Juniper Networks Inc (JNPR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.25	6.17	12.58	15.22	32.90
DOH	days	85.90	59.17	29.02	23.98	11.10

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.25
= 85.90

Based on the data provided, Juniper Networks Inc's days of inventory on hand (DOH) has shown an increasing trend over the past three years.

In 2021, the company's DOH was 49.87 days, indicating that, on average, Juniper Networks held inventory for approximately 50 days before it was sold. This figure significantly increased to 96.50 days in 2022, and further rose to 147.14 days in 2023.

The increase in DOH suggests that Juniper Networks may be facing challenges in efficiently managing its inventory levels. Holding inventory for an extended period can tie up working capital and increase storage and obsolescence costs.

It is important for Juniper Networks to closely monitor and optimize its inventory management practices to ensure that inventory levels are aligned with demand, thus improving cash flow and overall operational efficiency.