Sunrun Inc (RUN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,037,720 | 2,259,810 | 2,321,420 | 1,609,950 | 922,191 |
| Property, plant and equipment | US$ in thousands | — | — | 10,988,400 | 9,459,700 | 8,264,970 |
| Fixed asset turnover | — | — | 0.21 | 0.17 | 0.11 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,037,720K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. In the case of Sunrun Inc, the fixed asset turnover has shown an increasing trend over the past few years.
As of December 31, 2020, the fixed asset turnover was 0.11, indicating that for every dollar invested in fixed assets, Sunrun generated $0.11 in revenue. By December 31, 2021, this ratio improved to 0.17, suggesting a more efficient utilization of fixed assets to generate revenue.
By December 31, 2022, the fixed asset turnover ratio further increased to 0.21, showing continued improvement in asset utilization. However, the data for December 31, 2023 and 2024 is unavailable (denoted by '—'), making it challenging to assess the ongoing trend.
Overall, the increasing fixed asset turnover ratio for Sunrun Inc reflects improvements in operational efficiency and suggests that the company is utilizing its fixed assets more effectively to generate sales.
Peer comparison
Dec 31, 2024