Parsons Corp (PSN)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,264,580 | 5,873,900 | 5,562,230 | 5,420,030 | 5,029,810 | 4,747,920 | 4,402,530 | 4,178,698 | 4,025,763 | 3,849,036 | 3,719,087 | 3,642,242 | 3,654,190 | 3,700,975 | 3,802,012 | 3,900,269 | 3,976,446 | 3,996,148 | 4,003,311 | 3,932,510 |
| Total assets | US$ in thousands | 5,443,340 | 5,238,730 | 5,098,440 | 4,804,060 | 4,732,990 | 4,507,510 | 4,255,810 | 4,198,140 | 4,094,990 | 4,109,800 | 3,808,840 | 3,830,940 | 3,823,930 | 3,839,300 | 3,865,000 | 3,937,700 | 3,918,760 | 3,451,180 | 3,488,600 | 3,450,370 |
| Total asset turnover | 1.15 | 1.12 | 1.09 | 1.13 | 1.06 | 1.05 | 1.03 | 1.00 | 0.98 | 0.94 | 0.98 | 0.95 | 0.96 | 0.96 | 0.98 | 0.99 | 1.01 | 1.16 | 1.15 | 1.14 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,264,580K ÷ $5,443,340K
= 1.15
The total asset turnover of Parsons Corp has shown fluctuations over the past several quarters. The metric indicates how efficiently the company is utilizing its assets to generate revenue. Higher total asset turnover values suggest better efficiency in utilizing assets to generate sales.
From the data provided, the total asset turnover has generally been trending upwards over the last few quarters, with values ranging from 0.94 to 1.15. A value above 1 indicates that the company is generating more revenue per dollar of assets, which is generally positive.
The most recent total asset turnover ratio stood at 1.15, indicating that for every dollar of assets held by Parsons Corp, the company generated $1.15 in revenue. This suggests an efficient use of assets in generating sales revenue.
It is important to note that while a higher total asset turnover ratio is generally preferred, the optimal value can vary between industries. Therefore, it is crucial to compare this ratio with industry benchmarks and historical values of the company to gain a more comprehensive understanding of its financial performance.
Peer comparison
Sep 30, 2024