Clear Secure Inc (YOU)

Total asset turnover

		Dec 31, 2024	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	Mar 31, 2021	Dec 31, 2020
Revenue (ttm)	US$ in thousands	770,488	735,183	697,146	660,272	613,579	570,867	526,399	479,251	437,434	389,840	341,479	293,934	253,953	226,449	215,266	220,066	230,796
Total assets	US$ in thousands	1,194,930	858,577	982,382	1,017,040	1,045,010	1,061,960	1,085,900	1,093,590	1,037,520	894,791	893,876	854,055	812,750	773,226	303,795	301,502	232,268
Total asset turnover		0.64	0.86	0.71	0.65	0.59	0.54	0.48	0.44	0.42	0.44	0.38	0.34	0.31	0.29	0.71	0.73	0.99

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $770,488K ÷ $1,194,930K
= 0.64

Total asset turnover measures how efficiently a company is using its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets.

From December 31, 2020, to December 31, 2021, Clear Secure Inc's total asset turnover decreased from 0.99 to 0.31, indicating a significant decline in efficiency in utilizing its assets to generate revenue. This downward trend continued through March 31, 2022, with a ratio of 0.34, before showing a slight improvement by June 30, 2022, at 0.38.

However, from September 30, 2022, to December 31, 2024, the total asset turnover ratios steadily increased from 0.44 to 0.86. This suggests that Clear Secure Inc has enhanced its efficiency in generating revenue from its assets over this period, reaching a peak at the end of 2024.

Overall, the trend in the total asset turnover ratios for Clear Secure Inc indicates initial inefficiency followed by a notable improvement in utilizing its assets to generate revenue over the analyzed period.