Palantir Technologies Inc. Class A Common Stock (PLTR)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | 35.31 | 25.15 | — | — | — | 9.27 | 7.80 | 10.47 |
| Receivables turnover | 3.96 | 3.76 | 4.79 | 6.10 | 4.94 | 5.44 | 7.81 | 7.38 | 5.33 | 6.56 | 6.42 | 8.08 | 8.21 | 5.47 |
| 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 |
| Working capital turnover | 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 |
Palantir Technologies Inc.'s activity ratios reflect its efficiency in managing inventory, receivables, payables, and working capital.
- Inventory turnover: The company has shown a significant improvement in managing its inventory over the years, with a substantial increase from 7.80 in Dec 2021 to 35.31 in Mar 2023. However, there is missing data for more recent quarters, which limits a complete analysis.
- Receivables turnover: Palantir has a consistent trend in collecting receivables efficiently, with turnover ratios ranging from 3.76 to 8.21 over the past few quarters. The highest turnover was seen in Jun 2021, indicating a good collection process.
- Payables turnover: The company has varied payables turnover ratios, which could indicate fluctuations in its payment terms with suppliers. It experienced a significant decrease from 93.11 in Mar 2023 to 4.53 in Dec 2022 but then increased to 18.26 in Mar 2023.
- Working capital turnover: Palantir's working capital turnover has been relatively stable over the assessed period, ranging from 0.60 to 0.81. This suggests that the company efficiently utilizes its working capital to generate revenue, with slight fluctuations in turnover ratios.
Overall, Palantir Technologies Inc. has shown effectiveness in managing receivables and working capital turnover, but the variability in payables turnover indicates potential changes in supplier payment practices. The company's efficiency in managing inventory requires further data analysis for a comprehensive evaluation.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | 10.34 | 14.51 | — | — | — | 39.39 | 46.78 | 34.85 |
| Days of sales outstanding (DSO) | days | 92.15 | 97.08 | 76.15 | 59.84 | 73.90 | 67.07 | 46.71 | 49.48 | 68.47 | 55.62 | 56.86 | 45.20 | 44.48 | 66.77 |
| 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 |
Days of inventory on hand (DOH) measures how many days a company holds on average before selling its inventory. A decreasing trend in DOH is generally positive, indicating efficient inventory management. In the most recent period ending Sep 30, 2024, DOH is not available for analysis.
Days of sales outstanding (DSO) indicates the average number of days it takes for a company to collect revenue after a sale. A lower DSO is favorable as it implies quicker cash conversion. Palantir's DSO has fluctuated over the periods, with a spike in Jun 30, 2024, followed by a decrease in Sep 30, 2024.
The number of days of payables shows how long a company takes to pay its suppliers. A higher number indicates a longer time before settling payables. Palantir had an increase in days of payables from Jun 30, 2024, to Sep 30, 2024, suggesting a longer payment period with suppliers.
Overall, while DOH data was not available for analysis, Palantir should continue monitoring and managing its DSO and days of payables to optimize its working capital and cash flow efficiency.
See also:
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 65.59 | 57.01 | 49.76 | 46.59 | 42.39 | 37.80 | 31.45 | 27.55 | 31.65 | 36.61 | 39.34 | 49.26 | 49.73 | 53.51 |
| Total asset turnover | 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 |
The fixed asset turnover ratio for Palantir Technologies Inc. Class A Common Stock has shown a generally increasing trend over the past few quarters, indicating that the company is generating more revenue per dollar invested in fixed assets. This suggests improved efficiency in asset utilization and could be a positive sign for potential return on investment in the future.
On the other hand, the total asset turnover ratio has fluctuated within a relatively narrow range over the same period. This indicates that the company's overall ability to generate sales from its total assets has remained stable, with minor fluctuations that may not significantly impact the company's operational efficiency.
Overall, the analysis of Palantir Technologies Inc.'s long-term activity ratios suggests that the company has been effectively managing its fixed assets to generate revenue, while maintaining a consistent level of sales generated from its total assets over the quarters analyzed.