Sunrun Inc (RUN)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,419,226 | 2,402,430 | 1,253,562 | 1,235,225 | 1,181,515 | 1,166,383 | 1,148,205 | 1,117,848 | 1,097,429 | 1,138,590 | 1,024,103 | 925,048 | 770,715 | 539,414 | 536,755 | 525,148 | 504,460 | 480,751 | 450,572 | 488,562 |
| Inventory | US$ in thousands | 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 | 260,571 | 109,777 | 89,829 | 76,184 |
| Inventory turnover | 5.26 | 3.63 | 1.58 | 1.39 | 1.51 | 1.98 | 2.10 | 2.01 | 2.17 | 2.56 | 3.00 | 3.19 | 2.72 | 3.03 | 2.55 | 2.04 | 1.94 | 4.38 | 5.02 | 6.41 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,419,226K ÷ $459,746K
= 5.26
Sunrun Inc's inventory turnover has shown fluctuations over the past eight quarters. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating the number of times inventory is sold and replaced during a specific period.
In Q4 2023, Sunrun Inc achieved an inventory turnover of 4.56, indicating that the company sold and replaced its inventory approximately 4.56 times during that quarter. This represents an improvement compared to the previous quarter, where the ratio was 3.28. The increasing trend in Q4 2023 suggests that Sunrun Inc is managing its inventory more efficiently.
Looking back over the past year, there have been fluctuations in Sunrun Inc's inventory turnover. Q1 and Q2 of 2023 saw a decrease in the inventory turnover ratio compared to the prior quarters, indicating a potential slowdown in inventory management efficiency during those periods. However, the ratio picked up in Q3 and further accelerated in Q4 2023.
Overall, Sunrun Inc's inventory turnover has shown variability over the analyzed periods, with some quarters demonstrating improved inventory management efficiency while others showed a slowdown. Monitoring this ratio over time can provide insights into the company's operational efficiency and inventory management practices.
Peer comparison
Dec 31, 2023
Dec 31, 2023