Palantir Technologies Inc. Class A Common Stock (PLTR)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	565,990	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, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $565,990K ÷ $—K
= —

Palantir Technologies Inc. Class A Common Stock's inventory turnover has shown variations over the years. In 2020, the inventory turnover stood at 9.46, indicating that the company's inventory was sold and replaced approximately 9.46 times during the year. The trend continued in 2021 with a slightly lower turnover of 9.27.

However, in 2022, there was a significant increase in the inventory turnover, reaching 25.15. This surge suggests that the company managed its inventory more efficiently and effectively, possibly due to improved demand forecasting or inventory management practices.

Unfortunately, data for 2023 and 2024 is not available (marked as "—"), making it challenging to assess the trend continuity. It would be beneficial to monitor future inventory turnover ratios to understand if the 2022 peak was sustainable and indicative of ongoing improvements in managing inventory levels and sales.