Clear Secure Inc (YOU)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	432,648	422,962	417,647	417,111	444,756	490,297	473,878	446,630	401,221	326,557	311,973
Inventory	US$ in thousands	—	—	0	37,656	34,768	31,548	29,151	30,562	28,837	21,034	21,922	19,500	20,628	22,703
Inventory turnover		—	—	—	11.08	12.79	15.54	16.26	14.61	13.91	15.53	14.23

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $432,648K ÷ $—K
= —

Clear Secure Inc's inventory turnover has shown a fluctuating trend over the past several quarters. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a specific period, reflecting the efficiency of inventory management.

In the most recent quarter, ending in December 2023, the inventory turnover ratio was 11.08, which means Clear Secure Inc's inventory was turned over approximately 11 times during that period. This figure increased from the previous quarter, indicating a higher rate of inventory turnover.

Looking further back, the trend shows variability with inventory turnover ratios ranging from 11.08 to 16.26 over the past several quarters. The highest inventory turnover was observed in March 2023 at 16.26, suggesting the company efficiently managed its inventory during that period.

Overall, Clear Secure Inc's inventory turnover ratios indicate fluctuations in inventory management efficiency over the analyzed period. It is essential for the company to monitor and optimize inventory levels to ensure a balance between having enough inventory to meet demand and avoiding excessive holding costs.