Uber Technologies (NEOE:UBER) Receivables Turnover : 2.97 (As of Sep. 2024)

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What is Uber Technologies Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Uber Technologies's Revenue for the three months ended in Sep. 2024 was C$15,155 Mil. Uber Technologies's average Accounts Receivable for the three months ended in Sep. 2024 was C$5,111 Mil. Hence, Uber Technologies's Receivables Turnover for the three months ended in Sep. 2024 was 2.97.

Uber Technologies Receivables Turnover Historical Data

The historical data trend for Uber Technologies's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Uber Technologies Receivables Turnover Chart

Uber Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.08

9.60

9.94

12.56

11.99

Uber Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.36	3.09	2.86	2.87	2.97

Competitive Comparison of Uber Technologies's Receivables Turnover

For the Software - Application subindustry, Uber Technologies's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Uber Technologies's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Uber Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Uber Technologies's Receivables Turnover falls into.

Uber Technologies Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Uber Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	50016.19	/ (	(3775.271	+	4566.806)	/	2 )
=	50016.19	/	4171.0385
=	11.99

Uber Technologies's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	15155.265	/ (	(5184.601	+	5037.757)	/	2 )
=	15155.265	/	5111.179
=	2.97

Uber Technologies (NEOE:UBER) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Uber Technologies Receivables Turnover Related Terms

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Uber Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Uber Technologies Inc (NEOE:UBER) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

UBER:USA UBER:Peru UBER:Mexico UBER_KZ:Kazakhstan 1UBER:Italy UT8d:UK UT8:Germany U1BE34:Brazil UBER:Austria

Address

1725 3rd Street, San Francisco, CA, USA, 94158

Website

https://www.uber.com

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.