Juniper Networks Inc (JNPR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,484,500 | 5,571,600 | 5,593,700 | 5,485,300 | 5,288,400 | 5,144,700 | 4,921,900 | 4,779,600 | 4,624,000 | 4,559,000 | 4,501,500 | 4,408,800 | 4,386,600 | 4,372,100 | 4,348,700 | 4,362,200 | 4,361,800 | 4,334,700 | 4,393,000 | 4,490,700 |
| Receivables | US$ in thousands | 1,044,100 | 937,300 | 908,500 | 1,061,800 | 1,227,300 | 1,027,600 | 1,048,400 | 848,800 | 994,400 | 774,300 | 768,300 | 758,900 | 964,100 | 754,000 | 754,700 | 675,100 | 879,700 | 635,800 | 659,400 | 645,400 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,484,500K ÷ $1,044,100K
= 5.25
The receivables turnover ratio measures how efficiently a company collects its accounts receivable during a specific period. Juniper Networks Inc's receivables turnover has fluctuated over the past eight quarters. In Q2 2023, the company exhibited the highest efficiency in collecting receivables with a turnover of 6.24, which indicates that on average, Juniper converted its accounts receivable into cash 6.24 times during that quarter. This was an improvement from the previous quarter but slightly lower than Q1 2023.
The trend in the receivables turnover ratio indicates that Juniper's ability to collect outstanding receivables has generally been improving since Q1 2022 when the ratio was at 5.69. The most recent ratio of 5.33 in Q4 2023 indicates a slight decline in efficiency compared to the previous quarter's high. Overall, Juniper Networks Inc has shown relatively consistent performance in collecting its receivables over the past eight quarters, with some fluctuations reflecting changes in the company's credit policies, customer payment behavior, or overall economic conditions.
Peer comparison
Dec 31, 2023