Total Asset Turnover
since 2020
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Palantir Technologies Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Debt to Equity since 2020
- Price to Sales (P/S) since 2020
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Calculation
Palantir Technologies Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$ in thousands
- Revenue
- The revenue demonstrates a consistent upward trend over the five-year period, increasing from approximately $1.09 billion in 2020 to about $2.87 billion in 2024. This represents a substantial growth, indicating strong sales performance and expansion of business operations.
- Total assets
- Total assets have also increased steadily, from around $2.69 billion in 2020 to $6.34 billion in 2024. The growth rate in assets is significant, exceeding the pace of revenue growth, which suggests considerable investments in assets or acquisitions aimed at supporting future growth or operational expansion.
- Total asset turnover
- The total asset turnover ratio improved from 0.41 in 2020 to a peak of 0.55 in 2022, indicating enhanced efficiency in utilizing assets to generate revenue. However, this efficiency declined in the subsequent years to 0.49 in 2023 and further to 0.45 in 2024. This reduction suggests that the company’s asset base grew faster than its revenue during the last two years, resulting in a slight decrease in asset utilization effectiveness.
- Overall analysis
- The company shows strong growth in both revenue and total assets over the period. Initially, asset utilization improved, demonstrating better efficiency in generating sales from assets. However, the recent decline in the asset turnover ratio may warrant attention to ensure that asset growth translates effectively into revenue. The increasing asset base paired with revenue growth reflects ongoing expansion efforts but indicates a potential need to optimize asset deployment for sustained operational efficiency.
Comparison to Competitors
Palantir Technologies Inc., total asset turnover, long-term trends, comparison to competitors
| Palantir Technologies Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | |||||||||||||||
| Dec 31, 2023 | |||||||||||||||
| Dec 31, 2022 | |||||||||||||||
| Dec 31, 2021 | |||||||||||||||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Software & Services)
Palantir Technologies Inc., total asset turnover, long-term trends, comparison to sector (software & services)
| Palantir Technologies Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Information Technology)
Palantir Technologies Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Palantir Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).