Parsons Change To Account Receivables vs Change Receivables Analysis

PSN Stock  USD 58.75  0.74  1.24%   
Parsons Corp financial indicator trend analysis is much more than just breaking down Parsons Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parsons Corp is a good investment. Please check the relationship between Parsons Corp Change To Account Receivables and its Change Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.

Change To Account Receivables vs Change Receivables

JavaScript chart by amCharts 3.21.1520162018202020222024-150M-100M-50M050M100M150M200M250M300M350M400M450M -120M-100M-80M-60M-40M-20M020M40M60M80M100M
JavaScript chart by amCharts 3.21.15Change To Account Receivablestotal: 224.5MChange Receivablestotal: -401M

Change To Account Receivables vs Change Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parsons Corp Change To Account Receivables account and Change Receivables. At this time, the significance of the direction appears to have strong relationship.
Change To Account ReceivablesChange ReceivablesDiversified AwayChange To Account ReceivablesChange ReceivablesDiversified Away100%
The correlation between Parsons Corp's Change To Account Receivables and Change Receivables is 0.64. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Parsons Corp, assuming nothing else is changed. The correlation between historical values of Parsons Corp's Change To Account Receivables and Change Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Parsons Corp are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Change To Account Receivables i.e., Parsons Corp's Change To Account Receivables and Change Receivables go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Change To Account Receivables

Change Receivables

The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Most indicators from Parsons Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parsons Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.At this time, Parsons Corp's Selling General Administrative is very stable compared to the past year. As of the 24th of February 2025, Tax Provision is likely to grow to about 80.8 M, while Issuance Of Capital Stock is likely to drop about 7.5 M.
 2022 2023 2024 2025 (projected)
Gross Profit946.7M1.2B1.4B945.0M
Total Revenue4.2B5.4B6.8B4.4B

Parsons Corp fundamental ratios Correlations

0.750.610.550.690.740.62-0.130.60.740.750.770.70.22-0.40.62
0.750.710.870.90.930.75-0.140.530.940.930.970.890.2-0.590.42
0.610.710.670.80.880.87-0.450.650.650.810.820.840.55-0.640.19
0.550.870.670.860.880.83-0.40.620.830.840.890.93-0.03-0.790.17
0.690.90.80.860.950.89-0.430.690.880.950.950.870.2-0.790.3
0.740.930.880.880.950.92-0.440.720.920.980.990.940.3-0.750.35
0.620.750.870.830.890.92-0.660.860.80.910.880.860.27-0.810.27
-0.13-0.14-0.45-0.4-0.43-0.44-0.66-0.56-0.29-0.4-0.33-0.340.030.810.3
0.60.530.650.620.690.720.86-0.560.640.750.680.720.19-0.570.55
0.740.940.650.830.880.920.8-0.290.640.960.950.820.22-0.610.49
0.750.930.810.840.950.980.91-0.40.750.960.980.890.35-0.680.46
0.770.970.820.890.950.990.88-0.330.680.950.980.940.27-0.70.41
0.70.890.840.930.870.940.86-0.340.720.820.890.940.21-0.70.35
0.220.20.55-0.030.20.30.270.030.190.220.350.270.210.140.28
-0.4-0.59-0.64-0.79-0.79-0.75-0.810.81-0.57-0.61-0.68-0.7-0.70.140.2
0.620.420.190.170.30.350.270.30.550.490.460.410.350.280.2
Click cells to compare fundamentals

Parsons Corp Account Relationship Matchups

Parsons Corp fundamental ratios Accounts

202020212022202320242025 (projected)
Common Stock Shares Outstanding101.2M112.1M113.5M115.1M111.1M107.9M
Total Assets3.9B3.8B4.2B4.8B5.5B3.7B
Other Current Liab649.3M597.3M628.4M801.4M1.2B718.6M
Total Current Liabilities1.2B1.0B1.1B1.4B1.9B1.2B
Total Stockholder Equity1.8B1.9B2.0B2.3B2.4B1.7B
Other Liab191.1M166.4M119.8M136.8M123.1M117.0M
Net Tangible Assets322.6M305.8M280.3M127.6M146.7M154.1M
Retained Earnings(120.6M)(53.5M)43.1M203.7M426.8M448.1M
Accounts Payable225.7M196.3M201.4M242.8M207.6M210.7M
Cash483.6M342.6M262.5M272.9M453.5M326.5M
Other Assets189.5M186.2M176.1M199.9M229.8M132.1M
Long Term Debt540.0M591.9M743.6M746.0M784.1M529.7M
Good Will1.3B1.4B1.7B1.8B2.1B1.3B
Common Stock Total Equity146.4M146.6M146.3M146.1M168.1M92.0M
Inventory12.7M3.6M1.3M1.01.151.09
Other Current Assets84.4M112.2M105.9M191.4M908.5M953.9M
Other Stockholder Equity1.8B1.8B1.9B2.0B1.9B1.6B
Total Liab2.1B1.9B2.1B2.4B3.0B2.0B
Long Term Investments69.0M110.7M107.4M128.2M138.8M92.6M
Total Current Assets1.8B1.6B1.7B2.1B2.5B1.8B
Accumulated Other Comprehensive Income(13.9M)(9.6M)(17.8M)(14.9M)(26.6M)(25.3M)
Treasury Stock(934.2M)(899.3M)(867.4M)(844.9M)(760.4M)(798.5M)
Short Term Debt105.6M57.7M60.9M72.2M516.1M541.9M
Intangible Assets246.0M207.8M254.1M275.6M349.9M218.8M
Common Stock146.6M146.3M146.1M146.3M146.7M107.4M
Property Plant Equipment358.5M121.0M104.2M96.1M110.5M135.0M
Short Long Term Debt Total826.6M796.7M914.2M927.2M1.4B853.4M
Property Plant And Equipment Net331.4M286.9M251.1M258.2M264.6M265.1M
Current Deferred Revenue201.9M171.7M213.1M301.1M346.3M231.3M
Net Debt343.0M454.1M651.6M654.2M961.1M1.0B
Non Current Assets Total2.1B2.2B2.5B2.7B3.0B2.2B
Non Currrent Assets Other56.0M46.1M66.1M71.8M56.1M59.5M
Cash And Short Term Investments483.6M342.6M262.5M272.9M453.5M367.3M
Net Receivables1.3B1.2B1.4B1.7B1.1B1.4B
Long Term Debt Total250.6M540.0M591.9M743.6M855.1M514.4M

Pair Trading with Parsons Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parsons Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parsons Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Parsons Stock

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The ability to find closely correlated positions to Parsons Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parsons Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parsons Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parsons Corp to buy it.
The correlation of Parsons Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parsons Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Parsons Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Parsons Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Parsons Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Parsons Corp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parsons Corp. If investors know Parsons will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parsons Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.641
Earnings Share
2.12
Revenue Per Share
63.52
Quarterly Revenue Growth
0.161
Return On Assets
0.0556
The market value of Parsons Corp is measured differently than its book value, which is the value of Parsons that is recorded on the company's balance sheet. Investors also form their own opinion of Parsons Corp's value that differs from its market value or its book value, called intrinsic value, which is Parsons Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parsons Corp's market value can be influenced by many factors that don't directly affect Parsons Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parsons Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parsons Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parsons Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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