Analysis of Short-term (Operating) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Uber Technologies Inc., short-term (operating) 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).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Uber Technologies Inc. receivables turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Uber Technologies Inc. payables turnover ratio increased from 2021 to 2022 and from 2022 to 2023. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Uber Technologies Inc. number of days of receivables outstanding improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Uber Technologies Inc. number of days of payables outstanding decreased from 2021 to 2022 and from 2022 to 2023. |
Receivables Turnover
Uber Technologies Inc., receivables 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) | |
| Accounts receivable, net of allowance | 3,404) | 2,779) | 2,439) | 1,073) | 1,214) | |
| Short-term Activity Ratio | ||||||
| Receivables turnover1 | 10.95 | 11.47 | 7.16 | 10.38 | 11.65 | |
| Benchmarks | ||||||
| Receivables Turnover, Competitors2 | ||||||
| FedEx Corp. | 8.85 | 7.88 | 6.96 | 6.85 | 7.65 | |
| Union Pacific Corp. | 11.63 | 13.15 | 12.66 | 12.98 | 13.61 | |
| United Parcel Service Inc. | 8.11 | 7.97 | 7.76 | 7.87 | 7.76 | |
| Receivables Turnover, Sector | ||||||
| Transportation | 9.02 | 8.61 | 7.66 | 7.88 | 8.36 | |
| Receivables Turnover, Industry | ||||||
| Industrials | 8.14 | 7.80 | 7.60 | 7.49 | 7.67 | |
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
Receivables turnover = Revenue ÷ Accounts receivable, net of allowance
= 37,281 ÷ 3,404 = 10.95
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Uber Technologies Inc. receivables turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Payables Turnover
Uber Technologies Inc., payables 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) | ||||||
| Cost of revenue, exclusive of depreciation and amortization | 22,457) | 19,659) | 9,351) | 5,154) | 7,208) | |
| Accounts payable | 790) | 728) | 860) | 235) | 272) | |
| Short-term Activity Ratio | ||||||
| Payables turnover1 | 28.43 | 27.00 | 10.87 | 21.93 | 26.50 | |
| Benchmarks | ||||||
| Payables Turnover, Competitors2 | ||||||
| FedEx Corp. | 23.43 | 23.20 | 21.86 | 21.17 | 23.00 | |
| Union Pacific Corp. | 28.18 | 31.73 | 28.99 | 31.92 | 28.98 | |
| United Parcel Service Inc. | 14.35 | 13.36 | 12.93 | 13.11 | 13.34 | |
| Payables Turnover, Sector | ||||||
| Transportation | 19.24 | 18.26 | 16.37 | 16.89 | 17.98 | |
| Payables Turnover, Industry | ||||||
| Industrials | 7.74 | 7.58 | 7.74 | 7.44 | 7.40 | |
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
Payables turnover = Cost of revenue, exclusive of depreciation and amortization ÷ Accounts payable
= 22,457 ÷ 790 = 28.43
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Uber Technologies Inc. payables turnover ratio increased from 2021 to 2022 and from 2022 to 2023. |
Working Capital Turnover
Uber Technologies Inc., working capital 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) | ||||||
| Current assets | 11,297) | 9,249) | 8,819) | 9,882) | 13,925) | |
| Less: Current liabilities | 9,454) | 8,853) | 9,024) | 6,865) | 5,639) | |
| Working capital | 1,843) | 396) | (205) | 3,017) | 8,286) | |
| Revenue | 37,281) | 31,877) | 17,455) | 11,139) | 14,147) | |
| Short-term Activity Ratio | ||||||
| Working capital turnover1 | 20.23 | 80.50 | — | 3.69 | 1.71 | |
| Benchmarks | ||||||
| Working Capital Turnover, Competitors2 | ||||||
| FedEx Corp. | 17.94 | 15.35 | 12.13 | 11.46 | 17.11 | |
| Union Pacific Corp. | — | — | — | 476.41 | — | |
| United Parcel Service Inc. | 52.36 | 24.61 | 13.21 | 26.45 | 43.84 | |
| Working Capital Turnover, Sector | ||||||
| Transportation | 31.72 | 27.86 | 18.55 | 15.01 | 13.65 | |
| Working Capital Turnover, Industry | ||||||
| Industrials | 11.44 | 9.67 | 6.90 | 4.47 | 10.00 | |
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
Working capital turnover = Revenue ÷ Working capital
= 37,281 ÷ 1,843 = 20.23
2 Click competitor name to see calculations.
Average Receivable Collection Period
Uber Technologies Inc., average receivable collection period calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Receivables turnover | 10.95 | 11.47 | 7.16 | 10.38 | 11.65 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average receivable collection period1 | 33 | 32 | 51 | 35 | 31 | |
| Benchmarks (no. days) | ||||||
| Average Receivable Collection Period, Competitors2 | ||||||
| FedEx Corp. | 41 | 46 | 52 | 53 | 48 | |
| Union Pacific Corp. | 31 | 28 | 29 | 28 | 27 | |
| United Parcel Service Inc. | 45 | 46 | 47 | 46 | 47 | |
| Average Receivable Collection Period, Sector | ||||||
| Transportation | 40 | 42 | 48 | 46 | 44 | |
| Average Receivable Collection Period, Industry | ||||||
| Industrials | 45 | 47 | 48 | 49 | 48 | |
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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.95 = 33
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Uber Technologies Inc. number of days of receivables outstanding improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Average Payables Payment Period
Uber Technologies Inc., average payables payment period calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Payables turnover | 28.43 | 27.00 | 10.87 | 21.93 | 26.50 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average payables payment period1 | 13 | 14 | 34 | 17 | 14 | |
| Benchmarks (no. days) | ||||||
| Average Payables Payment Period, Competitors2 | ||||||
| FedEx Corp. | 16 | 16 | 17 | 17 | 16 | |
| Union Pacific Corp. | 13 | 12 | 13 | 11 | 13 | |
| United Parcel Service Inc. | 25 | 27 | 28 | 28 | 27 | |
| Average Payables Payment Period, Sector | ||||||
| Transportation | 19 | 20 | 22 | 22 | 20 | |
| Average Payables Payment Period, Industry | ||||||
| Industrials | 47 | 48 | 47 | 49 | 49 | |
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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 28.43 = 13
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Uber Technologies Inc. number of days of payables outstanding decreased from 2021 to 2022 and from 2022 to 2023. |