Palantir Technologies Inc. Class A Common Stock (PLTR)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		6.10	7.38	8.08	6.96
DSO	days	59.84	49.48	45.20	52.42

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.10
= 59.84

The days of sales outstanding (DSO) for Palantir Technologies Inc. Class A Common Stock has shown variability over the past four years. In 2023, the DSO increased to 59.84 days from 49.48 days in 2022. This suggests that the company took longer to collect revenue from its sales in 2023 compared to the previous year.

It is also noteworthy that the DSO was higher in 2023 compared to 2021, where it stood at 45.20 days. This indicates a potential deterioration in the company's ability to efficiently convert sales into cash during the most recent year.

However, it is worth mentioning that the DSO in 2023 was lower than in 2020, where it was 52.42 days. This could suggest that there was some improvement in the company's collection process between 2020 and 2023, despite the increase from 2022 to 2023.

Overall, the trend in DSO for Palantir Technologies Inc. Class A Common Stock indicates some inconsistency in the efficiency of the company's accounts receivable management over the past four years. Further analysis of the underlying factors affecting DSO in each year would provide more insights into the company's financial operations and potential areas for improvement.