Juniper Networks Inc (JNPR)

Payables 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
Cost of revenue (ttm)	US$ in thousands	4,041,900	4,072,200	4,020,500	3,931,000	3,820,800	3,690,400	3,536,200	3,479,300	3,429,100	3,455,800	3,389,400	3,283,600	3,198,800	3,092,800	3,072,200	3,093,500	3,098,800	3,032,400	3,048,200	3,067,600
Payables	US$ in thousands	295,100	324,400	371,800	357,500	347,400	352,700	360,600	318,300	273,700	269,700	259,800	244,800	277,000	269,600	238,000	236,400	219,500	229,000	183,300	219,100
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,041,900K ÷ $295,100K
= 13.70

Juniper Networks Inc's payables turnover has shown variability over the past eight quarters, ranging from a low of 5.94 in Q2 2022 to a high of 8.01 in Q4 2023. Payables turnover measures how efficiently a company pays its suppliers, with a higher ratio generally indicating that the company is paying its suppliers more quickly.

The trend in Juniper Networks Inc's payables turnover indicates fluctuations in the company's payment practices. The increase in Q4 2023 compared to previous quarters suggests that the company may be paying its suppliers at a slightly faster rate during that period.

Overall, analyzing payables turnover alongside other financial indicators can provide a more comprehensive view of Juniper Networks Inc's financial health and efficiency in managing its payables.