Clear Secure Inc (YOU)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $281,150K ÷ $—K
= —
Based on the provided data, Clear Secure Inc's payables turnover ratio for the years 2020 to 2024 is not available ("<—"). The payables turnover ratio is a financial metric used to assess how efficiently a company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance during a specific period.
The absence of data for the payables turnover ratio over the specified years limits the ability to evaluate Clear Secure Inc's ability to manage its accounts payable effectively. It is recommended for the company to provide this information in order to gain a better understanding of its liquidity management and vendor payment practices.
As a financial analyst, having access to the payables turnover ratio would help in assessing the company's liquidity, working capital management, and relationships with suppliers. This ratio is an important indicator of how quickly a company pays its suppliers and can provide valuable insights into its financial health and operational efficiency.
Peer comparison
Dec 31, 2024