Sunrun Inc (RUN)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,745,565 | 1,807,160 | 1,891,482 | 1,982,522 | 2,096,752 | 2,168,891 | 2,172,196 | 2,128,004 | 2,022,710 | 1,863,174 | 1,688,848 | 1,522,742 | 1,365,472 | 1,243,735 | 1,049,769 | 868,010 | 743,526 | 652,277 | 658,638 | 668,412 |
| Inventory | US$ in thousands | 402,083 | 342,348 | 353,125 | 411,993 | 459,746 | 661,801 | 791,740 | 887,890 | 783,904 | 589,094 | 547,419 | 555,946 | 506,819 | 444,519 | 341,423 | 289,772 | 283,045 | 177,967 | 210,507 | 257,614 |
| Inventory turnover | 4.34 | 5.28 | 5.36 | 4.81 | 4.56 | 3.28 | 2.74 | 2.40 | 2.58 | 3.16 | 3.09 | 2.74 | 2.69 | 2.80 | 3.07 | 3.00 | 2.63 | 3.67 | 3.13 | 2.59 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,745,565K ÷ $402,083K
= 4.34
The inventory turnover ratio for Sunrun Inc has fluctuated over the period from March 31, 2020 to December 31, 2024. The ratio indicates how many times the company's inventory was sold and replaced during a specific period.
Based on the data provided:
- The inventory turnover ratio increased steadily from 2.59 on March 31, 2020, to a peak of 5.36 on June 30, 2024.
- The highest inventory turnover was recorded on June 30, 2024, while the lowest was on March 31, 2023, at 2.40.
- There seems to be a cyclical pattern in the inventory turnover ratio, with peaks typically occurring in the middle of the year.
Overall, the increasing trend in the inventory turnover ratio suggests that Sunrun Inc has been managing its inventory efficiently and effectively converting it into sales. However, fluctuations in the ratio may also indicate changes in demand, production, or inventory management practices within the company. Further analysis of the factors influencing these fluctuations would provide deeper insights into Sunrun Inc's inventory management strategies.
Peer comparison
Dec 31, 2024
Dec 31, 2024