Palantir Technologies Inc. Class A Common Stock (PLTR)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 365,154 | 291,997 | 196,732 | 119,966 | 36,346 | -65,828 | -117,647 | -161,201 | -202,318 | -232,068 | -336,471 | -411,046 | -508,675 | -1,264,511 | |||
| 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 |
| Operating ROA | 6.33% | 5.62% | 4.09% | 2.65% | 0.87% | -1.65% | -3.19% | -4.66% | -6.10% | -7.07% | -10.14% | -12.66% | -15.78% | -41.11% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $365,154K ÷ $5,768,100K
= 6.33%
Palantir Technologies Inc.'s operating return on assets (ROA) has displayed a fluctuating trend over the past several quarters, indicating variations in the company's operational efficiency and asset management. The operating ROA improved from -41.11% in the fourth quarter of 2020 to 6.33% in the third quarter of 2024, showing a significant positive turnaround.
This positive shift suggests that Palantir has been able to generate more operating income relative to its total assets, reflecting enhanced operational effectiveness and potentially improved asset utilization. The consistent increase in operating ROA from negative values to positive figures signifies a strengthening financial performance and operational productivity.
It is essential for investors and stakeholders to closely monitor Palantir's operating ROA to assess the company's ability to generate profits from its assets and efficiently manage its operations. This indicator serves as a key metric for evaluating the company's operational performance and its ability to generate returns on its investments.
Overall, the recent improvement in Palantir's operating ROA indicates positive momentum in the company's operational efficiency and profitability, highlighting potential positive prospects for the business.
Peer comparison
Sep 30, 2024