Parsons Corp (PSN)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,226,610 | 4,146,450 | 3,709,400 | 3,901,360 | 4,033,590 |
| Inventory | US$ in thousands | — | 0 | 1,275 | 3,606 | 12,686 |
| Inventory turnover | — | — | 2,909.33 | 1,081.91 | 317.96 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,226,610K ÷ $—K
= —
The inventory turnover ratio for Parsons Corp has shown a significant upward trend over the past five years, indicating an improvement in the company's inventory management efficiency. The inventory turnover ratio increased from 317.96 in 2019 to 2,909.33 in 2021, demonstrating a substantial increase in the number of times the company's inventory was sold and replaced within a given period. This signifies that Parsons Corp has been able to sell its inventory more quickly in recent years, which may lead to lower holding costs and better liquidity. However, the absence of data for 2020 and 2023 limits a comprehensive analysis of the trend, and further information would be needed to fully assess the company's inventory turnover performance.
Peer comparison
Dec 31, 2023