Sunrun Inc (RUN)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 5.25 | 3.98 | 3.08 | 5.36 | 5.73 | 4.66 | 3.66 | 2.59 | 2.46 | 2.69 | 2.72 | 2.77 | 3.01 | 4.81 | 4.56 | 2.23 | 3.90 | 17.09 | 7.04 | 3.75 |
The activity ratios of Sunrun Inc provide insights into how efficiently the company is managing its operational aspects.
1. Inventory Turnover: Sunrun's inventory turnover has fluctuated over the past few years, ranging from a low of 2.40 to a high of 5.36. Generally, a higher inventory turnover indicates that the company is selling its inventory quickly, which is positive for cash flow and working capital management.
2. Receivables Turnover: The data shows that Sunrun has not provided information on its receivables turnover, which makes it challenging to assess how quickly the company collects payments from its customers. This may indicate that Sunrun operates on a cash basis or has a different reporting practice.
3. Payables Turnover: Similar to receivables turnover, Sunrun has not disclosed its payables turnover data, making it difficult to evaluate how efficiently the company pays its suppliers.
4. Working Capital Turnover: Sunrun's working capital turnover has varied significantly, from a low of 2.23 to a high of 17.09. A higher working capital turnover ratio suggests that the company is effectively utilizing its working capital to generate sales. However, the fluctuation in this ratio over time may indicate changes in the company's efficiency in utilizing its working capital.
Overall, while the inventory turnover and working capital turnover ratios provide some insights into Sunrun's operational efficiency, the lack of information on receivables and payables turnover limits a comprehensive analysis of the company's activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 84.08 | 69.15 | 68.14 | 75.85 | 80.03 | 111.37 | 133.04 | 152.29 | 141.46 | 115.40 | 118.31 | 133.26 | 135.48 | 130.45 | 118.71 | 121.85 | 138.95 | 99.59 | 116.66 | 140.68 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Sunrun Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- Sunrun Inc's DOH has shown fluctuations over the years, ranging from as high as 152.29 days to as low as 68.14 days.
- Generally, a lower DOH indicates efficient inventory management, as products are sold faster and do not sit in inventory for extended periods.
2. Days of Sales Outstanding (DSO):
- Data for DSO is not available for Sunrun Inc across all the periods provided. As a result, it is not possible to analyze the average collection period for the company.
3. Number of Days of Payables:
- Similarly to DSO, data for the number of days of payables is not provided for Sunrun Inc, making it difficult to assess the company's payment practices and relationships with suppliers.
In conclusion, while the DOH ratio fluctuates for Sunrun Inc, a lack of data for DSO and payables makes it challenging to provide a comprehensive analysis of the company's overall activity ratios. It is crucial for the company to monitor and manage its inventory effectively to optimize working capital and cash flow.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 0.18 | 0.20 | 0.21 | 0.21 | 0.20 | 0.19 | 0.18 | 0.17 | 0.16 | 0.14 | 0.12 | 0.11 | 0.17 | 0.18 | 0.18 |
| Total asset turnover | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.07 | 0.06 | 0.13 | 0.14 | 0.15 |
The fixed asset turnover ratio for Sunrun Inc has been relatively stable over the years, ranging from 0.11 in December 2020 to 0.21 in March 2023. This indicates that the company generates between $0.11 and $0.21 in sales for every dollar invested in fixed assets during those periods.
In contrast, the total asset turnover ratio shows a declining trend, starting at 0.15 in March 2020 and decreasing to 0.10 in March 2024. This suggests that the company's efficiency in generating sales from all its assets has decreased over time.
Overall, Sunrun Inc's long-term activity ratios suggest that the company may need to focus on optimizing the utilization of total assets to improve its revenue generation efficiency.