Juniper Networks Inc (JNPR)

Return on assets (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
Net income (ttm)	US$ in thousands	310,200	366,300	411,700	500,700	471,000	423,500	390,900	339,500	252,700	150,600	207,100	206,300	257,800	395,400	349,300	334,300	345,000	368,800	493,300	563,600
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
ROA		3.26%	3.89%	4.39%	5.37%	5.05%	4.72%	4.41%	3.85%	2.84%	1.73%	2.37%	2.37%	2.75%	4.55%	4.00%	3.88%	3.90%	4.21%	5.54%	6.17%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $310,200K ÷ $9,518,500K
= 3.26%

To analyze Juniper Networks Inc's return on assets (ROA) over the past eight quarters, we observe a fluctuating trend in ROA percentages.

In Q4 2023, the ROA stands at 3.26%, representing a decrease from the previous quarter. This decline is part of a consecutive downward trend, with ROA dropping from 3.89% in Q3 2023, and further continuing the decrease seen in Q2 2023 and Q1 2023.

Comparing the current ROA of 3.26% to the same quarter in the previous year (Q4 2022) at 5.05%, we notice a significant decline in ROA year-over-year. Similarly, if we look at the trend over the past eight quarters, there has been a general decrease in ROA from Q1 2022 to Q4 2023.

This declining trend in ROA may suggest that Juniper Networks Inc's ability to generate profits from its assets has been weakening over the past year. Further analysis, including factors affecting profitability and asset utilization, would be necessary to understand the drivers behind this trend and to assess the company's financial performance comprehensively.