Parsons Corp (PSN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	—	—	2,909.33	1,081.91
DOH	days	—	—	—	0.13	0.34

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Based on the provided data, the days of inventory on hand (DOH) for Parsons Corp have shown a declining trend over the past few years. As of December 31, 2020, the company had 0.34 days of inventory on hand, which decreased significantly to 0.13 days by December 31, 2021.

The data for the following years, December 31, 2022, 2023, and 2024, is not available (indicated by "—" days). This lack of data may suggest either a change in reporting practices or a need for further investigation into the company's inventory management and reporting procedures.

Overall, the decreasing trend in DOH indicates that Parsons Corp has been more efficient in managing its inventory, potentially leading to lower storage costs and a quicker turnover of goods. However, without data for the subsequent years, it is challenging to assess the continuing trend and its implications for the company's operations and financial performance.