Sunrun Inc (RUN)
Total asset 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 |
| Total assets | US$ in thousands | 20,450,200 | 19,268,800 | 16,483,300 | 14,382,900 | 5,806,340 |
| Total asset turnover | 0.11 | 0.12 | 0.10 | 0.06 | 0.15 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,261,190K ÷ $20,450,200K
= 0.11
Sunrun Inc's total asset turnover has shown fluctuations in recent years. The ratio decreased from 0.15 in 2019 to 0.06 in 2020, indicating a significant decline in the efficiency of using its assets to generate revenue. However, there was an improvement in 2021 with a total asset turnover of 0.10, but it decreased slightly to 0.12 in 2022 and further to 0.11 in 2023.
A total asset turnover below 1 generally suggests that the company is not efficiently utilizing its assets to generate sales. Sunrun Inc's ratios over the years indicate that the company may have experienced challenges in effectively leveraging its assets to generate revenue. It is essential for the company to focus on improving its asset management efficiency to enhance its overall operational performance and profitability.
Peer comparison
Dec 31, 2023