Sunrun Inc (RUN)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,604,498 | -1,191,353 | 88,667 | 20,767 | 173,377 | 71,837 | -114,594 | -143,412 | -79,423 | -210,224 | -196,906 | -169,224 | -173,394 | 8,426 | -31 | 12,238 | 26,335 | 7,947 | -23,939 | -15,237 |
| Total stockholders’ equity | US$ in thousands | 5,230,230 | 5,611,110 | 6,597,450 | 6,467,760 | 6,708,120 | 6,618,500 | 6,346,680 | 6,264,340 | 6,254,740 | 6,223,110 | 6,156,460 | 6,165,560 | 6,077,910 | 1,033,540 | 888,167 | 872,473 | 964,731 | 926,829 | 915,545 | 924,540 |
| ROE | -30.68% | -21.23% | 1.34% | 0.32% | 2.58% | 1.09% | -1.81% | -2.29% | -1.27% | -3.38% | -3.20% | -2.74% | -2.85% | 0.82% | -0.00% | 1.40% | 2.73% | 0.86% | -2.61% | -1.65% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,604,498K ÷ $5,230,230K
= -30.68%
Based on the data provided, Sunrun Inc's return on equity (ROE) has shown variability over the past eight quarters. The ROE ranged from a low of -30.68% in Q4 2023 to a positive but relatively low level of 2.58% in Q4 2022. Generally, a negative ROE indicates that the company's net income is insufficient to cover the shareholder's equity, which could suggest operational inefficiencies or financial challenges.
The trend shows a decline in ROE from positive levels in Q1 and Q2 2023 to negative levels in Q3 and Q4 2023, with the company experiencing deteriorating performance in terms of generating returns for shareholders. The negative ROE in the most recent quarters could have implications for investor confidence and overall financial health of the company.
It is important for Sunrun Inc to assess the factors contributing to the decline in ROE, such as profitability, asset utilization, or leverage, and take appropriate measures to improve its financial performance and return to generating positive ROE in the future quarters.
Peer comparison
Dec 31, 2023