Juniper Networks Inc (JNPR)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 4.24 4.17 4.34 5.16 6.17 7.10 8.95 10.98 12.58 15.48 16.03 12.67 15.22 17.59 24.84 30.42 32.90 32.47 32.32 32.67
Receivables turnover 5.25 5.94 6.16 5.17 4.31 5.01 4.69 5.63 4.65 5.89 5.86 5.81 4.55 5.80 5.76 6.46 4.96 6.82 6.66 6.96
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
Working capital turnover 3.24 3.41 3.76 3.46 3.44 3.92 4.39 4.05 4.28 4.14 4.71 4.44 3.95 2.84 3.10 3.04 2.62 2.46 2.20 1.59

Juniper Networks Inc's activity ratios provide insight into how efficiently the company manages its assets and liabilities.

1. Inventory Turnover: The trend in inventory turnover shows a decline over the periods, indicating that Juniper Networks is taking longer to sell its inventory. This may suggest potential issues with inventory management or slowing sales.

2. Receivables Turnover: Juniper Networks shows a generally consistent or slightly improving trend in receivables turnover, reflecting the company's ability to collect revenue from customers. Higher turnover rates indicate that the company is efficient in collecting its accounts receivable.

3. Payables Turnover: The payables turnover ratio fluctuates but generally stays within a certain range. A higher turnover ratio could indicate better supplier payment management, but it might also suggest that the company is not taking full advantage of payment terms offered by suppliers.

4. Working Capital Turnover: The working capital turnover ratio measures how effectively the company generates revenue relative to its net working capital. The trend shows a slight decline over time, which could indicate inefficiencies in utilizing working capital to generate sales.

Overall, further analysis of Juniper Networks Inc's activity ratios in conjunction with other financial metrics would be beneficial to gain a more comprehensive understanding of the company's operational performance.

Average number of days

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
Days of inventory on hand (DOH) days 86.01 87.51 84.04 70.71 59.17 51.39 40.76 33.26 29.02 23.57 22.78 28.81 23.98 20.75 14.70 12.00 11.10 11.24 11.29 11.17
Days of sales outstanding (DSO) days 69.49 61.40 59.28 70.65 84.71 72.90 77.75 64.82 78.49 61.99 62.30 62.83 80.22 62.95 63.34 56.49 73.61 53.54 54.79 52.46
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

To analyze Juniper Networks Inc's activity ratios, we will focus on Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables.

1. Days of Inventory on Hand (DOH):
- DOH measures how many days inventory is held before being sold. The trend for Juniper Networks shows an increasing trend over the quarters, indicating that inventory is being held for a longer period. This could be due to a build-up of excess inventory or slower sales turnover.

2. Days of Sales Outstanding (DSO):
- DSO measures how many days it takes to collect accounts receivable. Juniper Networks shows a fluctuating trend in DSO, with some quarters showing better collection efficiency than others. Generally, lower DSO values are preferred as they indicate faster collection of receivables.

3. Number of Days of Payables:
- This ratio measures how many days the company takes to pay its suppliers. Juniper Networks' payables days have also shown some variability, but overall the trend has been relatively stable. Longer payables days may indicate the company is taking advantage of supplier credit terms or facing cash flow constraints.

In summary, Juniper Networks should monitor its inventory holding periods closely to avoid excess inventory costs, strive to improve collection efficiency to reduce DSO, and maintain an appropriate balance between payables days to manage cash flow effectively.

Long-term

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
Fixed asset turnover 7.95 8.10 8.12 8.17 7.93 7.71 7.28 6.93 6.58 6.37 6.21 5.93 5.75 5.69 5.56 5.43 5.25 5.11 5.05 5.03
Total asset turnover 0.58 0.59 0.60 0.59 0.57 0.57 0.56 0.54 0.52 0.52 0.52 0.51 0.47 0.50 0.50 0.51 0.49 0.50 0.49 0.49

The fixed asset turnover ratio for Juniper Networks Inc has been consistently high over the past eight quarters, ranging from 7.00 to 8.22. This indicates that the company generates significant sales revenue relative to its investment in fixed assets, reflecting efficient utilization of its long-term assets to generate sales.

In contrast, the total asset turnover ratio for Juniper Networks Inc has also been relatively stable, albeit at a lower level compared to the fixed asset turnover ratio. The total asset turnover ratio has ranged from 0.55 to 0.60 over the same period. This ratio indicates how effectively the company is utilizing all its assets to generate sales revenue.

Overall, both the fixed asset turnover and total asset turnover ratios suggest that Juniper Networks Inc is efficiently using its assets to drive sales growth. However, the high fixed asset turnover ratio highlights the company's strong performance specifically in turning its investment in fixed assets into revenue, which may be a key strength for the company in enhancing its profitability and overall financial performance.