Sunrun Inc (RUN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.77 | 1.77 | 2.51 | 3.05 | 2.25 | |
| DOH | days | 63.29 | 206.49 | 145.63 | 119.85 | 161.93 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.77
= 63.29
Sunrun Inc's days of inventory on hand (DOH) has shown a decreasing trend over the past five years, indicating improved efficiency in managing inventory. The DOH decreased from 147.27 days in 2019 to 80.03 days in 2023. This signifies that the company has been able to turn over its inventory more quickly in recent years. A lower DOH suggests that inventory is being sold or used up more rapidly, which can lead to reduced carrying costs and potentially higher profitability. Overall, the decreasing trend in DOH reflects positive management of inventory levels by Sunrun Inc.
Peer comparison
Dec 31, 2023