Clear Secure Inc (YOU)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	104,813	89,005	58,885	20,138	-27,573	-112,552	-125,891	-129,064	-128,593	-95,489	-120,113
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
Operating ROA		12.21%	9.06%	5.79%	1.93%	-2.60%	-10.36%	-11.51%	-12.44%	-14.37%	-10.68%	-14.06%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $104,813K ÷ $858,577K
= 12.21%

Clear Secure Inc's operating return on assets (operating ROA) has shown a positive trend over the past few quarters. The operating ROA increased from -14.06% in March 2022 to 12.21% in September 2024, indicating a significant improvement in the company's ability to generate operating income relative to its total assets.

This positive trend suggests that Clear Secure Inc has been able to effectively utilize its assets to generate profits from its core operations. The steady improvement in operating ROA reflects positively on the company's operational efficiency and profitability. Investors and stakeholders may view this trend favorably as it indicates that the company is becoming more efficient in generating earnings from its asset base.

However, it is important to note that the negative operating ROA figures in some quarters, such as in December 2021 and September 2023, indicate periods of operational challenges or inefficiencies that impacted the company's profitability. Clear Secure Inc should continue to monitor and improve its operational performance to sustain the positive trend in operating ROA and enhance overall financial health.