Parsons (Parsons) Days Payable : 20.61 (As of Dec. 2023)

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What is Parsons Days Payable?

Parsons's average Accounts Payable for the three months ended in Dec. 2023 was $255 Mil. Parsons's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,127 Mil. Hence, Parsons's Days Payable for the three months ended in Dec. 2023 was 20.61.

The historical rank and industry rank for Parsons's Days Payable or its related term are showing as below:

PSN' s Days Payable Range Over the Past 10 Years
Min: 19.14 Med: 26.53 Max: 31.49
Current: 19.94

During the past 8 years, Parsons's highest Days Payable was 31.49. The lowest was 19.14. And the median was 26.53.

PSN's Days Payable is ranked worse than
79.71% of 2523 companies
in the Software industry
Industry Median: 51.44 vs PSN: 19.94

Parsons's Days Payable declined from Dec. 2022 (21.33) to Dec. 2023 (20.61). It may suggest that Parsons accelerated paying its suppliers.

Parsons Days Payable Historical Data

The historical data trend for Parsons's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Parsons Days Payable Chart

Parsons Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.88

26.53

27.43

22.34

19.14

Parsons Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															21.33	20.44	19.08	20.44	20.61

Competitive Comparison of Parsons's Days Payable

For the Information Technology Services subindustry, Parsons's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Parsons's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Parsons's Days Payable distribution charts can be found below:

* The bar in red indicates where Parsons's Days Payable falls into.

Parsons Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Parsons's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (201.428	+	242.821)	/	2 )	/	4236.735	*	365
=	222.1245					/	4236.735	*	365
=	19.14

Parsons's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (266.345	+	242.821)	/	2 )	/	1127.022	*	365 / 4
=	254.583					/	1127.022	*	365 / 4
=	20.61

Parsons Days Payable Related Terms

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Parsons (Parsons) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Parsons Corp (NYSE:PSN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

59P:Germany 59P:Germany

Address

5875 Trinity Parkway, Suite 300, Centreville, VA, USA, 21120

Website

https://www.parsons.com

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

Executives

George L. Ball	officer: Chief Financial Officer	10943 N. SAM HOUSTON PARKWAY W., HOUSTON TX 77064
Matthew Ofilos	officer: Chief Financial Officer	C/O PARSONS CORPORATION, 5875 TRINITY PARKWAY, #300, CENTREVILLE VA 20210
Ellen M. Lord	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Susan M. Balaguer	officer: Chief Human Resources Officer	C/O PARSONS, 5875 TRINITY PARKWAY #300, CENTREVILLE VA 20120
Carey A. Smith	officer: Chief Operating Officer	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Michael Richard Kolloway	officer: See Remarks	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
Harry T. Mcmahon	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
David C Wajsgras	director	870 WINTER STREET, WALTHAM MA 02451
Darren W Mcdew	director	100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064
Letitia A Long	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Debra Fiori	officer: Chief People Officer	C/O PARSONS CORPORATION, 5875 TRINITY PARKWAY, #300, CENTREVILLE VA 20120
Charles L. Harrington	director, officer: See Remarks	5875 TRINITY PKWY #300, CENTREVILLE VA 20120
James F Mcgovern	director
M Christian Mitchell	director	355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101