Palantir Technologies Inc. Class A Common Stock (PLTR)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover	—	—	25.15	9.27	9.46
Receivables turnover	—	—	—	—	—
Payables turnover	—	—	—	—	—
Working capital turnover	0.58	0.66	0.78	0.70	0.66

Palantir Technologies Inc.'s Inventory turnover has shown a slight decrease from 9.46 in December 31, 2020, to 9.27 in December 31, 2021, but then experienced a significant increase to 25.15 in December 31, 2022. However, the data is missing for the years 2023 and 2024.

The Receivables turnover and Payables turnover ratios are not provided for any of the years, indicating that there is a lack of data to calculate these ratios.

In terms of Working capital turnover, the company's efficiency in generating revenue from its working capital has improved over the years, as indicated by an increase from 0.66 in December 31, 2020, to 0.70 in December 31, 2021, and further to 0.78 in December 31, 2022. However, this efficiency declined slightly to 0.66 in December 31, 2023, and then to 0.58 in December 31, 2024.

Overall, while the Inventory turnover fluctuated and the Working capital turnover showed a mixed performance, the lack of data for Receivables turnover and Payables turnover limits a comprehensive analysis of Palantir Technologies Inc.'s activity ratios.

Average number of days

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Days of inventory on hand (DOH)	days	—	—	14.51	39.39	38.60
Days of sales outstanding (DSO)	days	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—

The activity ratios for Palantir Technologies Inc. Class A Common Stock provide insights into the efficiency of the company's operations in managing inventory, collecting receivables, and paying suppliers.

1. Days of Inventory on Hand (DOH):
- December 31, 2020: 38.60 days
- December 31, 2021: 39.39 days
- December 31, 2022: 14.51 days
- December 31, 2023: Data not available
- December 31, 2024: Data not available

The DOH ratio indicates the number of days it takes for the company to sell its inventory. A decreasing trend in DOH from 2020 to 2022 suggests that Palantir Technologies improved its inventory management efficiency by reducing the number of days it holds inventory before selling.

2. Days of Sales Outstanding (DSO):
- All data points are not available.

DSO measures the average number of days it takes the company to collect payment after a sale. The absence of data indicates that information about the company's accounts receivable turnover is not available for analysis.

3. Number of Days of Payables:
- All data points are not available.

The number of days of payables measures the average number of days the company takes to pay its suppliers. Lack of data precludes an assessment of Palantir Technologies' ability to manage its payables effectively.

In conclusion, based on the available information, Palantir Technologies Inc. has shown improvements in managing inventory efficiency, while insights into its accounts receivable and accounts payable activities are not available for analysis.

Long-term

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Fixed asset turnover	—	46.59	27.55	49.26	36.99
Total asset turnover	0.45	0.49	0.55	0.47	0.41

The fixed asset turnover ratio is a measure of how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data provided for Palantir Technologies Inc. Class A Common Stock from 2020 to 2024, we observe fluctuations in the fixed asset turnover ratio over the years.

In 2020, the fixed asset turnover ratio was 36.99, indicating that for every dollar invested in fixed assets, the company generated $36.99 in revenue. This ratio improved significantly in 2021 to 49.26, suggesting increased efficiency in utilizing fixed assets to generate revenue. However, in 2022, the ratio dropped to 27.55, showing a decrease in the efficiency of generating revenue from fixed assets. The ratio improved again in 2023 to 46.59, indicating better utilization of fixed assets. Unfortunately, there is missing data for 2024, which makes it difficult to analyze the trend further.

On the other hand, the total asset turnover ratio, which measures the efficiency of the company in generating sales from all its assets, showed a different trend. The total asset turnover ratio increased from 0.41 in 2020 to 0.47 in 2021, indicating an improvement in generating sales from total assets. In 2022, the ratio further increased to 0.55, showing increased efficiency in utilizing total assets to generate revenue. However, there was a slight decline in 2023 to 0.49, although still higher than the initial year. Finally, in 2024, the total asset turnover ratio decreased to 0.45, which could indicate a potential decline in the efficiency of generating sales from total assets.

Overall, analyzing the long-term activity ratios of Palantir Technologies Inc. Class A Common Stock reveals fluctuations in both the fixed asset turnover and total asset turnover ratios. It is important for investors to monitor these ratios closely to assess the company's ability to efficiently utilize its assets in generating revenue.