Juniper Networks Inc (JNPR)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.52 | 2.39 | 2.28 | 2.33 | 2.48 | 2.49 | 2.66 | 3.18 | 3.78 | 4.37 | 5.42 | 6.48 | 7.32 | 8.74 | 9.15 | 7.74 | 8.90 | 11.15 | 15.50 | 18.79 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 4.22 | 3.41 | 3.64 | 3.54 | 3.29 | 3.46 | 3.81 | 3.48 | 3.45 | 3.93 | 4.39 | 4.09 | 4.38 | 4.23 | 4.82 | 4.56 | 4.00 | 2.88 | 3.15 | 3.09 |
Based on the provided data, we can analyze the activity ratios of Juniper Networks Inc as follows:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently the company is managing its inventory. Juniper Networks' inventory turnover has been consistently decreasing over the years, from 18.79 on March 31, 2020, to 2.52 on December 31, 2024. This indicates that the company is holding onto its inventory for a longer period, which may lead to higher carrying costs and potentially obsolete inventory.
2. Receivables Turnover:
- Unfortunately, there is no data available for the receivables turnover ratio. This ratio would have provided insights into how efficiently Juniper Networks is collecting payments from its customers.
3. Payables Turnover:
- Similar to receivables turnover, data for the payables turnover ratio is not available. This ratio would have shown how quickly Juniper Networks is paying its suppliers, which is essential for managing working capital effectively.
4. Working Capital Turnover:
- The working capital turnover ratio measures how efficiently the company is utilizing its working capital to generate sales. Juniper Networks' working capital turnover has fluctuated but generally remained stable over the years, ranging from 2.88 on September 30, 2020, to 4.39 on June 30, 2022. A higher ratio indicates that the company is effectively using its working capital to generate revenues.
In conclusion, Juniper Networks Inc needs to focus on improving its inventory turnover to avoid potential issues related to excess inventory. Additionally, monitoring and managing receivables and payables turnover ratios would provide valuable insights into the company's liquidity management.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 144.82 | 152.79 | 159.89 | 156.84 | 147.14 | 146.84 | 137.00 | 114.63 | 96.50 | 83.53 | 67.34 | 56.30 | 49.87 | 41.75 | 39.89 | 47.18 | 41.00 | 32.75 | 23.55 | 19.43 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, the analysis of Juniper Networks Inc's activity ratios reveals the following:
1. Days of Inventory on Hand (DOH): Juniper Networks' DOH has been increasing steadily over the years, indicating a longer period it takes for the company to convert its inventory into sales. The DOH has gone from 19.43 days as of March 31, 2020, to 144.82 days as of December 31, 2024. This trend suggests potential issues with inventory management efficiency, as higher DOH values can tie up capital and may signal excess inventory levels.
2. Days of Sales Outstanding (DSO): Data for DSO is not available, which makes it challenging to assess the efficiency of Juniper Networks in collecting its accounts receivable. Without this metric, it is difficult to gauge the company's effectiveness in converting credit sales into cash.
3. Number of Days of Payables: Similar to DSO, information on the number of days of payables is unavailable, making it impossible to evaluate how long Juniper Networks takes to settle its payables to suppliers. This ratio is crucial for understanding the company's ability to manage its working capital effectively.
In conclusion, while the information on Juniper Networks Inc's DOH shows a concerning trend of increasing inventory holding periods, the lack of data on DSO and the number of days of payables limits a comprehensive assessment of the company's overall activity ratios and working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 6.99 | 8.22 | 8.20 | 7.95 | 6.34 | 6.00 | 7.00 | 5.48 | 5.24 | 5.09 | 4.86 | 5.83 | 5.76 | 5.66 | 5.53 |
| Total asset turnover | 0.51 | 0.52 | 0.54 | 0.56 | 0.58 | 0.60 | 0.60 | 0.59 | 0.57 | 0.57 | 0.56 | 0.55 | 0.53 | 0.53 | 0.53 | 0.52 | 0.47 | 0.51 | 0.51 | 0.52 |
In analyzing Juniper Networks Inc's long-term activity ratios, we observe the following trends:
1. Fixed Asset Turnover Ratio:
- The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets.
- The ratio has shown a generally increasing trend from March 31, 2020, to December 31, 2023, indicating improving efficiency in utilizing fixed assets to generate sales.
- There was a significant spike in the ratio from March 31, 2022, to March 31, 2023, suggesting a substantial improvement in asset utilization during this period.
- The values for December 31, 2023, and subsequent dates are not provided, suggesting data may be unavailable or under revision.
2. Total Asset Turnover Ratio:
- The total asset turnover ratio reflects how well a company utilizes its total assets to generate revenue.
- The ratio shows a fluctuating but generally increasing trend from March 31, 2020, to March 31, 2024.
- The ratio peaked at 0.60 on June 30, 2023, indicating efficient utilization of total assets to generate sales at that point.
- There is a slight decline in the ratio from March 31, 2023, to March 31, 2024, but it remains above the levels observed in the earlier periods.
Overall, the analysis of Juniper Networks Inc's long-term activity ratios suggests that the company has shown improvements in asset utilization efficiency over the years, as evidenced by the increasing trend in both fixed asset turnover and total asset turnover ratios. However, the unavailability of data for the most recent periods hinders a comprehensive assessment of the company's long-term activity performance in the latter part of the reporting period.