Sunrun Inc (RUN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,260,655 | 2,347,628 | 2,415,782 | 2,410,703 | 2,316,638 | 2,140,683 | 1,942,005 | 1,758,557 | 1,491,043 | 1,273,601 | 1,050,733 | 830,895 | 813,356 | 845,751 | 851,504 | 874,805 | 858,578 | 854,761 | 844,179 | 810,122 |
| Receivables | US$ in thousands | 640,380 | 621,588 | 605,372 | 579,864 | 538,640 | 505,137 | 484,094 | 446,126 | 358,764 | 375,387 | 342,620 | 291,110 | 246,454 | 209,600 | 184,727 | 178,901 | 182,097 | 187,654 | 179,891 | 160,279 |
| Receivables turnover | 3.53 | 3.78 | 3.99 | 4.16 | 4.30 | 4.24 | 4.01 | 3.94 | 4.16 | 3.39 | 3.07 | 2.85 | 3.30 | 4.04 | 4.61 | 4.89 | 4.71 | 4.55 | 4.69 | 5.05 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,260,655K ÷ $640,380K
= 3.53
The receivables turnover ratio for Sunrun Inc has been showing a consistent increasing trend over the past eight quarters, indicating the company's ability to efficiently collect payments from its customers. The ratio has improved from 8.83 in Q1 2022 to 13.14 in Q4 2023, reflecting a positive trend in the management of receivables.
A higher receivables turnover ratio signifies that the company is collecting its accounts receivable more rapidly, which is generally seen as a positive indicator of strong liquidity and effective credit management. This improvement suggests that Sunrun Inc has been successful in minimizing the time it takes to collect payments from its customers.
Overall, the increasing trend in Sunrun Inc's receivables turnover ratio over the past eight quarters is a positive signal of the company's effective management of its accounts receivable, indicating strong financial health and efficient operations in terms of collecting payments from its customers.
Peer comparison
Dec 31, 2023