Palantir Technologies Inc. Class A Common Stock (PLTR)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,865,510	2,225,010	1,905,870	1,541,890	1,092,670
Property, plant and equipment	US$ in thousands	—	47,758	69,170	31,304	29,541
Fixed asset turnover		—	46.59	27.55	49.26	36.99

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,865,510K ÷ $—K
= —

Palantir Technologies Inc. Class A Common Stock's fixed asset turnover has exhibited some fluctuations over the period under review. The ratio increased from 36.99 in December 2020 to 49.26 in December 2021, reflecting more efficient utilization of fixed assets to generate revenue. However, in December 2022, the fixed asset turnover declined to 27.55, indicating a potential decrease in the company's ability to generate sales relative to its investment in fixed assets.

The ratio then rebounded significantly to 46.59 in December 2023, showcasing improved efficiency in asset utilization. Notably, data for December 2024 is unavailable, denoted as "—". Overall, a higher fixed asset turnover ratio suggests that Palantir Technologies Inc. is generating more revenue per dollar invested in fixed assets, indicating better efficiency in the management of these assets to drive sales.