Parsons Corp (PSN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.52 | 20.59 | 18.90 | 17.29 | 18.62 | |
| Number of days of payables | days | 16.96 | 17.73 | 19.31 | 21.11 | 19.60 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.52
= 16.96
Parsons Corp's number of days of payables has shown a decreasing trend over the past five years, from 19.60 days in 2019 to 16.96 days in 2023. This indicates that the company is taking fewer days to pay its suppliers, which could imply improved efficiency in managing its working capital and relationships with vendors. A lower number of days of payables may also suggest a potential reduction in the company's reliance on trade credit and cash flow management. It is important to monitor this trend over time to ensure that the company is effectively managing its payables while maintaining healthy supplier relationships.
Peer comparison
Dec 31, 2023