Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Palantir Technologies Inc., long-term (investment) activity ratios
Based on: 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Palantir Technologies Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Palantir Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Palantir Technologies Inc. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Palantir Technologies Inc. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net Fixed Asset Turnover
Palantir Technologies Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 2,225,012) | 1,905,871) | 1,541,889) | 1,092,673) | |
| Property and equipment, net | 47,758) | 69,170) | 31,304) | 29,541) | |
| Long-term Activity Ratio | |||||
| Net fixed asset turnover1 | 46.59 | 27.55 | 49.26 | 36.99 | |
| Benchmarks | |||||
| Net Fixed Asset Turnover, Competitors2 | |||||
| Accenture PLC | 41.90 | 37.12 | 30.83 | 28.68 | |
| Adobe Inc. | 9.56 | 9.23 | 9.44 | 8.48 | |
| Autodesk Inc. | 34.76 | 26.99 | 19.66 | 20.25 | |
| Cadence Design Systems Inc. | 10.14 | 9.59 | 9.77 | 8.62 | |
| CrowdStrike Holdings Inc. | 4.55 | 5.57 | 5.24 | 3.54 | |
| International Business Machines Corp. | 11.25 | 11.35 | 10.07 | 7.33 | |
| Intuit Inc. | 14.83 | 14.33 | 12.35 | 10.46 | |
| Microsoft Corp. | 2.22 | 2.66 | 2.81 | 3.24 | |
| Oracle Corp. | 2.93 | 4.37 | 5.74 | 6.26 | |
| Palo Alto Networks Inc. | 19.44 | 15.38 | 13.37 | 9.79 | |
| Salesforce Inc. | 8.47 | 9.41 | 8.64 | 7.20 | |
| ServiceNow Inc. | 6.61 | 6.88 | 7.70 | 6.85 | |
| Synopsys Inc. | 10.48 | 10.51 | 8.90 | 7.62 | |
| Net Fixed Asset Turnover, Sector | |||||
| Software & Services | 3.76 | 4.51 | 4.76 | 5.19 | |
| Net Fixed Asset Turnover, Industry | |||||
| Information Technology | 3.52 | 4.15 | 4.45 | 4.24 | |
Based on: 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 2023 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 2,225,012 ÷ 47,758 = 46.59
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Palantir Technologies Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Palantir Technologies Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 2,225,012) | 1,905,871) | 1,541,889) | 1,092,673) | |
| Property and equipment, net | 47,758) | 69,170) | 31,304) | 29,541) | |
| Operating lease right-of-use assets | 182,863) | 200,240) | 216,898) | 217,075) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 230,621) | 269,410) | 248,202) | 246,616) | |
| Long-term Activity Ratio | |||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 9.65 | 7.07 | 6.21 | 4.43 | |
| Benchmarks | |||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||
| Accenture PLC | 15.38 | 13.17 | 10.48 | 9.37 | |
| Adobe Inc. | 8.13 | 7.61 | 7.46 | 6.42 | |
| Autodesk Inc. | 12.87 | 9.39 | 6.22 | 5.45 | |
| Cadence Design Systems Inc. | 7.38 | 6.57 | 6.85 | 6.04 | |
| CrowdStrike Holdings Inc. | 4.21 | 4.97 | 4.30 | 3.54 | |
| International Business Machines Corp. | 7.09 | 7.37 | 6.43 | 5.00 | |
| Intuit Inc. | 9.99 | 8.86 | 8.30 | 8.00 | |
| Microsoft Corp. | 1.93 | 2.26 | 2.37 | 2.70 | |
| Oracle Corp. | 2.31 | 3.21 | 4.20 | 4.74 | |
| Palo Alto Networks Inc. | 11.16 | 9.17 | 7.32 | 5.62 | |
| Salesforce Inc. | 4.76 | 4.65 | 3.75 | 3.16 | |
| ServiceNow Inc. | 4.33 | 4.18 | 4.34 | 4.06 | |
| Synopsys Inc. | 5.19 | 4.87 | 4.35 | 3.88 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||
| Software & Services | 3.04 | 3.50 | 3.60 | 3.83 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||
| Information Technology | 3.09 | 3.59 | 3.79 | 3.60 | |
Based on: 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 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 2,225,012 ÷ 230,621 = 9.65
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Palantir Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Palantir Technologies Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 2,225,012) | 1,905,871) | 1,541,889) | 1,092,673) | |
| Total assets | 4,522,425) | 3,461,239) | 3,247,450) | 2,690,504) | |
| Long-term Activity Ratio | |||||
| Total asset turnover1 | 0.49 | 0.55 | 0.47 | 0.41 | |
| Benchmarks | |||||
| Total Asset Turnover, Competitors2 | |||||
| Accenture PLC | 1.25 | 1.30 | 1.17 | 1.20 | |
| Adobe Inc. | 0.65 | 0.65 | 0.58 | 0.53 | |
| Autodesk Inc. | 0.53 | 0.51 | 0.52 | 0.53 | |
| Cadence Design Systems Inc. | 0.72 | 0.69 | 0.68 | 0.68 | |
| CrowdStrike Holdings Inc. | 0.45 | 0.40 | 0.32 | 0.34 | |
| International Business Machines Corp. | 0.46 | 0.48 | 0.43 | 0.47 | |
| Intuit Inc. | 0.52 | 0.46 | 0.62 | 0.70 | |
| Microsoft Corp. | 0.51 | 0.54 | 0.50 | 0.47 | |
| Oracle Corp. | 0.37 | 0.39 | 0.31 | 0.34 | |
| Palo Alto Networks Inc. | 0.48 | 0.45 | 0.42 | 0.38 | |
| Salesforce Inc. | 0.32 | 0.28 | 0.32 | 0.31 | |
| ServiceNow Inc. | 0.52 | 0.54 | 0.55 | 0.52 | |
| Synopsys Inc. | 0.57 | 0.54 | 0.48 | 0.46 | |
| Total Asset Turnover, Sector | |||||
| Software & Services | 0.51 | 0.53 | 0.49 | 0.48 | |
| Total Asset Turnover, Industry | |||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | |
Based on: 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 2023 Calculation
Total asset turnover = Revenue ÷ Total assets
= 2,225,012 ÷ 4,522,425 = 0.49
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Palantir Technologies Inc. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Equity Turnover
Palantir Technologies Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 2,225,012) | 1,905,871) | 1,541,889) | 1,092,673) | |
| Stockholders’ equity | 3,475,561) | 2,565,326) | 2,291,030) | 1,522,550) | |
| Long-term Activity Ratio | |||||
| Equity turnover1 | 0.64 | 0.74 | 0.67 | 0.72 | |
| Benchmarks | |||||
| Equity Turnover, Competitors2 | |||||
| Accenture PLC | 2.50 | 2.79 | 2.59 | 2.61 | |
| Adobe Inc. | 1.18 | 1.25 | 1.07 | 0.97 | |
| Autodesk Inc. | 4.37 | 5.17 | 3.93 | — | |
| Cadence Design Systems Inc. | 1.20 | 1.30 | 1.09 | 1.08 | |
| CrowdStrike Holdings Inc. | 1.53 | 1.42 | 1.00 | 0.65 | |
| International Business Machines Corp. | 2.75 | 2.76 | 3.03 | 3.57 | |
| Intuit Inc. | 0.83 | 0.77 | 0.98 | 1.50 | |
| Microsoft Corp. | 1.03 | 1.19 | 1.18 | 1.21 | |
| Oracle Corp. | 46.56 | — | 7.73 | 3.24 | |
| Palo Alto Networks Inc. | 3.94 | 26.20 | 6.71 | 3.09 | |
| Salesforce Inc. | 0.54 | 0.46 | 0.51 | 0.50 | |
| ServiceNow Inc. | 1.18 | 1.44 | 1.60 | 1.59 | |
| Synopsys Inc. | 0.95 | 0.92 | 0.79 | 0.75 | |
| Equity Turnover, Sector | |||||
| Software & Services | 1.31 | 1.44 | 1.44 | 1.53 | |
| Equity Turnover, Industry | |||||
| Information Technology | 1.44 | 1.60 | 1.65 | 1.64 | |
Based on: 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 2023 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 2,225,012 ÷ 3,475,561 = 0.64
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Palantir Technologies Inc. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |