Juniper Networks Inc (JNPR)

Total asset 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
Total assets	US$ in thousands	9,518,500	9,326,700	8,887,000	9,378,300	8,837,700
Total asset turnover		0.58	0.57	0.52	0.46	0.49

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,484,500K ÷ $9,518,500K
= 0.58

The total asset turnover of Juniper Networks Inc has shown a fluctuating trend over the past five years. The ratio measures how efficiently the company is utilizing its assets to generate revenue.

In 2023, the total asset turnover ratio increased to 0.58 from 0.57 in 2022, indicating a slight improvement in the company's asset utilization efficiency. This may suggest that Juniper Networks is generating more revenue relative to its total assets compared to the previous year.

Looking back further, in 2021, the total asset turnover was 0.53, which was also higher than in 2020 and 2019, where it was 0.47 and 0.50, respectively. This indicates that the company has been steadily improving its asset turnover efficiency over the years.

Overall, the increasing trend in total asset turnover indicates that Juniper Networks Inc has been effectively managing its assets to generate sales revenue. This is a positive sign for investors and stakeholders as it reflects the company's ability to efficiently utilize its assets to drive growth and profitability.