Palantir Technologies Inc. Class A Common Stock (PLTR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	2,646,338	2,478,981	2,334,164	2,225,012	2,125,286	2,045,007	1,984,700	1,905,871	1,830,114	1,744,380	1,647,012	1,541,889	1,431,113	1,328,333
Property, plant and equipment	US$ in thousands	40,345	43,483	46,906	47,758	50,133	54,097	63,115	69,170	57,822	47,644	41,866	31,304	28,778	24,824	27,378	29,541	29,369
Fixed asset turnover		65.59	57.01	49.76	46.59	42.39	37.80	31.45	27.55	31.65	36.61	39.34	49.26	49.73	53.51

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,646,338K ÷ $40,345K
= 65.59

The fixed asset turnover ratio for Palantir Technologies Inc. Class A Common Stock has been showing a generally increasing trend over the past few quarters. The ratio increased from 27.55 in December 2022 to 65.59 in September 2024, indicating that the company is generating more revenue from its fixed assets.

A higher fixed asset turnover ratio suggests that the company is using its fixed assets more efficiently to generate sales. This can be a positive sign of operational efficiency and effective asset management.

It is essential for investors and analysts to monitor this ratio over time to assess the company's ability to generate revenue from its fixed assets and to ensure sustainable growth and profitability.