Clear Secure Inc (YOU)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	281,150	231,467	161,054	104,936	73,715
Inventory	US$ in thousands	—	37,656	30,562	19,500	13,015
Inventory turnover		—	6.15	5.27	5.38	5.66

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $281,150K ÷ $—K
= —

Clear Secure Inc's inventory turnover has shown a consistent trend over the years. In December 31, 2020, the inventory turnover was 5.66, indicating that the company sold and replaced its inventory approximately 5.66 times during that year. Over the next few years, the inventory turnover slightly decreased to 5.38 in December 31, 2021, and further to 5.27 in December 31, 2022. However, in December 31, 2023, there was an improvement in inventory turnover to 6.15, suggesting that the company managed its inventory more efficiently that year. Notably, in December 31, 2024, the data is not available, but the trend indicates a focus on inventory management. Overall, Clear Secure Inc's inventory turnover reflects its ability to efficiently manage and sell inventory throughout the specified period.