Palantir Technologies (BSP:P2LT34) ROCE %

: 11.64% (As of Dec. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Palantir Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.64%.

Palantir Technologies ROCE % Historical Data

The historical data trend for Palantir Technologies's ROCE % 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 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-65.76

-83.89

-21.62

-12.61

7.02

Palantir Technologies Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																5.75	2.96	3.80	9.58	11.64

Palantir Technologies ROCE % Calculation

Palantir Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1178.701	/	( ( (18155.583 - 3083.986)	+	(22158.978 - 3655.339) )	/ 2 )
	=	1178.701	/	( (15071.597	+	18503.639)	/ 2 )
	=	1178.701	/	16787.618
	=	7.02 %

Palantir Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2085.02	/	( ( (20710.029 - 3402.394)	+	(22158.978 - 3655.339) )	/ 2 )
	=	2085.02	/	( ( 17307.635	+	18503.639 )	/ 2 )
	=	2085.02	/	17905.637
	=	11.64 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Palantir Technologies (BSP:P2LT34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Palantir Technologies (BSP:P2LT34) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PLTR:USA 1PLTR:Italy PTX:Germany 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.

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