Juniper Networks Inc (JNPR)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,073,600 | 5,034,300 | 5,101,100 | 5,341,600 | 5,564,500 | 5,648,500 | 5,665,300 | 5,504,800 | 5,301,200 | 5,152,300 | 4,926,500 | 4,829,200 | 4,735,400 | 4,658,100 | 4,607,500 | 4,521,500 | 4,445,100 | 4,430,600 | 4,425,500 | 4,441,700 |
| Total current assets | US$ in thousands | 3,845,600 | 3,525,500 | 3,444,300 | 3,540,900 | 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 |
| Total current liabilities | US$ in thousands | 2,642,000 | 2,048,100 | 2,043,600 | 2,030,000 | 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 |
| Working capital turnover | 4.22 | 3.41 | 3.64 | 3.54 | 3.29 | 3.46 | 3.81 | 3.48 | 3.45 | 3.93 | 4.39 | 4.09 | 4.38 | 4.23 | 4.82 | 4.56 | 4.00 | 2.88 | 3.15 | 3.09 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,073,600K ÷ ($3,845,600K – $2,642,000K)
= 4.22
Working capital turnover measures how efficiently a company utilizes its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital.
Analyzing the data provided for Juniper Networks Inc over multiple quarters, we observe fluctuations in the working capital turnover ratio. This ratio has shown an improving trend from March 31, 2020, to December 31, 2021, indicating the company was effectively using its working capital to support its sales activities.
The ratio peaked at 4.82 on June 30, 2021, which implies that for every dollar of working capital invested, the company generated $4.82 in sales revenue during that quarter. This high turnover rate suggests that Juniper Networks was efficiently managing its working capital during that period.
However, from September 30, 2021, to December 31, 2024, we see a slight decline in the working capital turnover ratio. This may indicate that the company's efficiency in utilizing its working capital to generate sales started to decrease during this period.
Overall, the trend in Juniper Networks Inc's working capital turnover ratio shows variability but generally indicates effective management of working capital to support sales activities, with some fluctuations observed over the quarters. Further analysis and comparison with industry benchmarks would provide more insights into the company's working capital efficiency.
Peer comparison
Dec 31, 2024