Clear Secure Inc (YOU)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 770,488 | 613,579 | 437,434 | 253,953 | 230,796 |
| Total assets | US$ in thousands | 1,194,930 | 1,045,010 | 1,037,520 | 812,750 | 232,268 |
| Total asset turnover | 0.64 | 0.59 | 0.42 | 0.31 | 0.99 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $770,488K ÷ $1,194,930K
= 0.64
The total asset turnover ratio of Clear Secure Inc has shown fluctuations over the years. In December 31, 2020, the company's total asset turnover was 0.99, indicating that each dollar of assets generated $0.99 in sales. However, this ratio decreased significantly to 0.31 by December 31, 2021, suggesting a lower efficiency in utilizing its assets to generate revenue.
Subsequently, Clear Secure Inc managed to improve its total asset turnover ratio to 0.42 by December 31, 2022, showing a better utilization of assets to drive sales. The ratio further increased to 0.59 by December 31, 2023, indicating continued improvement in asset efficiency.
By December 31, 2024, the total asset turnover ratio of Clear Secure Inc reached 0.64, reflecting the company's enhanced ability to generate sales from its total assets. Overall, the trend in total asset turnover suggests that Clear Secure Inc made progress in optimizing its asset utilization over the years, which is a positive sign for its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024