Juniper Networks Inc (JNPR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 310,200 | 471,000 | 252,700 | 257,800 | 345,000 |
| Total assets | US$ in thousands | 9,518,500 | 9,326,700 | 8,887,000 | 9,378,300 | 8,837,700 |
| ROA | 3.26% | 5.05% | 2.84% | 2.75% | 3.90% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $310,200K ÷ $9,518,500K
= 3.26%
Juniper Networks Inc's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA stood at 3.26%, a decrease from the previous year's ROA of 5.05%. Compared to 2021 and 2020, where the ROA was 2.84% and 2.75% respectively, the 2023 ROA shows an improvement. However, it is still lower than the ROA recorded in 2019, which was at 3.90%.
The varying ROA figures suggest that the company's ability to generate profit from its assets has been inconsistent over the years. Investors and analysts may want to further investigate the reasons behind these fluctuating ROA figures to understand the company's operational efficiency and profitability trends.
Peer comparison
Dec 31, 2023