Sunrun Inc (RUN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,709,160 | 2,096,750 | 2,022,710 | 1,365,470 | 743,526 |
| Inventory | US$ in thousands | 402,083 | 459,746 | 783,904 | 506,819 | 283,045 |
| Inventory turnover | 4.25 | 4.56 | 2.58 | 2.69 | 2.63 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,709,160K ÷ $402,083K
= 4.25
Sunrun Inc's inventory turnover has shown fluctuations over the years based on the provided data. In December 2020, the inventory turnover ratio was 2.63, indicating that the company's inventory was sold and replaced approximately 2.63 times during that year. The ratio slightly increased to 2.69 in December 2021, suggesting a slightly more efficient management of inventory.
However, there was a decrease in the inventory turnover to 2.58 in December 2022 before experiencing a significant increase to 4.56 in December 2023. This jump in the ratio implies that Sunrun Inc was more effective in selling and replacing its inventory during that period.
Subsequently, there was a slight decline in the inventory turnover to 4.25 in December 2024. Overall, the trend indicates some variability in how efficiently Sunrun Inc is managing its inventory, with the company showing improvements in certain years and slight regressions in others. Further analysis and comparison with industry benchmarks would be beneficial to assess the company's inventory management performance comprehensively.
Peer comparison
Dec 31, 2024