Sunrun Inc (RUN)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,037,719 | 2,035,817 | 2,061,825 | 2,128,152 | 2,259,813 | 2,352,375 | 2,421,100 | 2,415,487 | 2,321,422 | 2,147,499 | 1,954,358 | 1,770,944 | 1,609,954 | 1,495,131 | 1,266,126 | 1,046,254 | 922,191 | 845,722 | 851,504 | 874,805 |
| Total current assets | US$ in thousands | 1,722,640 | 1,602,460 | 1,676,150 | 1,670,610 | 1,882,260 | 1,928,520 | 2,083,080 | 2,084,270 | 2,097,640 | 1,880,030 | 1,710,370 | 1,709,350 | 1,547,720 | 1,594,660 | 1,396,650 | 1,268,650 | 1,137,730 | 645,739 | 638,240 | 707,816 |
| Total current liabilities | US$ in thousands | 1,334,480 | 1,091,510 | 1,007,740 | 1,273,820 | 1,488,160 | 1,423,270 | 1,421,680 | 1,150,020 | 1,155,450 | 1,082,500 | 990,998 | 1,069,910 | 1,012,120 | 1,283,630 | 1,119,110 | 798,835 | 901,356 | 596,240 | 517,299 | 474,757 |
| Working capital turnover | 5.25 | 3.98 | 3.08 | 5.36 | 5.73 | 4.66 | 3.66 | 2.59 | 2.46 | 2.69 | 2.72 | 2.77 | 3.01 | 4.81 | 4.56 | 2.23 | 3.90 | 17.09 | 7.04 | 3.75 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,037,719K ÷ ($1,722,640K – $1,334,480K)
= 5.25
Sunrun Inc's working capital turnover has shown considerable fluctuations over the period from March 31, 2020, to December 31, 2024. The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate sales revenue. A higher ratio indicates better efficiency in managing working capital.
According to the provided data, Sunrun Inc's working capital turnover increased significantly from 3.75 on March 31, 2020, to a peak of 17.09 on September 30, 2020. This surge suggests that the company was generating a high level of sales revenue relative to its working capital during that period. However, the ratio declined sharply in the subsequent quarters, dropping to 2.23 on March 31, 2021. This indicates a decrease in the efficiency of working capital utilization.
Throughout the following quarters, the working capital turnover ratio varied, ranging from 2.23 to 5.73 on December 31, 2023. Sunrun Inc experienced fluctuations in its working capital efficiency, with both increases and decreases in the ratio. Notably, the ratio peaked again at 5.73 on December 31, 2023, showing a significant improvement in working capital management compared to the earlier periods.
In the most recent data available, the working capital turnover ratio for Sunrun Inc stood at 5.25 on December 31, 2024. This indicates that the company was efficiently utilizing its working capital to generate sales revenue at the end of the period under review. Overall, Sunrun Inc's working capital turnover ratio exhibited volatility but showed periods of both strong and weaker efficiency in working capital utilization.
Peer comparison
Dec 31, 2024