Palantir Technologies Inc. Class A Common Stock (PLTR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	25.15	9.27	9.46
DOH	days	—	14.51	39.39	38.60

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Palantir Technologies Inc. Class A Common Stock have shown a significant improvement over the past few years. In 2020, the company held inventory for an average of 38.60 days, which reduced to 39.39 days in 2021. Subsequently, there was a considerable drop to 14.51 days in 2022, indicating a more efficient management of inventory levels. However, the DOH data is missing for 2023, hence making it difficult to ascertain the current trend. Overall, the decreasing trend in DOH suggests that Palantir has been able to streamline its inventory management processes and reduce excess inventory on hand, potentially leading to cost savings and improved liquidity.