Sunrun Inc (RUN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,604,500 | 173,377 | -79,423 | -173,394 | 26,335 |
| Total assets | US$ in thousands | 20,450,200 | 19,268,800 | 16,483,300 | 14,382,900 | 5,806,340 |
| ROA | -7.85% | 0.90% | -0.48% | -1.21% | 0.45% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-1,604,500K ÷ $20,450,200K
= -7.85%
Sunrun Inc's return on assets (ROA) has been fluctuating over the past five years. In 2023, the ROA decreased significantly to -7.85%, indicating that the company generated a negative return relative to its assets. This sharp decline from the positive ROA of 0.90% in 2022 suggests a potential deterioration in the company's asset efficiency and profitability.
The negative ROA in 2023 may raise concerns among investors and stakeholders about the company's ability to effectively utilize its assets to generate profits. It is essential for Sunrun Inc to closely monitor and evaluate its asset management strategies to improve ROA and drive sustainable financial performance in the future.
Peer comparison
Dec 31, 2023