Palantir Technologies Inc. Class A Common Stock (PLTR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	431,105	408,549	339,404	352,547
Inventory	US$ in thousands	—	16,244	36,628	37,285
Inventory turnover		—	25.15	9.27	9.46

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $431,105K ÷ $—K
= —

The inventory turnover ratio for Palantir Technologies Inc. Class A Common Stock has seen fluctuations over the past four years. In 2020, the ratio was 9.46, indicating the company sold and replaced its entire inventory approximately 9.46 times during the year. In 2021, the ratio increased to 9.27, suggesting a slight decrease in the rate of inventory turnover. However, there was a significant improvement in 2022, with the ratio jumping to 25.15, indicating a substantial increase in the company's efficiency in managing and selling its inventory.

Unfortunately, the latest data for 2023 is not available to provide further insight into the trend. Nonetheless, the upward trajectory from 2020 to 2022 suggests that Palantir Technologies Inc. has been effectively managing its inventory to generate sales and reduce carrying costs, which can be a positive sign of operational efficiency and financial health.