Sunrun Inc (RUN)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -1,978,646 | -1,970,305 | -759,070 | -708,436 | -662,192 | -680,970 | -682,650 | -669,112 | -666,187 | -714,651 | -638,916 | -580,616 | -465,108 | -257,103 | -255,257 | -234,586 | -215,740 | -173,967 | -137,170 | -109,341 |
| Long-term debt | US$ in thousands | 10,671,900 | 10,237,500 | 9,603,840 | 8,926,500 | 8,399,150 | 7,985,160 | 7,602,940 | 7,139,160 | 6,502,890 | 6,136,810 | 5,609,560 | 5,274,220 | 4,796,140 | 2,362,060 | 2,318,160 | 2,366,800 | 2,219,590 | 2,015,910 | 1,688,990 | 1,797,280 |
| 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 |
| Return on total capital | -12.44% | -12.43% | -4.69% | -4.60% | -4.38% | -4.66% | -4.89% | -4.99% | -5.22% | -5.78% | -5.43% | -5.08% | -4.28% | -7.57% | -7.96% | -7.24% | -6.78% | -5.91% | -5.27% | -4.02% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-1,978,646K ÷ ($10,671,900K + $5,230,230K)
= -12.44%
Based on the data provided for Sunrun Inc's return on total capital over various quarters, the trend indicates a downward trajectory from Q1 2022 to Q4 2023. The return on total capital has fluctuated within a range between -5.01% and -4.29% over this period. The negative values suggest that the company is not generating sufficient returns from its total invested capital. This declining trend may indicate inefficiencies in the company's capital allocation or operational performance. Further analysis and investigation into the factors affecting Sunrun Inc's return on total capital are recommended to identify potential areas for improvement and strategic decision-making.
Peer comparison
Dec 31, 2023