Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Uber Technologies Inc., decomposition of ROE

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2023 16.77% = 4.88% × 3.44
Dec 31, 2022 -124.54% = -28.47% × 4.37
Dec 31, 2021 -3.43% = -1.28% × 2.68
Dec 31, 2020 -55.18% = -20.35% × 2.71
Dec 31, 2019 -59.94% = -26.78% × 2.24

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Three-Component Disaggregation of ROE

Uber Technologies Inc., decomposition of ROE

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2023 16.77% = 5.06% × 0.96 × 3.44
Dec 31, 2022 -124.54% = -28.68% × 0.99 × 4.37
Dec 31, 2021 -3.43% = -2.84% × 0.45 × 2.68
Dec 31, 2020 -55.18% = -60.76% × 0.33 × 2.71
Dec 31, 2019 -59.94% = -60.13% × 0.45 × 2.24

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Five-Component Disaggregation of ROE

Uber Technologies Inc., decomposition of ROE

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2023 16.77% = 0.90 × 0.77 × 7.33% × 0.96 × 3.44
Dec 31, 2022 -124.54% = — × — × -27.47% × 0.99 × 4.37
Dec 31, 2021 -3.43% = — × — × -2.89% × 0.45 × 2.68
Dec 31, 2020 -55.18% = — × — × -58.37% × 0.33 × 2.71
Dec 31, 2019 -59.94% = — × — × -55.86% × 0.45 × 2.24

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Two-Component Disaggregation of ROA

Uber Technologies Inc., decomposition of ROA

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2023 4.88% = 5.06% × 0.96
Dec 31, 2022 -28.47% = -28.68% × 0.99
Dec 31, 2021 -1.28% = -2.84% × 0.45
Dec 31, 2020 -20.35% = -60.76% × 0.33
Dec 31, 2019 -26.78% = -60.13% × 0.45

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Four-Component Disaggregation of ROA

Uber Technologies Inc., decomposition of ROA

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2023 4.88% = 0.90 × 0.77 × 7.33% × 0.96
Dec 31, 2022 -28.47% = — × — × -27.47% × 0.99
Dec 31, 2021 -1.28% = — × — × -2.89% × 0.45
Dec 31, 2020 -20.35% = — × — × -58.37% × 0.33
Dec 31, 2019 -26.78% = — × — × -55.86% × 0.45

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Disaggregation of Net Profit Margin

Uber Technologies Inc., decomposition of net profit margin ratio

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2023 5.06% = 0.90 × 0.77 × 7.33%
Dec 31, 2022 -28.68% = — × — × -27.47%
Dec 31, 2021 -2.84% = — × — × -2.89%
Dec 31, 2020 -60.76% = — × — × -58.37%
Dec 31, 2019 -60.13% = — × — × -55.86%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).