Juniper Networks Inc (JNPR)

Total asset 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
Total assets	US$ in thousands	9,518,500	9,404,800	9,375,500	9,316,300	9,326,700	8,976,200	8,861,000	8,827,900	8,887,000	8,721,400	8,723,400	8,711,100	9,378,300	8,694,700	8,741,500	8,609,500	8,837,700	8,753,600	8,903,300	9,137,900
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

December 31, 2023 calculation

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

Juniper Networks Inc's total asset turnover has shown consistency and stability over the past eight quarters, ranging between 0.55 and 0.60. This indicates that the company generates approximately $0.55 to $0.60 in revenue for every dollar of assets it holds. The relatively steady performance suggests that Juniper Networks is effectively utilizing its assets to generate sales. However, it is essential to monitor this ratio over time to ensure continued efficiency in asset management and revenue generation.