Sunrun Inc (RUN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.53 | 4.30 | 4.47 | 3.30 | 4.71 | |
| DSO | days | 103.37 | 84.91 | 81.65 | 110.61 | 77.41 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.53
= 103.37
Sunrun Inc's Days of Sales Outstanding (DSO) have exhibited fluctuations over the past five years. In 2023, the DSO decreased to 27.78 days from 33.69 days in 2022, indicating a more efficient collection of accounts receivable. This improvement suggests that the company is managing its receivables better, potentially resulting in a shorter cash conversion cycle and improved liquidity. However, it is important to monitor this trend to ensure that the company maintains strong credit control and continues to optimize its working capital management.
Peer comparison
Dec 31, 2023