Clear Secure Inc (YOU)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 28,108 | -65,573 | -36,082 |
| Total stockholders’ equity | US$ in thousands | 233,329 | 291,065 | 277,613 |
| ROE | 12.05% | -22.53% | -13.00% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $28,108K ÷ $233,329K
= 12.05%
Clear Secure Inc's return on equity (ROE) has shown significant variability over the past three years.
In 2023, the ROE improved to a positive 12.05%, indicating that the company generated a profit of 12.05% on the shareholders' equity during the year. This is a positive sign as higher ROE reflects better profitability and efficiency in utilizing the shareholders' equity.
However, in 2022, Clear Secure Inc experienced a negative ROE of -22.53%, suggesting that the company incurred a loss of 22.53% on the shareholders' equity during the year. This indicates poor performance and inefficiency in utilizing equity to generate profit.
Similarly, in 2021, ROE was also negative at -13.00%, reflecting another year of loss on equity for the company.
The variability in ROE over the three-year period indicates fluctuations in the company's profitability and efficiency in generating returns for shareholders. It is essential for Clear Secure Inc to focus on improving its ROE consistently to ensure sustainable growth and value creation for its shareholders.
Peer comparison
Dec 31, 2023