Parsons Corp (PSN)

Inventory turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	6,140,790	5,795,900	5,538,060	5,226,620	4,915,040	4,638,350	4,341,820	4,146,446	4,012,529	3,876,684	3,767,605	3,709,396	2,796,492	2,819,035	2,884,879	2,979,417	2,994,310	3,017,092	3,089,557	3,028,307
Inventory	US$ in thousands	—	—	—	—	0	—	0	0	—	890	—	1,275	—	—	—	3,606	—	—	—	12,686
Inventory turnover		—	—	—	—	—	—	—	—	—	4,355.82	—	2,909.33	—	—	—	826.24	—	—	—	238.71

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,140,790K ÷ $—K
= —

The inventory turnover for Parsons Corp has been fluctuating over the past few quarters. The inventory turnover ratio measures the number of times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio generally indicates that the company is managing its inventory efficiently.

In this case, we observe a significant increase in inventory turnover from 238.71 in December 2020 to 4,355.82 in June 2022. Such a substantial increase may suggest that Parsons Corp has experienced a more efficient management of its inventory during that period. However, as the data is not available for all periods, it is challenging to identify the exact trend or determine the consistency of this improvement in inventory turnover.

Further analysis and comparison with industry averages or historical data for the company would provide more context to interpret the inventory turnover performance of Parsons Corp accurately.