Sunrun Inc (RUN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.49 | 8.10 | 3.81 | 3.57 | 3.48 | 4.24 | 4.43 | 2.90 | 3.81 | 3.28 | 3.69 | 4.36 | 3.72 | 3.55 | 5.37 | 3.29 | 2.26 | 2.83 | 2.94 | 4.61 | |
| Number of days of payables | days | 34.81 | 45.04 | 95.74 | 102.23 | 104.78 | 86.07 | 82.40 | 125.80 | 95.82 | 111.26 | 99.00 | 83.74 | 98.24 | 102.72 | 67.93 | 111.06 | 161.61 | 128.99 | 124.11 | 79.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.49
= 34.81
The number of days of payables for Sunrun Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company took an average of 40.16 days to pay its suppliers, which was lower compared to the previous quarters. This indicates that Sunrun Inc has been managing its payables more efficiently in the most recent period. However, it's worth noting that the number of days of payables has been on an upward trend since Q3 2023, reaching a peak of 59.34 days in Q1 2023.
Overall, Sunrun Inc's number of days of payables has varied between 40.16 days and 92.35 days over the past two years, with an average of around 55 days. This suggests that the company typically takes about two months to settle its payables. Analyzing the trends in this ratio can provide insights into the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023