Palantir Technologies (CHIX:1PLTRM) Days Payable : 18.73 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Palantir Technologies Days Payable?

Palantir Technologies's average Accounts Payable for the three months ended in Mar. 2024 was €22 Mil. Palantir Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €107 Mil. Hence, Palantir Technologies's Days Payable for the three months ended in Mar. 2024 was 18.73.

The historical rank and industry rank for Palantir Technologies's Days Payable or its related term are showing as below:

CHIX:1PLTRm' s Days Payable Range Over the Past 10 Years
Min: 11.02 Med: 51.27 Max: 60.46
Current: 11.02

During the past 6 years, Palantir Technologies's highest Days Payable was 60.46. The lowest was 11.02. And the median was 51.27.

CHIX:1PLTRm's Days Payable is ranked worse than
90.42% of 2527 companies
in the Software industry
Industry Median: 50.54 vs CHIX:1PLTRm: 11.02

Palantir Technologies's Days Payable declined from Mar. 2023 (21.11) to Mar. 2024 (18.73). It may suggest that Palantir Technologies accelerated paying its suppliers.

Palantir Technologies Days Payable Historical Data

The historical data trend for Palantir Technologies's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Palantir Technologies Days Payable Chart

Palantir Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

59.10

37.79

48.45

51.38

24.65

Palantir Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															21.11	3.93	5.93	9.16	18.73

Competitive Comparison of Palantir Technologies's Days Payable

For the Software - Infrastructure subindustry, Palantir Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Palantir Technologies's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Palantir Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Palantir Technologies's Days Payable falls into.

Palantir Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Palantir Technologies's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (42.28	+	11.116)	/	2 )	/	395.323	*	365
=	26.698					/	395.323	*	365
=	24.65

Palantir Technologies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (11.116	+	32.783)	/	2 )	/	106.956	*	365 / 4
=	21.9495					/	106.956	*	365 / 4
=	18.73

Palantir Technologies Days Payable Related Terms

Thank you for viewing the detailed overview of Palantir Technologies's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Palantir Technologies (CHIX:1PLTRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palantir Technologies Inc (CHIX:1PLTRm) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PLTR:USA 1PLTR:Italy PTX:Germany P2LT34:Brazil PLTR:Austria

Address

1200 17th Street, Floor 15, Denver, CO, USA, 80202

Website

https://www.palantir.com

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

Palantir Technologies (CHIX:1PLTRM) Headlines

No Headlines