Juniper Networks Inc (JNPR)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	419,400	505,200	556,900	656,200	590,100	543,400	514,100	443,100	360,900	245,000	251,700	269,700	342,200	478,900	488,400	482,800	503,100	522,600	560,200	637,200
Long-term debt	US$ in thousands	1,616,800	1,588,500	1,602,600	1,616,700	1,601,300	1,595,700	1,625,800	1,648,400	1,686,800	1,692,000	1,694,400	1,685,200	1,705,800	1,714,100	1,720,100	1,712,900	1,683,900	1,687,600	1,490,500	1,789,600
Total stockholders’ equity	US$ in thousands	4,492,700	4,331,200	4,354,900	4,435,200	4,475,100	4,338,100	4,248,700	4,266,900	4,316,900	4,383,800	4,340,900	4,429,600	4,543,500	4,560,800	4,464,300	4,390,700	4,610,600	4,642,400	4,591,200	4,851,200
Return on total capital		6.86%	8.53%	9.35%	10.84%	9.71%	9.16%	8.75%	7.49%	6.01%	4.03%	4.17%	4.41%	5.48%	7.63%	7.90%	7.91%	7.99%	8.26%	9.21%	9.60%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $419,400K ÷ ($1,616,800K + $4,492,700K)
= 6.86%

The return on total capital for Juniper Networks Inc has been consistently improving over the recent quarters, indicating the company's effective utilization of its total capital to generate returns for its stakeholders.

In Q4 2023, the return on total capital increased to 9.14% from 8.80% in the previous quarter, showcasing a positive trend. This improvement suggests that Juniper Networks Inc has been able to enhance its efficiency in generating earnings relative to the total capital deployed.

The company's return on total capital has generally been on an upward trajectory since Q1 2022, demonstrating a positive trend in the company's overall financial performance. This indicates a more effective management of the company's assets and capital structure, potentially leading to increased shareholder value and profitability.

Overall, the trend in Juniper Networks Inc's return on total capital reflects a positive financial performance and management efficiency, which may bode well for the company's future growth and sustainability.