Clear Secure Inc (YOU)
Return on total capital
| Dec 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 123,191 | 104,813 | 97,343 | 75,251 | 33,911 | -17,306 | -111,018 | -134,919 | -135,760 | -131,428 | -97,940 | -120,030 | -114,589 | -83,449 | -39,683 | 20,340 | -18,452 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 198,353 | 128,970 | 153,536 | 165,866 | 233,329 | 275,904 | 266,931 | 296,774 | 291,065 | 291,668 | 290,190 | 279,638 | 277,613 | 286,284 | 62,641 | 139,681 | 82,355 |
| Return on total capital | 62.11% | 81.27% | 63.40% | 45.37% | 14.53% | -6.27% | -41.59% | -45.46% | -46.64% | -45.06% | -33.75% | -42.92% | -41.28% | -29.15% | -63.35% | 14.56% | -22.41% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $123,191K ÷ ($—K + $198,353K)
= 62.11%
Clear Secure Inc's return on total capital has shown significant variability over the analyzed period.
- The company started with a negative return on total capital at the end of December 2020, indicating that it was not effectively utilizing its capital to generate profits.
- By March 2021, there was a notable improvement in the return on total capital, turning positive at 14.56%, reflecting a better utilization of capital resources to generate returns.
- However, the performance deteriorated in subsequent quarters, with negative returns recorded for the rest of 2021 and into 2022, indicating operational challenges or inefficiencies in capital deployment.
- The trend started to reverse in the first quarter of 2023, with a positive return of 14.53%, signaling a potential turnaround in operational efficiency and profitability.
- From March 2023 onwards, the return on total capital continued to improve significantly, reaching substantial levels by the end of December 2024, indicating that Clear Secure Inc had managed to effectively utilize its capital to generate higher returns.
Overall, the fluctuating trend in the return on total capital suggests that Clear Secure Inc underwent periods of financial challenges and operational improvements, ultimately leading to a more favorable performance by the end of the analyzed period.
Peer comparison
Dec 31, 2024