Juniper Networks Inc (JNPR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,073,600 | 5,564,500 | 5,301,200 | 4,735,400 | 4,445,100 |
| Total assets | US$ in thousands | 10,008,000 | 9,518,500 | 9,326,700 | 8,887,000 | 9,378,300 |
| Total asset turnover | 0.51 | 0.58 | 0.57 | 0.53 | 0.47 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,073,600K ÷ $10,008,000K
= 0.51
Juniper Networks Inc's total asset turnover has shown an increasing trend over the past five years, rising from 0.47 in December 31, 2020, to 0.51 in December 31, 2024. This indicates that the company generated more revenue relative to its total assets each year. However, the total asset turnover ratio of 0.51 in December 31, 2024, suggests that the company may not be utilizing its assets as efficiently as it did in December 31, 2023, when the ratio was at its peak of 0.58. Overall, the increasing trend in total asset turnover reflects improved efficiency in utilizing assets to generate revenue, but it's essential for Juniper Networks Inc to monitor and maintain this ratio to ensure optimal asset utilization in the future.
Peer comparison
Dec 31, 2024