Juniper Networks Inc (JNPR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,484,500 | 5,288,400 | 4,624,000 | 4,313,100 | 4,341,400 |
| Receivables | US$ in thousands | 1,044,100 | 1,227,300 | 994,400 | 964,100 | 879,700 |
| Receivables turnover | 5.25 | 4.31 | 4.65 | 4.47 | 4.94 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,484,500K ÷ $1,044,100K
= 5.25
The receivables turnover ratio for Juniper Networks Inc has shown variability over the past five years. The ratio has ranged from 4.32 to 5.33 times during this period. This ratio indicates the company's effectiveness in collecting payments from its customers within a given period.
A higher receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, which is favorable as it indicates a shorter time span between credit sales and cash collection. Conversely, a lower ratio may imply inefficiencies in the collection process and potential liquidity risks.
Overall, Juniper Networks Inc has demonstrated relatively consistent performance in managing its receivables turnover, with some fluctuations observed over the years. This ratio should be monitored closely to ensure that the company effectively manages its accounts receivables and maintains a healthy cash flow position.
Peer comparison
Dec 31, 2023