Clear Secure Inc (YOU)

Total asset 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
Total assets	US$ in thousands	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
Total asset turnover		0.86	0.71	0.65	0.59	0.54	0.49	0.44	0.42	0.44	0.38	0.34

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $736,776K ÷ $858,577K
= 0.86

The total asset turnover of Clear Secure Inc has been gradually increasing over the past few quarters, indicating an improvement in the company's efficiency in generating sales from its assets. The ratio has consistently trended upwards from 0.34 in the quarter ending June 30, 2021, to 0.86 in the most recent quarter ending September 30, 2024. This suggests that the company is utilizing its assets more effectively to generate revenue.

A total asset turnover ratio of 0.86 in the latest quarter indicates that Clear Secure Inc generated $0.86 in revenue for every $1 of assets it holds. This implies that the company is efficient in utilizing its assets to drive sales. The overall increasing trend in total asset turnover reflects positively on the company's operational efficiency and management of its asset base.

However, it is important for Clear Secure Inc to maintain this upward trend in total asset turnover to sustain its growth and profitability in the long term. By effectively managing and utilizing its assets to generate revenue, the company can continue to improve its financial performance and create value for its stakeholders.