Sunrun Inc (RUN)
Total asset 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 |
| Total assets | US$ in thousands | 20,450,200 | 20,027,100 | 20,490,600 | 19,728,300 | 19,268,800 | 18,568,100 | 17,800,600 | 17,255,100 | 16,483,300 | 16,089,700 | 15,428,800 | 14,886,000 | 14,382,900 | 6,306,830 | 6,005,040 | 5,938,510 | 5,806,340 | 5,472,020 | 5,207,380 | 4,939,680 |
| Total asset turnover | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.10 | 0.09 | 0.08 | 0.07 | 0.06 | 0.06 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,260,655K ÷ $20,450,200K
= 0.11
The total asset turnover ratio for Sunrun Inc has shown relatively stable performance over the past eight quarters, ranging from 0.10 to 0.12. This ratio indicates that for each dollar of total assets held by the company, Sunrun generates between $0.10 and $0.12 of sales revenue.
Despite minor fluctuations during this period, the overall trend suggests consistent efficiency in utilizing its assets to generate revenue. A total asset turnover ratio of around 0.11 to 0.12 signifies that Sunrun is effectively managing its assets to drive sales.
It is important to note that the interpretation of total asset turnover should be considered in conjunction with other financial metrics and qualitative factors to gain a comprehensive understanding of Sunrun's overall operational efficiency and financial performance.
Peer comparison
Dec 31, 2023