Parsons Corp (PSN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	161,149	96,664	64,072	98,541	120,534
Total assets	US$ in thousands	4,804,060	4,198,140	3,830,940	3,937,700	3,450,370
ROA		3.35%	2.30%	1.67%	2.50%	3.49%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $161,149K ÷ $4,804,060K
= 3.35%

Parsons Corp's return on assets (ROA) has shown fluctuation over the past five years. ROA increased from 2.50% in 2020 to 3.35% in 2023, indicating improved efficiency in generating profit relative to its total assets. However, the 2022 and 2021 ROA figures of 2.30% and 1.67% suggest a decrease in profitability during those years. Overall, the ROA trend suggests that Parsons Corp's management of assets to generate profits has been somewhat inconsistent, with the company experiencing both improvements and declines in efficiency over the period analyzed.