Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Uber Technologies Inc., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Uber Technologies Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Uber Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Uber Technologies Inc. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Uber Technologies Inc. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Fixed Asset Turnover
Uber Technologies Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 37,281) | 31,877) | 17,455) | 11,139) | 14,147) | |
| Property and equipment, net | 2,073) | 2,082) | 1,853) | 1,814) | 1,731) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 17.98 | 15.31 | 9.42 | 6.14 | 8.17 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| FedEx Corp. | 2.22 | 2.45 | 2.35 | 2.06 | 2.29 | |
| Union Pacific Corp. | 0.42 | 0.44 | 0.40 | 0.36 | 0.40 | |
| United Parcel Service Inc. | 2.46 | 2.89 | 2.91 | 2.62 | 2.43 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Transportation | 1.77 | 1.91 | 1.75 | 1.51 | 1.54 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Industrials | 3.22 | 3.27 | 3.10 | 2.46 | 2.82 | |
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).
1 2023 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 37,281 ÷ 2,073 = 17.98
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Uber Technologies Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Uber Technologies Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 37,281) | 31,877) | 17,455) | 11,139) | 14,147) | |
| Property and equipment, net | 2,073) | 2,082) | 1,853) | 1,814) | 1,731) | |
| Operating lease right-of-use assets | 1,241) | 1,449) | 1,388) | 1,274) | 1,594) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 3,314) | 3,531) | 3,241) | 3,088) | 3,325) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 11.25 | 9.03 | 5.39 | 3.61 | 4.25 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| FedEx Corp. | 1.55 | 1.71 | 1.64 | 1.46 | 2.29 | |
| Union Pacific Corp. | 0.41 | 0.43 | 0.38 | 0.35 | 0.39 | |
| United Parcel Service Inc. | 2.20 | 2.61 | 2.63 | 2.40 | 2.22 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Transportation | 1.50 | 1.62 | 1.49 | 1.30 | 1.46 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Industrials | 2.78 | 2.82 | 2.67 | 2.17 | 2.62 | |
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).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 37,281 ÷ 3,314 = 11.25
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Uber Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Uber Technologies Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 37,281) | 31,877) | 17,455) | 11,139) | 14,147) | |
| Total assets | 38,699) | 32,109) | 38,774) | 33,252) | 31,761) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.96 | 0.99 | 0.45 | 0.33 | 0.45 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| FedEx Corp. | 1.03 | 1.09 | 1.01 | 0.94 | 1.28 | |
| Union Pacific Corp. | 0.36 | 0.38 | 0.34 | 0.31 | 0.35 | |
| United Parcel Service Inc. | 1.28 | 1.41 | 1.40 | 1.36 | 1.28 | |
| Total Asset Turnover, Sector | ||||||
| Transportation | 0.92 | 0.98 | 0.87 | 0.80 | 0.87 | |
| Total Asset Turnover, Industry | ||||||
| Industrials | 0.68 | 0.66 | 0.61 | 0.52 | 0.62 | |
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).
1 2023 Calculation
Total asset turnover = Revenue ÷ Total assets
= 37,281 ÷ 38,699 = 0.96
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Uber Technologies Inc. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Equity Turnover
Uber Technologies Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 37,281) | 31,877) | 17,455) | 11,139) | 14,147) | |
| Total Uber Technologies, Inc. stockholders’ equity | 11,249) | 7,340) | 14,458) | 12,266) | 14,190) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 3.31 | 4.34 | 1.21 | 0.91 | 1.00 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| FedEx Corp. | 3.46 | 3.75 | 3.47 | 3.78 | 3.92 | |
| Union Pacific Corp. | 1.63 | 2.05 | 1.54 | 1.15 | 1.20 | |
| United Parcel Service Inc. | 5.26 | 5.07 | 6.83 | 128.81 | 22.68 | |
| Equity Turnover, Sector | ||||||
| Transportation | 3.49 | 3.90 | 3.29 | 3.83 | 3.37 | |
| Equity Turnover, Industry | ||||||
| Industrials | 3.24 | 2.95 | 2.59 | 2.74 | 3.51 | |
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).
1 2023 Calculation
Equity turnover = Revenue ÷ Total Uber Technologies, Inc. stockholders’ equity
= 37,281 ÷ 11,249 = 3.31
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Uber Technologies Inc. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |