Palantir Technologies Inc. Class A Common Stock (PLTR)

Return on assets (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
Net income (ttm)	US$ in thousands	476,572	404,552	298,553	209,825	147,312	-48,068	-255,524	-373,705	-560,771	-539,033	-498,284	-520,379	-512,534	-1,263,716
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
ROA		8.26%	7.79%	6.21%	4.64%	3.51%	-1.21%	-6.94%	-10.80%	-16.90%	-16.42%	-15.01%	-16.02%	-15.90%	-41.09%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $476,572K ÷ $5,768,100K
= 8.26%

Palantir Technologies Inc.'s return on assets (ROA) has witnessed fluctuations over the past several quarters. The ROA stood at 8.26% in September 2024, marking an improvement compared to previous periods. This suggests that the company generated 8.26 cents of profit for every dollar of assets in that quarter.

It is important to note that the company's ROA has been volatile, with variations ranging from a positive 8.26% to a negative 41.09% in the analyzed periods. The negative ROA values in some quarters indicate that Palantir Technologies Inc. may not have effectively utilized its assets to generate profits during those periods.

Overall, the increasing trend in ROA in the most recent quarters indicates potential improvement in the company's asset efficiency and profitability. However, it is essential to monitor future ROA trends to assess the sustainability and effectiveness of Palantir Technologies Inc.'s asset management and operational performance.