Clear Secure Inc (YOU)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 20,138 | -129,064 | -114,933 |
| Total assets | US$ in thousands | 1,045,010 | 1,037,520 | 812,750 |
| Operating ROA | 1.93% | -12.44% | -14.14% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $20,138K ÷ $1,045,010K
= 1.93%
Clear Secure Inc's operating return on assets (operating ROA) has shown a significant improvement over the past three years. In 2021, the operating ROA was -14.14%, indicating that the company was generating operating losses relative to its assets. However, by the end of 2022, the operating ROA had improved to -12.44%, although it was still negative.
The most notable improvement occurred in 2023, where Clear Secure Inc achieved a positive operating ROA of 1.93%. This suggests that the company was able to generate operating income from its assets during this period.
Overall, Clear Secure Inc's operating ROA trajectory reflects a positive turnaround from operating losses to profitability. This improvement indicates better operational efficiency and effectiveness in utilizing the company's assets to generate operating income. It is essential for Clear Secure Inc to continue this positive trend to sustain financial growth and value creation for its stakeholders.
Peer comparison
Dec 31, 2023