Uber Operating Income vs Income Tax Expense Analysis

UBER Stock  USD 61.18  3.78  5.82%   
Uber Technologies financial indicator trend analysis is much more than just breaking down Uber Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Uber Technologies is a good investment. Please check the relationship between Uber Technologies Operating Income and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Uber Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Uber Stock, please use our How to Invest in Uber Technologies guide.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Uber Technologies Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between Uber Technologies' Operating Income and Income Tax Expense is 0.38. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Uber Technologies, assuming nothing else is changed. The correlation between historical values of Uber Technologies' Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Uber Technologies are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Uber Technologies' Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Uber Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Uber Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Tax Expense

Most indicators from Uber Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Uber Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Uber Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Uber Stock, please use our How to Invest in Uber Technologies guide.At this time, Uber Technologies' Tax Provision is relatively stable compared to the past year. As of 12/12/2024, Selling General Administrative is likely to grow to about 3.1 B, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Gross Profit8.1B12.2B14.8B15.6B
Total Revenue17.5B31.9B37.3B39.1B

Uber Technologies fundamental ratios Correlations

0.810.960.94-0.150.84-0.920.73-0.110.560.960.820.870.610.80.830.760.80.260.860.80.830.850.560.970.97
0.810.850.770.20.65-0.830.46-0.040.40.770.750.640.270.560.680.90.820.180.690.790.840.530.160.840.8
0.960.850.86-0.060.73-0.960.79-0.30.480.980.870.920.630.740.820.760.890.20.90.680.890.890.40.990.93
0.940.770.860.040.79-0.780.510.120.570.840.660.690.390.760.780.750.630.40.670.840.660.70.570.90.9
-0.150.2-0.060.04-0.440.21-0.420.0-0.07-0.22-0.2-0.29-0.680.02-0.23-0.010.040.37-0.28-0.12-0.22-0.27-0.49-0.1-0.23
0.840.650.730.79-0.44-0.790.530.260.470.770.640.630.510.530.830.750.580.140.650.910.730.590.710.760.92
-0.92-0.83-0.96-0.780.21-0.79-0.760.32-0.51-0.96-0.9-0.91-0.68-0.65-0.87-0.82-0.87-0.01-0.95-0.69-0.94-0.86-0.35-0.96-0.94
0.730.460.790.51-0.420.53-0.76-0.450.060.830.80.870.840.420.530.370.660.190.760.340.680.840.520.770.69
-0.11-0.04-0.30.120.00.260.32-0.45-0.12-0.3-0.39-0.5-0.46-0.23-0.10.07-0.410.35-0.530.44-0.29-0.520.41-0.26-0.04
0.560.40.480.57-0.070.47-0.510.06-0.120.510.230.510.30.760.690.550.43-0.380.590.410.520.54-0.010.520.55
0.960.770.980.84-0.220.77-0.960.83-0.30.510.850.960.740.720.860.750.830.120.920.660.890.930.460.980.95
0.820.750.870.66-0.20.64-0.90.8-0.390.230.850.80.640.570.580.610.80.170.880.580.760.730.380.870.78
0.870.640.920.69-0.290.63-0.910.87-0.50.510.960.80.840.680.80.630.79-0.050.930.450.870.980.330.920.84
0.610.270.630.39-0.680.51-0.680.84-0.460.30.740.640.840.360.560.390.43-0.260.760.220.650.80.380.650.6
0.80.560.740.760.020.53-0.650.42-0.230.760.720.570.680.360.590.440.710.150.730.530.550.730.310.730.69
0.830.680.820.78-0.230.83-0.870.53-0.10.690.860.580.80.560.590.820.69-0.090.780.70.860.790.360.840.92
0.760.90.760.75-0.010.75-0.820.370.070.550.750.610.630.390.440.820.64-0.080.660.80.870.520.160.790.82
0.80.820.890.630.040.58-0.870.66-0.410.430.830.80.790.430.710.690.640.10.840.560.860.760.160.820.79
0.260.180.20.40.370.14-0.010.190.35-0.380.120.17-0.05-0.260.15-0.09-0.080.1-0.140.33-0.170.020.570.190.17
0.860.690.90.67-0.280.65-0.950.76-0.530.590.920.880.930.760.730.780.660.84-0.140.50.870.90.250.90.84
0.80.790.680.84-0.120.91-0.690.340.440.410.660.580.450.220.530.70.80.560.330.50.650.40.610.710.84
0.830.840.890.66-0.220.73-0.940.68-0.290.520.890.760.870.650.550.860.870.86-0.170.870.650.770.190.870.87
0.850.530.890.7-0.270.59-0.860.84-0.520.540.930.730.980.80.730.790.520.760.020.90.40.770.370.880.82
0.560.160.40.57-0.490.71-0.350.520.41-0.010.460.380.330.380.310.360.160.160.570.250.610.190.370.430.57
0.970.840.990.9-0.10.76-0.960.77-0.260.520.980.870.920.650.730.840.790.820.190.90.710.870.880.430.95
0.970.80.930.9-0.230.92-0.940.69-0.040.550.950.780.840.60.690.920.820.790.170.840.840.870.820.570.95
Click cells to compare fundamentals

Uber Technologies Account Relationship Matchups

Uber Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.8B33.3B38.8B32.1B38.7B31.6B
Other Current Liab5.1B4.3B2.7B5.6B7.5B4.8B
Total Current Liabilities5.6B6.9B9.0B8.9B9.5B7.1B
Total Stockholder Equity14.2B12.3B14.5B7.3B11.2B7.8B
Other Liab3.6B3.5B3.4B3.5B3.2B3.2B
Net Tangible Assets14.0B5.4B3.6B5.9B6.8B7.1B
Retained Earnings(16.4B)(23.1B)(23.6B)(32.8B)(30.6B)(29.1B)
Accounts Payable272M235M860M728M790M485.1M
Cash10.9B5.6B4.3B4.2B5.5B4.8B
Other Assets2.4B13.9B3.3B2.3B2.7B4.0B
Long Term Debt5.7B7.6B9.3B9.3B9.5B7.1B
Net Receivables1.2B1.1B3.0B2.8B4.1B4.3B
Good Will167M6.1B8.4B8.3B8.2B4.3B
Common Stock Shares Outstanding1.2B1.8B1.9B2.0B2.1B1.8B
Other Current Assets1.3B2.0B1.1B2.2B964M1.1B
Other Stockholder Equity30.7B35.9B(524M)40.6B42.3B23.4B
Total Liab16.6B19.5B23.4B23.6B26.0B21.4B
Long Term Investments11.9B1.1B12.5B5.3B6.3B6.1B
Total Current Assets13.9B9.9B8.8B9.2B11.3B10.4B
Short Term Debt196M352M185M495M499M263.5M
Intangible Assets71M1.6B2.4B1.9B1.4B1.0B
Property Plant Equipment3.3B1.8B3.2B2.1B2.4B2.4B
Short Long Term Debt Total7.4B9.3B11.1B11.1B11.8B9.7B
Property Plant And Equipment Net3.3B3.1B3.2B3.5B3.3B3.0B
Net Debt(3.4B)3.6B5.0B6.9B6.3B6.7B
Non Current Assets Total17.8B23.4B30.0B22.9B27.4B22.8B
Non Currrent Assets Other2.4B2.5B3.3B3.9B8.1B8.5B
Cash And Short Term Investments11.3B6.8B4.3B4.3B6.2B5.0B
Long Term Debt Total5.9B7.6B9.3B9.3B10.7B7.8B
Liabilities And Stockholders Equity31.8B33.3B38.1B32.1B38.7B33.5B
Non Current Liabilities Total10.9B12.6B14.4B14.8B16.6B15.4B
Capital Surpluse30.7B35.9B38.6B40.6B46.6B26.9B
Inventory99M767M1.6B680M612M723.2M
Net Invested Capital19.9B20.2B23.7B16.6B20.7B17.4B
Property Plant And Equipment Gross3.3B3.1B1.9B2.1B4.7B2.8B
Accumulated Other Comprehensive Income(187M)(535M)(524M)(443M)(421M)(442.1M)

Pair Trading with Uber Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Uber Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Uber Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Uber Stock

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The ability to find closely correlated positions to Uber Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uber Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Uber Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Uber Technologies to buy it.
The correlation of Uber Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Uber Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uber Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Uber Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Uber Stock Analysis

When running Uber Technologies' price analysis, check to measure Uber Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Uber Technologies is operating at the current time. Most of Uber Technologies' value examination focuses on studying past and present price action to predict the probability of Uber Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uber Technologies' price. Additionally, you may evaluate how the addition of Uber Technologies to your portfolios can decrease your overall portfolio volatility.