Palantir Technologies (NYSE:PLTR) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Palantir Technologies' NYSE:PLTR ) returns on capital, so let's have a look. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Palantir Technologies: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.032 = US$120m ÷ (US$4.5b - US$746m) (Based on the trailing twelve months to December 2023) Therefore, Palantir Technologies has an ROCE of 3.2%. In absolute terms, that's a low return and it also under-performs the Software
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website