Palantir Technologies Inc. Class A Common Stock (PLTR)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | 35.31 | 25.15 | — | — | — | 9.27 | 7.80 | 10.47 | 9.77 | 9.46 | 8.17 | 7.38 | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 0.58 | 0.60 | 0.62 | 0.63 | 0.66 | 0.68 | 0.71 | 0.75 | 0.78 | 0.81 | 0.78 | 0.73 | 0.70 | 0.67 | 0.67 | 0.63 | 0.66 | 0.69 | 0.84 | 0.76 |
Palantir Technologies Inc.'s Inventory turnover ratio has shown a positive trend over the years, indicating an improvement in the efficiency of managing inventory. The ratio increased steadily from 7.38 in June 2020 to 35.31 in March 2023, before stabilizing at a high level in subsequent periods. This suggests that the company is able to convert its inventory into sales at a faster rate.
On the other hand, the Receivables turnover ratio data is unavailable, making it difficult to assess the efficiency of collecting receivables. Without this information, it is challenging to gauge the effectiveness of the company's credit policies and the ability to convert credit sales into cash.
Similarly, the Payables turnover ratio data is missing, which hinders the analysis of how quickly the company pays its suppliers. This ratio is crucial for understanding the relationship between accounts payable and purchases, as well as the efficiency of managing trade credit.
Regarding the Working capital turnover ratio, it has been relatively stable around the range of 0.6 to 0.8 over the years. This suggests that the company is generating revenues efficiently relative to its working capital. Although there are minor fluctuations, the overall stability of this ratio indicates consistent management of working capital in generating sales revenue.
Average number of days
| Dec 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | 10.34 | 14.51 | — | — | — | 39.39 | 46.78 | 34.85 | 37.38 | 38.60 | 44.66 | 49.44 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) ratio for Palantir Technologies Inc. Class A Common Stock has shown a decreasing trend over the periods reported, indicating that the company is managing its inventory efficiently. From June 30, 2020, to March 31, 2023, there was a significant reduction in DOH from 49.44 days to 10.34 days, suggesting improved inventory turnover and potentially lower holding costs.
The Days of Sales Outstanding (DSO) ratio data is not available, suggesting that there is insufficient information to assess how quickly the company collects its accounts receivable. Without this data, it is challenging to evaluate the efficiency of the company's sales and collection processes accurately.
The Number of Days of Payables ratio data is also not provided, which limits the ability to assess how long the company takes to pay its suppliers. This information is crucial for understanding the company's liquidity and working capital management.
In conclusion, while the DOH ratio indicates improved inventory management for Palantir Technologies Inc., the lack of DSO and Number of Days of Payables data hinders a comprehensive analysis of the company's overall activity ratios.
See also:
Long-term
| Dec 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 8.84 | 37.80 | 31.45 | 27.55 | 31.65 | 6.73 | 39.34 | 6.21 | 49.73 | 5.68 | 5.00 | 4.43 | 34.05 | 30.66 | — |
| Total asset turnover | 0.45 | 0.46 | 0.48 | 0.49 | 0.49 | 0.51 | 0.51 | 0.54 | 0.55 | 0.55 | 0.53 | 0.50 | 0.47 | 0.44 | 0.43 | 0.40 | 0.41 | 0.38 | 0.48 | — |
Palantir Technologies Inc.'s Fixed Asset Turnover ratio has fluctuated over the years, indicating varying efficiency in generating sales from fixed assets. The ratio was initially very high in June 2020 and September 2020, possibly due to a significant increase in sales relative to fixed assets during that period. However, it sharply dropped in December 2020 before gradually improving in the following quarters. Notably, there were significant spikes in Fixed Asset Turnover in September 2021 and March 2022, suggesting improved efficiency in utilizing fixed assets to generate revenue. The ratio subsequently fluctuated but remained relatively stable through 2023. It dropped significantly in September 2023 and remained at low levels until the end of 2024, possibly indicating lower sales relative to fixed assets during that period.
On the other hand, Palantir's Total Asset Turnover ratio fluctuated, starting with a relatively low value in June 2020 and gradually increasing until December 2022, where it reached its peak. This indicates that Palantir effectively generated revenue relative to its total assets during this period. However, the ratio slightly declined in 2023 and continued to decrease until December 2024. The decreasing trend may suggest a decline in sales generated from total assets or an increase in the asset base without a proportional increase in revenue.
Overall, the analysis of these long-term activity ratios provides insights into Palantir Technologies Inc.'s efficiency in generating sales from fixed and total assets over the years, highlighting periods of improved efficiency and potential challenges in asset utilization.