Clear Secure Inc (YOU)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Payables turnover		35.41	56.17	31.60
Number of days of payables	days	10.31	6.50	11.55

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 35.41
= 10.31

Clear Secure Inc's number of days of payables has shown variation over the past three years. In particular, the number of days of payables increased from 6.50 days in 2022 to 11.55 days in 2021. However, in 2023, there was a decrease to 10.31 days. This indicates that the company took longer to pay its suppliers in 2021, then improved in 2022, and saw a slight deterioration in 2023. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which could be a sign of efficient cash management. On the other hand, a higher number of days of payables may indicate that the company is taking longer to settle its payables, possibly signaling strained supplier relationships or cash flow issues. Overall, while the recent increase in 2023 is a point of concern, further analysis of Clear Secure Inc's cash flow and liquidity position is warranted to fully understand the implications of this trend.