Juniper Networks Inc (JNPR)
Working capital 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 current assets | US$ in thousands | 3,795,500 | 3,871,300 | 3,751,000 | 3,658,100 | 3,617,100 | 3,208,700 | 3,072,000 | 3,038,300 | 2,956,600 | 2,739,600 | 2,646,100 | 2,600,300 | 3,271,200 | 3,038,500 | 3,001,200 | 2,972,700 | 3,209,800 | 3,187,500 | 3,758,600 | 4,309,600 |
| Total current liabilities | US$ in thousands | 2,104,000 | 2,236,800 | 2,262,200 | 2,074,200 | 2,078,900 | 1,896,700 | 1,949,900 | 1,858,400 | 1,876,500 | 1,639,100 | 1,690,900 | 1,607,700 | 2,161,100 | 1,501,600 | 1,596,300 | 1,536,500 | 1,543,900 | 1,422,900 | 1,766,200 | 1,489,100 |
| Working capital turnover | 3.24 | 3.41 | 3.76 | 3.46 | 3.44 | 3.92 | 4.39 | 4.05 | 4.28 | 4.14 | 4.71 | 4.44 | 3.95 | 2.84 | 3.10 | 3.04 | 2.62 | 2.46 | 2.20 | 1.59 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,484,500K ÷ ($3,795,500K – $2,104,000K)
= 3.24
Juniper Networks Inc has demonstrated consistent variations in its working capital turnover ratio over the past eight quarters. The working capital turnover ratio measures the company's ability to efficiently utilize its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital.
In the most recent quarter, Q4 2023, the working capital turnover ratio was 3.29, which was lower than the previous quarter's ratio of 3.46 in Q3 2023. However, it is important to note that the ratio remained relatively stable around the 3.45 to 3.93 range in the four quarters prior to Q4 2023.
The highest working capital turnover was observed in Q2 2022, with a ratio of 4.39, indicating that Juniper Networks was particularly efficient in converting its working capital into sales revenue during that period. On the other hand, the lowest ratio was seen in Q4 2022, at 3.45, signaling a slight decrease in efficiency compared to other quarters.
Overall, the trend in Juniper Networks Inc's working capital turnover ratio shows fluctuations over time, with some quarters exhibiting better efficiency in utilizing working capital than others. It is essential for the company to maintain a balance between its working capital management and revenue generation to sustain profitability and operational effectiveness.
Peer comparison
Dec 31, 2023