Sunrun Inc (RUN)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,260,655 | 2,347,628 | 2,415,782 | 2,410,703 | 2,316,638 | 2,140,683 | 1,942,005 | 1,758,557 | 1,491,043 | 1,273,601 | 1,050,733 | 830,895 | 813,356 | 845,751 | 851,504 | 874,805 | 858,578 | 854,761 | 844,179 | 810,122 |
| Property, plant and equipment | US$ in thousands | -12,879,700 | -12,400,600 | -11,826,700 | -11,293,800 | -10,920,900 | -10,509,900 | -10,117,000 | -9,712,100 | -9,402,810 | -9,065,790 | -8,708,210 | 58,168 | 62,182 | 44,567 | 47,839 | -4,591,050 | 56,708 | 56,804 | 50,419 | 35,281 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | — | — | — | 14.28 | 13.08 | 18.98 | 17.80 | — | 15.14 | 15.05 | 16.74 | 22.96 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,260,655K ÷ $-12,879,700K
= —
Sunrun Inc's fixed asset turnover ratio has shown a gradual increase over the past eight quarters, starting at 0.18 in Q1 2022 and reaching 0.21 in Q1 2023. This indicates that the company is generating more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio suggests that Sunrun is using its fixed assets more efficiently to generate sales. This trend is positive as it shows that the company is effectively utilizing its fixed assets to drive revenue growth. Overall, the increasing trend in fixed asset turnover reflects improved operational efficiency and could potentially lead to enhanced profitability for Sunrun Inc.
Peer comparison
Dec 31, 2023