Parsons Corp (PSN)

Number of days of payables

Dec 31, 2024 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
Payables turnover 30.82 20.45 22.92 20.20 21.52 18.45 19.55 20.73 20.59 19.98 19.91 23.99 18.90 14.81 14.71 13.16 13.20 14.37 14.38 13.13
Number of days of payables days 11.84 17.84 15.92 18.07 16.96 19.78 18.67 17.61 17.73 18.27 18.33 15.22 19.31 24.64 24.82 27.74 27.65 25.39 25.39 27.81

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 fluctuating trend over the past few years. Starting at 27.81 days on March 31, 2020, the number decreased steadily to 15.22 days on March 31, 2022. This indicates that the company was taking fewer days to pay its suppliers during this period.

However, from March 31, 2022, there was an upward trend in the number of days of payables, reaching 18.67 days by June 30, 2023. This suggests that the company was taking longer to settle its payables during this period.

Subsequently, there was a slight decrease in the number of days of payables to 11.84 days on December 31, 2024. Overall, the trend in the number of days of payables for Parsons Corp reflects variability over the years, indicating changes in the company's payment practices and liquidity management.