Palantir Technologies Inc. Class A Common Stock (PLTR)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	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
Total assets	US$ in thousands	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
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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,646,338K ÷ $5,768,100K
= 0.46

The total asset turnover ratio of Palantir Technologies Inc. Class A Common Stock has been fluctuating over the past few quarters, indicating the company's efficiency in generating revenue relative to its total assets. The ratio has ranged from 0.43 to 0.55, with the latest reported figure of 0.46 as of September 30, 2024.

A total asset turnover ratio of less than 1 suggests that Palantir Technologies Inc. is not generating sufficient revenue relative to its total assets. However, an increasing trend in the ratio over time could indicate improvements in asset utilization and operational efficiency.

It is essential for the company to closely monitor and possibly improve its total asset turnover ratio to ensure optimal utilization of its assets in generating revenue. Management may need to assess and potentially streamline operations to enhance asset efficiency and profitability in the long term.