Palantir Technologies Inc. Class A Common Stock (PLTR)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	402,187	367,824	294,100	232,977	167,107	-33,367	-241,053	-359,573	-519,111	-497,542	-465,161	-484,931	-516,472	-1,276,121
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	0	—	—	198,185	197,977	197,753
Total stockholders’ equity	US$ in thousands	4,498,140	4,050,520	3,775,230	3,475,560	3,190,020	2,955,470	2,723,730	2,565,330	2,386,620	2,348,820	2,364,750	2,291,030	2,248,060	2,068,960	1,805,940	1,522,550	1,251,750
Return on total capital		8.94%	9.08%	7.79%	6.70%	5.24%	-1.13%	-8.85%	-14.02%	-21.75%	-21.18%	-19.67%	-21.17%	-22.97%	-61.68%

September 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $402,187K ÷ ($—K + $4,498,140K)
= 8.94%

Palantir Technologies Inc. Class A Common Stock has exhibited fluctuations in its return on total capital over the past 17 quarters. The return on total capital varied from a low of -61.68% in June 2021 to a high of 9.08% in June 2024. The return on total capital has been mostly negative in recent quarters, with significant improvements seen in the most recent quarters.

Overall, there seems to be a pattern of volatility in Palantir Technologies Inc.'s return on total capital, with periods of negative returns followed by periods of positive returns. Investors and stakeholders should closely monitor the company's operational performance and financial health to better understand the factors driving these fluctuations in return on total capital.