Palantir Technologies Inc. Class A Common Stock (PLTR)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	500,096	461,379	439,716	431,105	426,777	426,466	421,791	408,549	391,801	370,994	359,696	339,404	322,344	384,880
Inventory	US$ in thousands	—	—	—	—	0	—	11,946	16,244	—	0	—	36,628	41,316	36,750	37,106	37,285	43,800
Inventory turnover		—	—	—	—	—	—	35.31	25.15	—	—	—	9.27	7.80	10.47

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $500,096K ÷ $—K
= —

Based on the available data for Palantir Technologies Inc. Class A Common Stock, the inventory turnover ratio has shown fluctuations over the past few quarters. The inventory turnover ratio indicates how efficiently the company is managing its inventory levels. A higher turnover ratio generally signifies that inventory is being sold or used more quickly.

The inventory turnover ratio was not available for the most recent quarters, but looking back at the previous quarters, a notable trend can be observed. In March 2023, the inventory turnover ratio was 35.31, reflecting a significant improvement in inventory management efficiency. This high turnover rate suggests that Palantir Technologies Inc. was able to sell or use its inventory multiple times during that period.

Subsequently, there was a decrease in the inventory turnover ratio in December 2023 to 25.15, indicating a slight decline in the efficiency of managing inventory compared to the previous quarter. The ratio then further decreased in the following quarters, with values of 9.27 in December 2021, 7.80 in September 2021, and 10.47 in June 2021.

Overall, based on the available data, Palantir Technologies Inc. has shown varying levels of efficiency in managing its inventory over the quarters analyzed. It would be important to monitor future trends in the inventory turnover ratio to assess the company's ability to optimize inventory levels and maximize sales.