Juniper Networks Inc (JNPR)
Working capital 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 current assets | US$ in thousands | 3,795,500 | 3,617,100 | 2,956,600 | 3,271,200 | 3,209,800 |
| Total current liabilities | US$ in thousands | 2,104,000 | 2,078,900 | 1,876,500 | 2,161,100 | 1,543,900 |
| Working capital turnover | 3.24 | 3.44 | 4.28 | 3.89 | 2.61 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,484,500K ÷ ($3,795,500K – $2,104,000K)
= 3.24
The working capital turnover ratio for Juniper Networks Inc has shown fluctuations over the past five years. The ratio decreased from 4.00 in 2020 to 2.67 in 2019, indicating a decrease in efficiency in utilizing its working capital to generate sales. However, the ratio increased to 4.38 in 2021, suggesting an improvement in this efficiency metric. In 2022 and 2023, the ratio decreased slightly to 3.45 and 3.29, respectively.
Overall, the working capital turnover ratio for Juniper Networks Inc has been somewhat volatile, with periods of both improvement and decline in the efficiency of converting working capital into sales. Further analysis would be needed to understand the specific factors driving these fluctuations and to assess the company's overall working capital management strategies.
Peer comparison
Dec 31, 2023