Palantir Technologies Inc. Class A Common Stock (PLTR)

Cash conversion cycle

		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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.34	14.51	0.00	0.00	0.00	39.39	46.78	34.85	37.38	38.60	44.66	49.44	0.00

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00

The cash conversion cycle of Palantir Technologies Inc. Class A Common Stock has shown fluctuations over the years, indicating changes in the company's ability to efficiently convert its resources into cash. In March 2020, the company had a cash conversion cycle of 0.00 days, which means it was able to quickly convert its cash outflows into inflows. However, this increased to 49.44 days in June 2020, suggesting a delay in converting resources into cash.

From September 2020 to March 2021, the cash conversion cycle decreased steadily, reaching a low of 34.85 days in June 2021, indicating an improvement in the company's efficiency in managing its cash flow. Subsequently, the cycle increased to 46.78 days in September 2021 but then decreased to 39.39 days by December 2021, demonstrating some variability in the company's cash conversion efficiency.

In the following quarters up to March 2022, the company returned to a cycle of 0.00 days, indicating a very efficient cash conversion process. However, in December 2022 and March 2023, the cycle increased again to 14.51 days and 10.34 days, respectively, suggesting a slower conversion of resources to cash.

As of June 2023, the cash conversion cycle returned to 0.00 days and remained at that level for subsequent quarters, indicating that the company had improved its efficiency in managing cash flow conversion. Overall, fluctuations in the cash conversion cycle of Palantir Technologies Inc. Class A Common Stock reflect changes in the company's working capital management and liquidity position over the years.