Clear Secure Inc (YOU)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 128,970 | 153,536 | 165,866 | 233,329 | 275,904 | 266,931 | 296,774 | 291,065 | 291,668 | 290,190 | 279,638 |
| Return on total capital | 81.27% | 57.97% | 35.50% | 8.63% | -9.99% | -42.17% | -42.42% | -44.34% | -44.09% | -32.91% | -42.95% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $104,813K ÷ ($—K + $128,970K)
= 81.27%
Clear Secure Inc's return on total capital has shown significant improvement over the quarters, with a notable increase from negative figures in the past to positive returns in the most recent period. The return on total capital has steadily increased from -42.95% in the first quarter of 2022 to 81.27% in the third quarter of 2024, indicating a positive trend in the company's ability to generate profits relative to its total capital employed. This improvement suggests better operational efficiency and profitability, which is a positive indicator for Clear Secure Inc's financial performance and potential growth prospects.
Peer comparison
Sep 30, 2024