Clear Secure Inc (YOU)

Return on assets (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
Net income (ttm)	US$ in thousands	80,365	72,246	52,138	28,108	2,806	-49,304	-60,470	-65,573	-105,654	-85,805	-80,654
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
ROA		9.36%	7.35%	5.13%	2.69%	0.26%	-4.54%	-5.53%	-6.32%	-11.81%	-9.60%	-9.44%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $80,365K ÷ $858,577K
= 9.36%

Clear Secure Inc's return on assets (ROA) has shown a positive trend over the past few quarters, indicating an improvement in the company's efficiency in generating profits from its assets. The ROA increased from -9.44% in the first quarter of 2022 to 9.36% in the third quarter of 2024. This suggests that the company has been able to enhance its profitability relative to its asset base.

The significant improvement in ROA from negative values to positive values implies that Clear Secure Inc has successfully managed its assets more effectively and efficiently, leading to a more profitable operation. Investors and stakeholders may view this trend positively, as it signifies a potential turnaround in the company's financial performance and a step towards sustainable growth.

However, it is essential to further investigate the factors driving this improvement in ROA to assess the company's long-term sustainability and competitiveness in the market. Monitoring Clear Secure Inc's ROA over the coming quarters will provide valuable insights into its operational efficiency and overall financial health.