Palantir Technologies Inc. Class A Common Stock (PLTR)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	2,865,507	2,646,338	2,478,981	2,334,164	2,225,012	2,125,286	2,045,007	1,984,700	1,905,871	1,830,114	1,744,380	1,647,012	1,541,889	1,431,113	1,328,333	1,204,580	1,092,673	999,940	901,115	825,546
Total assets	US$ in thousands	6,340,880	5,768,100	5,191,880	4,807,080	4,522,420	4,193,420	3,980,260	3,683,140	3,461,240	3,318,840	3,282,340	3,319,180	3,247,450	3,224,330	3,075,670	3,014,180	2,690,500	2,603,710	1,892,360	—
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	—

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,865,507K ÷ $6,340,880K
= 0.45

Palantir Technologies Inc.'s total asset turnover has shown a fluctuating trend over the analyzed periods. The ratio indicates how efficiently the company is generating revenue from its total assets. A higher total asset turnover generally implies effective asset utilization.

From June 2020 to September 2021, there was a steady increase in the total asset turnover from 0.48 to 0.44, suggesting an improvement in the company's ability to generate revenue from its assets. This indicates a positive trend in asset utilization efficiency. However, from December 2021 to December 2024, the total asset turnover fluctuated between 0.45 and 0.55, showing some instability in the company's asset efficiency during these periods.

Overall, Palantir Technologies Inc.'s total asset turnover has shown variability, indicating that the company's ability to generate revenue from its total assets has fluctuated over the analyzed periods. Further analysis and consideration of other financial metrics are recommended to gain a comprehensive understanding of the company's financial performance and asset management efficiency.