Clear Secure Inc (YOU)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	736,776	698,738	661,864	614,704	571,803	526,891	479,299	437,394	389,842	341,481	293,936
Property, plant and equipment	US$ in thousands	57,760	59,290	60,127	62,611	65,801	64,588	68,039	57,924	56,053	52,837	46,123	44,522	45,875	43,570
Fixed asset turnover		12.76	11.79	11.01	9.82	8.69	8.16	7.04	7.55	6.95	6.46	6.37

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $736,776K ÷ $57,760K
= 12.76

Clear Secure Inc's fixed asset turnover has shown a positive trend over the past few quarters, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The fixed asset turnover ratio has been steadily increasing from 6.37 in June 2021 to 12.76 in September 2024.

This increase suggests that Clear Secure Inc is getting better at utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is generally viewed favorably as it implies that the company is generating more revenue for each dollar invested in fixed assets.

Overall, the trend in Clear Secure Inc's fixed asset turnover ratio indicates growing efficiency and effectiveness in using its fixed assets to support revenue generation.