Palantir Technologies Inc. Class A Common Stock (PLTR)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	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, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,225,010K ÷ $47,758K
= 46.59

Palantir Technologies Inc.'s fixed asset turnover has displayed fluctuations over the past four years. The ratio was 36.99 in 2020, increased to 49.26 in 2021, then decreased to 27.55 in 2022 before significantly rising to 46.59 in 2023. This indicates the company's ability to generate revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales. The sharp changes in the ratio over the years may indicate variations in the company's operational efficiency and asset utilization. Further analysis of the underlying reasons driving these fluctuations would provide greater insights into Palantir Technologies Inc.'s performance and operational effectiveness in leveraging its fixed assets.