Clear Secure Inc (YOU)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Revenue (ttm)	US$ in thousands	770,488	735,183	697,146	660,272	613,579	570,867	526,399	479,251	437,434	389,840	341,479	293,934	253,953	226,449	215,266	220,066	230,796
Property, plant and equipment	US$ in thousands	—	—	—	—	—	183,200	64,588	68,039	57,924	56,053	52,837	46,123	44,522	45,875	43,570	39,230	—
Fixed asset turnover		—	—	—	—	—	3.12	8.15	7.04	7.55	6.95	6.46	6.37	5.70	4.94	4.94	5.61	—

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $770,488K ÷ $—K
= —

Clear Secure Inc's fixed asset turnover has shown fluctuations over the analyzed period. The ratio increased steadily from March 31, 2021, to June 30, 2022, indicating the company was generating more revenue relative to its fixed assets during this time. The peak value of 8.15 on June 30, 2023, reflected efficient utilization of fixed assets to generate sales.

However, there was a sharp decline in the fixed asset turnover ratio to 3.12 on September 30, 2023, suggesting a potential decline in revenue generation relative to fixed assets during that period. It is essential to assess the reasons behind this decrease to understand if it was due to operational inefficiencies or other factors.

The subsequent data points from December 31, 2023, onwards indicate missing values ("—"), which could be due to various reasons such as changes in accounting practices or incomplete data reporting.

Overall, the trend in Clear Secure Inc's fixed asset turnover indicates periods of both efficiency and potential challenges in effectively utilizing fixed assets to generate revenue. Additional analysis and context are needed to fully evaluate the company's performance in this area.