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Palantir Technologies (CHIX:1PLTRM) Receivables Turnover : 1.19 (As of Jun. 2024)


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What is Palantir Technologies Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Palantir Technologies's Revenue for the three months ended in Jun. 2024 was €630 Mil. Palantir Technologies's average Accounts Receivable for the three months ended in Jun. 2024 was €530 Mil. Hence, Palantir Technologies's Receivables Turnover for the three months ended in Jun. 2024 was 1.19.


Palantir Technologies Receivables Turnover Historical Data

The historical data trend for Palantir Technologies's Receivables Turnover 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.

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Palantir Technologies Receivables Turnover Chart

Palantir Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 21.51 10.31 9.16 8.72 7.06

Palantir Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.39 1.51 1.49 1.19

Competitive Comparison of Palantir Technologies's Receivables Turnover

For the Software - Infrastructure subindustry, Palantir Technologies's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Palantir Technologies's Receivables Turnover falls into.



Palantir Technologies Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=2040.336 / ((243.879 + 334.507) / 2 )
=2040.336 / 289.193
=7.06

Palantir Technologies's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=629.986 / ((448.027 + 612.526) / 2 )
=629.986 / 530.2765
=1.19

* 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.


Palantir Technologies  (CHIX:1PLTRm) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Palantir Technologies Receivables Turnover Related Terms

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Palantir Technologies Business Description

Comparable Companies
Address
1200 17th Street, Floor 15, Denver, CO, USA, 80202
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.

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