Sunrun Inc (RUN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,978,640 | -662,192 | -666,187 | -465,108 | -215,740 |
| Total assets | US$ in thousands | 20,450,200 | 19,268,800 | 16,483,300 | 14,382,900 | 5,806,340 |
| Operating ROA | -9.68% | -3.44% | -4.04% | -3.23% | -3.72% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-1,978,640K ÷ $20,450,200K
= -9.68%
Sunrun Inc's operating return on assets (operating ROA) has fluctuated over the past five years, ranging from -4.04% in 2021 to -3.23% in 2020. In 2023, the operating ROA further decreased to -4.01%. This indicates that the company's operating income generated from its assets has not been favorable in recent years. The negative values suggest that Sunrun Inc is struggling to efficiently generate earnings from its operations relative to the size of its asset base. Further analysis of the company's operational efficiency and asset utilization may be warranted to improve its financial performance.
Peer comparison
Dec 31, 2023