Sunrun Inc (RUN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.49 | 4.09 | 4.41 | 4.16 | 2.63 | |
| Number of days of payables | days | 31.76 | 89.34 | 82.79 | 87.84 | 138.81 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.49
= 31.76
Sunrun Inc's number of days of payables has exhibited a decreasing trend over the past five years. As of December 31, 2023, the company took approximately 40.16 days to pay its suppliers and vendors, which is significantly lower compared to the previous years. This decrease indicates that Sunrun Inc has been managing its payables more efficiently, potentially negotiating better payment terms or streamlining its payables processes. A decreasing number of days of payables typically suggests improved liquidity and better cash flow management. It is important to closely monitor this ratio to ensure that the company maintains a balance between extending payment terms and preserving good relationships with its suppliers.
Peer comparison
Dec 31, 2023