Uber Technologies (LTS:0A1U) ROCE % : 28.44% (As of Dec. 2023)

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What is Uber Technologies ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Uber Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.44%.

Uber Technologies ROCE % Historical Data

The historical data trend for Uber Technologies's ROCE % 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 ROCE % Chart

Uber Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.35

-24.71

-1.93

-33.43

11.25

Uber Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.03	0.51	9.74	5.26	28.44

Uber Technologies ROCE % Calculation

Uber Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2954	/	( ( (32109 - 8853)	+	(38699 - 9454) )	/ 2 )
	=	2954	/	( (23256	+	29245)	/ 2 )
	=	2954	/	26250.5
	=	11.25 %

Uber Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	7932	/	( ( (35949 - 9405)	+	(38699 - 9454) )	/ 2 )
	=	7932	/	( ( 26544	+	29245 )	/ 2 )
	=	7932	/	27894.5
	=	28.44 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Uber Technologies (LTS:0A1U) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Uber Technologies ROCE % Related Terms

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Uber Technologies (LTS:0A1U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Uber Technologies Inc (LTS:0A1U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UBER:USA UBER:Mexico 1UBER:Italy UT8d:UK UT8:Germany UBER:Canada U1BE34:Brazil UBER:Austria

Address

1515 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 131 million users that order rides or food at least once a month. Approximately 44% of its gross revenue comes from ridesharing and 34% from food delivery.

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