Parsons Corp (PSN)

Number of days of payables

		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
Payables turnover		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	13.98
Number of days of payables	days	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	26.11

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.45
= 17.84

Based on the historical data provided, Parsons Corp has managed its payables efficiently over the past few years. The number of days of payables has shown some variability, ranging from a low of 15.22 days to a high of 27.81 days.

In the most recent period ending on September 30, 2024, Parsons Corp had an average payment period of 17.84 days. This indicates that, on average, the company takes approximately 17.84 days to pay off its trade payables.

Overall, Parsons Corp's number of days of payables has generally been at a reasonable level, suggesting that the company has been able to effectively manage its supplier relationships and payment processes. It is important for the company to maintain a balance between optimizing payment terms with suppliers and managing its cash flow efficiently.