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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Clear Secure's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.41%.
The historical data trend for Clear Secure's ROCE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clear Secure Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | -36.18 | -15.68 | -36.24 | -21.72 | 3.55 |
Clear Secure Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | -9.49 | 0.14 | 13.15 | 11.67 | 21.41 |
Clear Secure's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 20.138 | / | ( ( (1037.517 - 397.473) | + | (1045.009 - 552.049) ) | / 2 ) | |
= | 20.138 | / | ( (640.044 | + | 492.96) | / 2 ) | |
= | 20.138 | / | 566.502 | ||||
= | 3.55 % |
Clear Secure's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 94.756 | / | ( ( (1045.009 - 552.049) | + | (1017.041 - 624.777) ) | / 2 ) | |
= | 94.756 | / | ( ( 492.96 | + | 392.264 ) | / 2 ) | |
= | 94.756 | / | 442.612 | ||||
= | 21.41 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clear Secure (NYSE:YOU) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Thank you for viewing the detailed overview of Clear Secure's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Durable Capital Partners Lp | 10 percent owner | 4747 BETHESDA AVENUE, SUITE #1002, BETHESDA MD 20814 |
Shawn Henry | director | CROWDSTRIKE HOLDINGS, INC., 150 MATHILDA PLACE, SUITE 300, SUNNYVALE CA 94086 |
Jonathan J. Feldman | officer: EVP, Powered by CLEAR | 85 10TH AVE., 9TH FLOOR, NEW YORK NY 10011 |
Kasra Moshkani | officer: EVP, Operations | 85 10TH AVE., 9TH FLOOR, NEW YORK NY 10022 |
Patterson Richard N. Jr. | officer: Chief Info Sec. Officer | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Jeffery H Boyd | director | C/O ASPEN GROVE CAPITAL, LLC, PO BOX 9389, AVON CO 81620 |
General Atlantic Partners Aiv (ac), L.p. | 10 percent owner | C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055 |
General Atlantic, L.p. | 10 percent owner | 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055 |
Gapco Aiv Interholdco (ac), L.p. | 10 percent owner | C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055 |
Matthew Levine | officer: GC & Chief Privacy Officer | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Kenneth L. Cornick | director, 10 percent owner, officer: President & CFO | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Alclear Investments Ii, Llc | director, 10 percent owner, other: See Remarks | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Alclear Investments, Llc | director, 10 percent owner, other: See Remarks | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Dennis W. Liu | officer: Chief Accounting Officer | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
General Atlantic (alc), L.p. | 10 percent owner | C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055 |
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