Palantir Technologies Inc. Class A Common Stock (PLTR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,225,010	1,905,870	1,541,890	1,092,670
Receivables	US$ in thousands	364,784	258,346	190,923	156,932
Receivables turnover		6.10	7.38	8.08	6.96

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,225,010K ÷ $364,784K
= 6.10

The receivables turnover ratio for Palantir Technologies Inc. Class A Common Stock has shown a downward trend over the past four years. In 2021, the ratio was at its peak at 8.08, indicating the company's ability to collect outstanding receivables efficiently. However, this ratio decreased to 6.10 in 2023, suggesting a decline in the company's collection efficiency. The decreasing trend in the receivables turnover ratio may indicate potential issues with the company's credit policies, collection efforts, or the creditworthiness of its customers. Further analysis and monitoring of the receivables turnover ratio are recommended to assess the effectiveness of Palantir's accounts receivable management.