Parsons Corp (PSN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	—	2,909.33	1,081.91	317.96
DOH	days	—	—	0.13	0.34	1.15

December 31, 2023 calculation

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

To analyze Parsons Corp's Days of Inventory on Hand (DOH) over the past five years, we observe a decreasing trend from 2019 to 2021, indicating a more efficient inventory management strategy. In 2021, the DOH was at its lowest point at 0.13 days, suggesting that the company held minimal inventory relative to its sales volume. However, in 2022 and 2023, the DOH data is missing, making it challenging to assess the inventory turnover efficiency during those years. It is essential to monitor inventory management closely to ensure optimal working capital utilization and operational performance.