Sunrun Inc (RUN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -3,697,308 | -638,579 | -1,858,281 | -1,934,074 | -1,978,646 | -1,970,305 | -661,117 | -558,610 | -398,408 | -417,186 | -516,819 | -555,154 | -666,187 | -714,651 | -638,916 | -580,616 | -465,108 | -257,103 | -255,257 | -234,586 |
| Total assets | US$ in thousands | 19,897,900 | 22,104,300 | 21,443,400 | 20,834,300 | 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 |
| Operating ROA | -18.58% | -2.89% | -8.67% | -9.28% | -9.68% | -9.84% | -3.23% | -2.83% | -2.07% | -2.25% | -2.90% | -3.22% | -4.04% | -4.44% | -4.14% | -3.90% | -3.23% | -4.08% | -4.25% | -3.95% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-3,697,308K ÷ $19,897,900K
= -18.58%
Sunrun Inc's operating return on assets (operating ROA) has shown a declining trend over the analyzed period, starting at a negative 3.95% on March 31, 2020, and reaching a low of negative 18.58% on December 31, 2024. The negative values indicate that the company's operating income generated from its assets is not sufficient to cover the asset base.
The significant decrease in operating ROA from September 30, 2023 to December 31, 2023, dropping from -2.83% to -9.84%, highlights a notable decline in operating efficiency during this period. This trend continued into the following quarters, with operating ROA remaining at low levels.
It is important for investors and stakeholders to closely monitor Sunrun Inc's operating ROA to assess the company's ability to efficiently utilize its assets to generate profits. The downward trajectory of the operating ROA raises concerns about the company's operational effectiveness and may suggest the need for strategic adjustments to improve profitability.
Peer comparison
Dec 31, 2024