Uber Technologies Cash and Equivalents vs Accounts Payable Analysis

UBER
 Stock
  

USD 32.47  0.23  0.71%   

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 Cash and Equivalents and its Accounts Payable accounts. Also, please take a look at World Market Map.

Cash and Equivalents vs Accounts Payable

Cash and Equivalents vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Uber Technologies Cash and Equivalents account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Uber Technologies' Cash and Equivalents and Accounts Payable is -0.01. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Accounts Payable 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' Cash and Equivalents and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash and Equivalents of Uber Technologies are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash and Equivalents i.e., Uber Technologies' Cash and Equivalents and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions.

Accounts Payable

An accounting item on the balance sheet that represents Uber Technologies obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Uber Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.
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. Also, please take a look at World Market Map.
 2019 2020 2021 2022 (projected)
Weighted Average Shares1.25 B1.75 B1.89 B2.04 B
Revenues14.15 B11.14 B17.45 B13.8 B

Uber Technologies fundamental ratios Correlations

Uber Technologies Account Relationship Matchups

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Also, please take a look at World Market Map. Note that the Uber Technologies information on this page should be used as a complementary analysis to other Uber Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Is Uber Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Uber Technologies. If investors know Uber Technologies will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Uber Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
64.3 B
Quarterly Revenue Growth YOY
1.06
Return On Assets
-0.0431
Return On Equity
-0.87
The market value of Uber Technologies is measured differently than its book value, which is the value of Uber Technologies that is recorded on the company's balance sheet. Investors also form their own opinion of Uber Technologies' value that differs from its market value or its book value, called intrinsic value, which is Uber Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Uber Technologies' market value can be influenced by many factors that don't directly affect Uber Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Uber Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Uber Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uber Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.