER)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 4,228,000 | 3,854,000 | 1,336,000 | 866,000 | 1,110,000 | 391,000 | -1,033,000 | -3,798,000 | -9,579,000 | -10,062,000 | -11,436,000 | -10,185,000 | -5,666,000 | -5,930,000 | -4,491,000 | -4,954,000 | -6,488,000 | -6,630,000 | -6,722,000 | -10,158,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 21,558,000 | 14,780,000 | 12,350,000 | 11,058,000 | 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 |
| Return on total capital | 19.61% | 26.08% | 10.82% | 7.83% | 9.87% | 4.18% | -11.92% | -50.59% | -130.50% | -161.07% | -171.69% | -114.23% | -39.19% | -42.57% | -31.68% | -36.43% | -52.89% | -74.14% | -70.39% | -89.56% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $4,228,000K ÷ ($—K + $21,558,000K)
= 19.61%
Uber Technologies Inc had a fluctuating and challenging trend in its return on total capital over the observed period. The return on total capital was consistently negative from March 2020 to June 2023, indicating that the company was not generating sufficient returns to cover its total invested capital during this period.
However, there was a significant improvement in the return on total capital from September 2023 onwards. The return turned positive, indicating that Uber started generating returns that exceed its total invested capital. This positive trend continued and strengthened over the subsequent quarters through December 2024.
Overall, the return on total capital for Uber Technologies Inc improved from negative levels in the earlier years to positive levels in the later years, showcasing a positive trajectory in the company's financial performance and efficiency in utilizing its total capital.
Peer comparison
Dec 31, 2024