Clear Secure Inc (YOU)

Number of days of payables

		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
Payables turnover		39.78	47.75	59.11	35.41	31.60	123.38	42.42	56.17	45.63	30.94	46.56
Number of days of payables	days	9.18	7.64	6.18	10.31	11.55	2.96	8.61	6.50	8.00	11.80	7.84

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.78
= 9.18

The number of days of payables for Clear Secure Inc has shown fluctuations over the past few quarters. The trend indicates that the company takes, on average, between 2.96 to 11.80 days to pay its suppliers' invoices.

In the most recent quarter, as of September 30, 2024, Clear Secure Inc took approximately 9.18 days to settle its payables. This shows a moderate increase compared to the prior quarter, where the number of days of payables was 7.64 days, indicating a slight slowdown in the company's payment cycle.

It is worth noting that the company managed to significantly shorten its payables cycle in the second quarter of 2023, bringing it down to just 2.96 days, but this trend was not sustained in subsequent quarters.

Overall, a company's days of payables can provide insights into its cash flow management and supplier relationships. Clear Secure Inc may want to monitor and potentially optimize its payables management to ensure efficient working capital utilization and maintain healthy vendor connections.