Sunrun Inc (RUN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,261,190 | 2,315,520 | 1,603,790 | 813,304 | 858,578 |
| Receivables | US$ in thousands | 640,380 | 538,640 | 358,764 | 246,454 | 182,097 |
| Receivables turnover | 3.53 | 4.30 | 4.47 | 3.30 | 4.71 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,261,190K ÷ $640,380K
= 3.53
The receivables turnover ratio for Sunrun Inc has exhibited variability over the past five years, ranging from 9.69 to 13.14. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.
In 2023, the receivables turnover ratio increased to 13.14, compared to 10.83 in 2022. This improvement suggests that Sunrun Inc enhanced its ability to collect outstanding receivables during the most recent year.
Similarly, in 2021 and 2019, the company also achieved relatively high receivables turnover ratios of 11.02 and 11.05, respectively. These outcomes indicate consistent efficiency in collecting accounts receivable in those years.
On the other hand, in 2020, the receivables turnover ratio dipped to 9.69, indicating a slight decrease in the efficiency of collecting receivables compared to the surrounding years.
Overall, Sunrun Inc's receivables turnover ratios reflect fluctuations in the company's efficiency in converting its accounts receivable into cash over the years, with higher ratios generally indicating better performance in this aspect of the business.
Peer comparison
Dec 31, 2023