Palantir Technologies Inc. Class A Common Stock (PLTR)

Days of inventory on hand (DOH)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Inventory turnover		—	—	—	—	—	—	35.31	25.15	—	—	—	9.27	7.80	10.47
DOH	days	—	—	—	—	—	—	10.34	14.51	—	—	—	39.39	46.78	34.85

September 30, 2024 calculation

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

The days of inventory on hand (DOH) for Palantir Technologies Inc. Class A Common Stock has fluctuated over the last few quarters. The DOH ratio indicates how many days a company holds its average inventory before selling it. The lower the number, the better, as it suggests efficient inventory management.

In the most recent quarter, there is no specific data available for the DOH. However, in the previous quarters, the DOH ranged from 10.34 days to 46.78 days. Notably, the DOH decreased significantly from 46.78 days in Jun 30, 2021, to 10.34 days in Mar 31, 2023, indicating an improvement in inventory turnover efficiency.

A consistently low DOH ratio is generally preferred, as it suggests that the company is effectively managing its inventory levels and selling products in a timely manner. However, it is essential to analyze this ratio in conjunction with other financial metrics to gain a comprehensive understanding of Palantir Technologies Inc.'s overall operational efficiency and performance.