Clear Secure Inc (YOU)

Working capital 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 current assets US$ in thousands 662,218 595,737 713,766 743,635 770,034 781,043 806,545 784,599 741,600 706,484 702,585 668,345 653,078 700,555 233,559 236,470 171,636
Total current liabilities US$ in thousands 643,054 557,685 633,300 624,777 552,049 478,272 496,766 464,598 397,473 340,584 331,980 290,405 264,591 214,817 163,381 158,154 146,104
Working capital turnover 40.20 19.32 8.66 5.56 2.81 1.89 1.70 1.50 1.27 1.07 0.92 0.78 0.65 0.47 3.07 2.81 9.04

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $770,488K ÷ ($662,218K – $643,054K)
= 40.20

Clear Secure Inc's working capital turnover has fluctuated significantly over the periods provided in the data. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.

In December 2020, the working capital turnover was relatively high at 9.04, indicating that the company was efficiently using its working capital to generate sales. However, the ratio dropped sharply to 0.47 in September 2021, suggesting a potential inefficiency in managing its working capital during that period.

Subsequently, there was a gradual improvement in the working capital turnover ratio, reaching its peak of 40.20 in December 2024. This significant increase indicates that Clear Secure Inc was able to generate a substantial amount of revenue relative to its working capital at the end of 2024.

Overall, the trend in Clear Secure Inc's working capital turnover shows variability in how effectively the company was utilizing its working capital to support its operations and generate revenue. It is important for the company to closely monitor this ratio to ensure optimal utilization of working capital resources.