Clear Secure Inc (YOU)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 28,108 | -65,573 | -36,082 |
| Total assets | US$ in thousands | 1,045,010 | 1,037,520 | 812,750 |
| ROA | 2.69% | -6.32% | -4.44% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $28,108K ÷ $1,045,010K
= 2.69%
Clear Secure Inc's return on assets (ROA) has shown significant improvement over the past three years. In 2023, the ROA stands at 2.69%, indicating that the company generated a profit of 2.69 cents for every dollar of assets it possesses. This is a positive sign compared to the negative ROA figures of -6.32% in 2022 and -4.44% in 2021. The positive ROA in 2023 suggests that Clear Secure Inc has been more efficient in utilizing its assets to generate profits, reflecting improved operational performance and potentially better management of resources. It is essential to continue monitoring Clear Secure Inc's ROA in future periods to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2023