Juniper Networks Inc (JNPR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		13.71	11.00	12.53	11.55	14.12
Number of days of payables	days	26.62	33.19	29.13	31.61	25.85

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.71
= 26.62

The number of days of payables for Juniper Networks Inc has fluctuated over the past five years. In 2023, the company took approximately 45.59 days to pay its suppliers, which represents a decrease from the previous year where it took 54.12 days. This suggests that Juniper Networks Inc has improved its efficiency in managing its accounts payable and settling its obligations in a timelier manner.

Comparing to 2021 and 2020, the number of days of payables in 2023 remained relatively lower at 50.07 days and 54.03 days, respectively. This indicates that the company has maintained a consistent approach in managing its payables over these years.

In contrast, the number of days of payables in 2019 was notably lower at 43.81 days compared to the most recent year. This suggests that Juniper Networks Inc was able to settle its payables more quickly in 2019 compared to 2023.

Overall, the trend in the number of days of payables for Juniper Networks Inc shows some variability over the past five years, with improvements in 2023 compared to 2022 but not reaching the efficiency levels seen in 2019. Efficient management of payables is crucial for maintaining healthy cash flow and supplier relationships.