Juniper Networks Inc (JNPR)

Number of days of payables

		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
Payables turnover		13.70	12.55	10.81	11.00	11.00	10.46	9.81	10.93	12.53	12.81	13.05	13.41	11.55	11.47	12.91	13.09	14.12	13.24	16.63	14.00
Number of days of payables	days	26.65	29.08	33.75	33.19	33.19	34.88	37.22	33.39	29.13	28.49	27.98	27.21	31.61	31.82	28.28	27.89	25.85	27.56	21.95	26.07

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.70
= 26.65

Juniper Networks Inc's number of days of payables has shown a decreasing trend from Q2 2022 to Q4 2023, indicating that the company is taking fewer days to pay its suppliers. The company's ability to manage its payables more efficiently over this period is reflected in the declining trend. In Q4 2023, Juniper Networks Inc took approximately 45.59 days to pay its suppliers, the lowest number of days of payables in the analyzed quarters. This suggests that the company has been able to optimize its working capital management by extending payment terms strategically or negotiating better deals with suppliers. Overall, the downward trend in the number of days of payables indicates an improvement in Juniper Networks Inc's liquidity and cash flow management.