Palantir Technologies Inc. Class A Common Stock (PLTR)

Number of days of payables

		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
Payables turnover		18.51	6.85	12.34	35.56	45.04	92.45	93.11	9.12	6.58	6.53	13.10	4.53	18.26	12.45
Number of days of payables	days	19.72	53.28	29.58	10.26	8.10	3.95	3.92	40.01	55.44	55.88	27.86	80.56	19.99	29.32

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.51
= 19.72

The number of days of payables for Palantir Technologies Inc. Class A Common Stock has shown fluctuations over the past few quarters. As of September 30, 2024, the company took approximately 19.72 days to pay off its payables, indicating a relatively efficient payment cycle. This represents a significant improvement compared to the previous quarter (June 30, 2024) when the number of days of payables was much higher at 53.28 days.

Looking further back, the trend continues to show variability in the company's payables management. For instance, in March 31, 2024, the number of days of payables was 29.58 days, followed by a relatively quick payment cycle of 10.26 days by the end of December 31, 2023. However, the company's ability to manage payables efficiently was evident in September 30, 2023, with only 8.10 days required to settle payables.

On the other hand, there were instances of longer payment cycles in the past, such as in March 31, 2022, when it took 55.88 days to pay off payables and the highest number of days of payables recorded at 80.56 days on December 31, 2021.

Overall, the fluctuating number of days of payables for Palantir Technologies Inc. Class A Common Stock indicates varying efficiency in managing its accounts payable over the analyzed period. It is essential for investors and stakeholders to monitor this metric to assess the company's liquidity position and operational efficiency.