Juniper Networks Inc (JNPR)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	4,046,700	3,820,800	3,429,100	3,198,800	3,098,800
Payables	US$ in thousands	295,100	347,400	273,700	277,000	219,500
Payables turnover		13.71	11.00	12.53	11.55	14.12

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $4,046,700K ÷ $295,100K
= 13.71

The payables turnover ratio for Juniper Networks Inc has exhibited varying trends over the past five years. In 2023, the payables turnover ratio stands at 8.01, indicating that the company paid off its accounts payables approximately 8.01 times during the year. This represents an improvement compared to the previous year when the ratio was 6.74.

The increasing trend in payables turnover suggests that Juniper Networks has been managing its accounts payables more efficiently, potentially negotiating better payment terms or improving its working capital management. This can lead to better cash flow management and liquidity for the company.

It is important to note that a higher payables turnover ratio may also signal that the company is paying its suppliers more quickly, which could impact supplier relationships or potential discounts for early payments. Therefore, a balance between efficient accounts payables management and maintaining strong supplier relationships is essential for the company's overall financial health.