Juniper Networks Inc (JNPR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	5,484,500	5,571,600	5,593,700	5,485,300	5,288,400	5,144,700	4,921,900	4,779,600	4,624,000	4,559,000	4,501,500	4,408,800	4,386,600	4,372,100	4,348,700	4,362,200	4,361,800	4,334,700	4,393,000	4,490,700
Property, plant and equipment	US$ in thousands	689,900	687,800	689,100	671,000	666,800	667,200	675,700	689,400	703,000	715,400	725,100	743,600	762,300	768,600	781,600	802,900	830,900	848,700	870,000	892,400
Fixed asset turnover		7.95	8.10	8.12	8.17	7.93	7.71	7.28	6.93	6.58	6.37	6.21	5.93	5.75	5.69	5.56	5.43	5.25	5.11	5.05	5.03

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,484,500K ÷ $689,900K
= 7.95

The fixed asset turnover ratio for Juniper Networks Inc has been consistently strong over the past eight quarters, ranging from 7.00 to 8.22. This indicates that the company is efficient in generating sales revenue relative to its investment in fixed assets. The higher the ratio, the better the company is utilizing its fixed assets to generate sales.

Specifically, in the most recent quarter (Q4 2023), the fixed asset turnover ratio was 8.07, showing a slight decrease from the previous quarter but still at a healthy level. This suggests that Juniper Networks Inc is effectively utilizing its fixed assets to generate sales revenue, which is a positive sign for investors and stakeholders.

Overall, the trend of consistently high fixed asset turnover ratios demonstrates Juniper Networks Inc's ability to efficiently manage and utilize its fixed assets to drive revenue generation. Investors may view this as a positive indicator of the company's operational efficiency and potential for future growth.