Palantir Technologies Inc. Class A Common Stock (PLTR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		35.56	9.12	4.53	21.55
Number of days of payables	days	10.26	40.01	80.56	16.94

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 35.56
= 10.26

The number of days of payables for Palantir Technologies Inc. Class A Common Stock has fluctuated over the past four years. In 2023, the company took an average of 10.26 days to pay off its payables, showing an improvement in its payment efficiency compared to the previous years. This indicates that the company is managing its payables more effectively, possibly negotiating better terms with its suppliers or streamlining its payment processes.

In 2022, Palantir Technologies Inc. took an average of 40.01 days to pay off its payables, indicating a longer payment cycle compared to 2023. This might suggest that the company faced challenges in managing its working capital efficiently or had extended payment terms with its suppliers.

In 2021, the number of days of payables was significantly higher at 80.56 days, indicating that the company took a longer time to settle its payables. This could be a red flag, suggesting potential liquidity issues or strained relationships with suppliers.

In 2020, Palantir Technologies Inc. had an average of 16.94 days of payables, showing an improvement compared to 2021 but still higher than the 2023 figure. This suggests that the company made progress in managing its payables more promptly.

Overall, a decreasing trend in the number of days of payables over the years indicates improved efficiency in managing the company's working capital and cash flow. However, it is essential to continue monitoring this ratio to ensure that the company maintains a balanced approach in managing its payables effectively.