YOU (Clear Secure) Accounts Receivable : $0.6 Mil (As of Sep. 2024)

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What is Clear Secure Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clear Secure's accounts receivables for the quarter that ended in Sep. 2024 was $0.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Clear Secure's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Clear Secure's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.95.

Clear Secure Accounts Receivable Historical Data

The historical data trend for Clear Secure's Accounts Receivable 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 Accounts Receivable Chart

Clear Secure Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.11

0.91

5.33

1.17

0.53

Clear Secure Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															0.74	0.53	0.62	1.12	0.64

Clear Secure Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Clear Secure Accounts Receivable 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 receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.639	/	198.424	*	91
=	0.29

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Clear Secure's accounts receivable are only considered to be worth 75% of book value:

Clear Secure's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(544.697	+	0.75 * 0.639	+	0.5 * 0	-	677.539
-	0	-	52.068)	/	94.5569
=	-1.95

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Clear Secure Accounts Receivable Related Terms

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Clear Secure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clear Secure Inc (NYSE:YOU) » Definitions » Accounts Receivable

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 an identity company making experiences safer and easier digitally and physically. It 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

Alclear Investments Ii, Llc	director, 10 percent owner, other: See Remarks	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
Dennis W. Liu	officer: Chief Accounting Officer	65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Michael Z Barkin	director	390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Jeffery H Boyd	director	C/O ASPEN GROVE CAPITAL, LLC, PO BOX 9389, AVON CO 81620
Patterson Richard N. Jr.	officer: Chief Info Sec. Officer	65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Kasra Moshkani	officer: EVP, Operations	85 10TH AVE., 9TH FLOOR, NEW YORK NY 10022
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
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
General Atlantic, L.p.	10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
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
Matthew Levine	officer: GC & Chief Privacy Officer	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