Juniper Networks Inc (JNPR)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		4.24	4.17	4.34	5.16	6.17	7.10	8.95	10.98	12.58	15.48	16.03	12.67	15.22	17.59	24.84	30.42	32.90	32.47	32.32	32.67
DOH	days	86.01	87.51	84.04	70.71	59.17	51.39	40.76	33.26	29.02	23.57	22.78	28.81	23.98	20.75	14.70	12.00	11.10	11.24	11.29	11.17

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.24
= 86.01

The Days of Inventory on Hand (DOH) for Juniper Networks Inc has shown an increasing trend over the past 8 quarters, indicating a slower turnover of inventory. In Q1 2022, the DOH was at 56.30 days, steadily increasing to 147.14 days in Q4 2023. This suggests that it takes longer for the company to sell its inventory, which may tie up working capital and lead to potential obsolescence risks. The gradual rise in DOH could be attributed to factors such as production inefficiencies, shifts in customer demand, or supply chain disruptions. Management should closely monitor inventory levels and implement strategies to optimize inventory management to improve operational efficiency and profitability.