Parsons Corp (PSN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,398,400 | 5,226,610 | 4,146,450 | 3,709,400 | 3,901,360 |
| Inventory | US$ in thousands | — | — | 0 | 1,275 | 3,606 |
| Inventory turnover | — | — | — | 2,909.33 | 1,081.91 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,398,400K ÷ $—K
= —
Parsons Corp's inventory turnover has shown a significant improvement over the years. In December 2020, the inventory turnover ratio stood at 1,081.91, indicating that the company's inventory was turning over more than a thousand times during that period. By December 2021, the ratio more than doubled to 2,909.33, suggesting that the company managed its inventory more efficiently, possibly through better inventory management practices or increased demand for its products. However, there is missing data for the subsequent years, which limits a comprehensive analysis of the trend. Overall, the increasing trend in inventory turnover ratio is a positive sign of improved inventory management efficiency for Parsons Corp.
Peer comparison
Dec 31, 2024