Clear Secure Inc (YOU)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 614,797 | 436,994 | 253,595 |
| Property, plant and equipment | US$ in thousands | 62,611 | 57,924 | 44,522 |
| Fixed asset turnover | 9.82 | 7.54 | 5.70 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $614,797K ÷ $62,611K
= 9.82
Fixed asset turnover is a key financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. In the case of Clear Secure Inc, the trend in fixed asset turnover over the past three years has been positive and improving.
In 2021, the fixed asset turnover ratio was 5.70, indicating that Clear Secure Inc generated $5.70 in revenue for every dollar invested in fixed assets. This ratio improved to 7.54 in 2022 and further increased to 9.82 in 2023. This signifies that the company has been more efficient in utilizing its fixed assets to generate sales over the years.
A higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate revenue. Clear Secure Inc's increasing trend in fixed asset turnover suggests that the company is becoming more effective in generating sales from its investment in fixed assets, which is a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2023