Clear Secure Inc (YOU)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 614,797 | 436,994 | 253,595 |
| Total assets | US$ in thousands | 1,045,010 | 1,037,520 | 812,750 |
| Total asset turnover | 0.59 | 0.42 | 0.31 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $614,797K ÷ $1,045,010K
= 0.59
The total asset turnover of Clear Secure Inc has shown a positive trend over the past three years, increasing from 0.31 in 2021 to 0.59 in 2023. This indicates that the company has become more efficient in generating revenue from its assets. A total asset turnover of 0.59 in 2023 means that for every dollar of total assets, Clear Secure Inc generated $0.59 in revenue. It suggests that the company is utilizing its assets more effectively to support its sales and business operations. Overall, the improving total asset turnover ratio reflects positively on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023