Sunrun Inc (RUN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,037,720 | 2,259,810 | 2,321,420 | 1,609,950 | 922,191 |
| Total assets | US$ in thousands | 19,897,900 | 20,450,200 | 19,268,800 | 16,483,300 | 14,382,900 |
| Total asset turnover | 0.10 | 0.11 | 0.12 | 0.10 | 0.06 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,037,720K ÷ $19,897,900K
= 0.10
The total asset turnover ratio measures the efficiency with which a company utilizes its assets to generate revenue. In the case of Sunrun Inc, we observed an increasing trend in total asset turnover from 0.06 in December 31, 2020, to 0.10 in December 31, 2021, further increasing to 0.12 in December 31, 2022. However, the ratio declined slightly to 0.11 in December 31, 2023, and remained stable at 0.10 in December 31, 2024.
This analysis indicates that, overall, Sunrun Inc has improved its efficiency in generating revenue from its assets over the years, peaking in 2022. The company has been able to generate more revenue relative to its total assets, reflecting a positive trend in asset utilization efficiency. However, the slight decline in 2023 followed by a stable ratio in 2024 suggests that the company may need to focus on further optimizing its asset management to sustain its efficiency levels.
Peer comparison
Dec 31, 2024