Juniper Networks Inc (JNPR)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	470,100	547,900	609,600	576,300	519,100	469,500	440,300	418,200	387,500	331,700	336,700	341,500	353,100	433,600	447,000	438,900	442,200	460,400	482,000	559,400
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
Operating ROA		4.94%	5.83%	6.50%	6.19%	5.57%	5.23%	4.97%	4.74%	4.36%	3.80%	3.86%	3.92%	3.77%	4.99%	5.11%	5.10%	5.00%	5.26%	5.41%	6.12%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $470,100K ÷ $9,518,500K
= 4.94%

To analyze Juniper Networks Inc's operating return on assets (operating ROA), we can observe fluctuations in the metric over the past eight quarters.

The operating ROA has shown a general positive trend, with some fluctuations, from Q1 2022 to Q3 2023. The metric increased from 5.10% in Q1 2022 to 6.79% in Q2 2023, indicating an improvement in the company's ability to generate operating income from its assets. However, there was a slight decrease in Q4 2023 to 5.97%.

Overall, the operating ROA for Juniper Networks Inc has remained above 5% consistently, which suggests that the company is effectively utilizing its assets to generate operating income. The increasing trend seen in most quarters indicates improved operational efficiency and profitability.

Further analysis and comparison with industry benchmarks or competitors would provide a more comprehensive assessment of Juniper Networks Inc's performance in terms of operating return on assets.