Clear Secure (Clear Secure) Change In Receivables : $0.3 Mil (TTM As of Mar. 2024)

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What is Clear Secure Change In Receivables?

Clear Secure's change in receivables for the quarter that ended in Mar. 2024 was $-0.1 Mil. It means Clear Secure's Accounts Receivable increased by $0.1 Mil from Dec. 2023 to Mar. 2024 .

Clear Secure's change in receivables for the fiscal year that ended in Dec. 2023 was $0.6 Mil. It means Clear Secure's Accounts Receivable declined by $0.6 Mil from Dec. 2022 to Dec. 2023 .

Clear Secure's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.6 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Clear Secure's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Clear Secure's liquidation value for the three months ended in Mar. 2024 was $-48.8 Mil.

Clear Secure Change In Receivables Historical Data

The historical data trend for Clear Secure's Change In Receivables 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.

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Clear Secure Change In Receivables Chart

Clear Secure Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.40

0.20

-4.21

4.16

0.64

Clear Secure Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial													0.21	0.03	0.19	0.21	-0.10

Clear Secure Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.3 Mil.

Clear Secure (NYSE:YOU) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Clear Secure's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.621	/	179.049	*	91
=	0.32

2. In Ben Graham's calculation of liquidation value, Clear Secure's accounts receivable are only considered to be worth 75% of book value:

Clear Secure's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	698.461	-	747.766	+	0.75 * 0.621	+	0.5 * 0
=	-48.8

Clear Secure Change In Receivables Related Terms

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Clear Secure (Clear Secure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clear Secure Inc (NYSE:YOU) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 10th Avenue, 9th Floor, New York, NY, USA, 10011

Website

https://www.clearme.com

Clear Secure Inc is involved in the creation of a frictionless travel experience while enhancing security. Its secure identity platform uses biometrics to automate the identity verification process through lanes in airports which helps to make the travel experience safe and easy.

Executives

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