Parsons Corp (PSN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 30.82 | 21.52 | 20.59 | 18.90 | 17.29 | |
| Number of days of payables | days | 11.84 | 16.96 | 17.73 | 19.31 | 21.11 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 30.82
= 11.84
The number of days of payables for Parsons Corp has shown a declining trend over the five-year period from 2020 to 2024. On December 31, 2020, the company took an average of 21.11 days to pay its suppliers, which decreased to 19.31 days by the end of 2021. Subsequently, the number of days further decreased to 17.73 days by December 31, 2022, and then to 16.96 days by December 31, 2023. As of the most recent period on December 31, 2024, Parsons Corp only required an average of 11.84 days to settle its payables, indicating a more efficient management of its accounts payable. This decreasing trend suggests that the company has been managing its payments to suppliers more effectively over the years, potentially improving cash flow management and liquidity position.
Peer comparison
Dec 31, 2024