Clear Secure Inc (YOU)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 736,776 | 698,738 | 661,864 | 614,704 | 571,803 | 526,891 | 479,299 | 437,394 | 389,842 | 341,481 | 293,936 | |||
| Receivables | US$ in thousands | 639 | 630,510 | 634,327 | 526 | 736 | 929 | 962 | 1,169 | 2,102 | 3,016 | 7,525 | 5,331 | 3,921 | 1,440 |
| Receivables turnover | 1,153.01 | 1.11 | 1.04 | 1,168.64 | 776.91 | 567.16 | 498.23 | 374.16 | 185.46 | 113.22 | 39.06 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $736,776K ÷ $639K
= 1,153.01
The receivables turnover ratio for Clear Secure Inc has shown significant fluctuations over the past few quarters, indicating potential challenges in managing their accounts receivable efficiently.
The ratio reached a peak of 1,168.64 in December 2023, suggesting that the company was collecting receivables more than 1,000 times during that period. However, this was followed by a sharp decline in the subsequent quarter to 776.91, indicating a slowdown in the collection of receivables.
The ratio then decreased further to 567.16 in June 2023, signaling a potential issue with collecting outstanding customer payments promptly. The trend continued with ratios below 500 in the following quarters, hitting a low of 39.06 in March 2022.
The receivables turnover improved significantly to 185.46 in September 2022 before gradually increasing to 1.11 in June 2024 and reaching a substantial level of 1,153.01 in September 2024. This indicates that the company has made progress in managing its receivables more effectively in recent quarters.
Overall, while the receivables turnover ratio has experienced fluctuations, Clear Secure Inc appears to have taken steps to enhance its accounts receivable management practices, which is essential for maintaining healthy cash flow and liquidity. However, continued monitoring and improvement in this area may be necessary to ensure sustainable financial health.
Peer comparison
Sep 30, 2024