Parsons Corp (PSN)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,510,460 | 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 |
| Total assets | US$ in thousands | 5,487,960 | 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 |
| Total asset turnover | 1.19 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,510,460K ÷ $5,487,960K
= 1.19
The total asset turnover of Parsons Corp has shown some fluctuations over the analyzed period. The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
From March 31, 2020, to December 31, 2024, Parsons Corp's total asset turnover ratio ranged from 0.94 to 1.19. The ratio started at 1.15 in March 2020, indicating that the company generated $1.15 in sales for every $1 of assets. It then experienced a slight increase to 1.16 by June 2020 but began to decline gradually over the following quarters, reaching a low of 0.94 by June 30, 2022.
However, there was a notable improvement in the total asset turnover ratio from March 31, 2023, onwards. The ratio increased steadily, reaching 1.19 by December 31, 2024, indicating a positive trend in the company's efficiency in generating sales from its assets.
Overall, the trend in total asset turnover suggests that Parsons Corp has made efforts to enhance its asset utilization efficiency in the latter part of the analyzed period, which is a positive indicator of the company's operational performance and resource management.
Peer comparison
Dec 31, 2024