GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunrun Inc (NAS:RUN) » Definitions » EBIT

Sunrun (Sunrun) EBIT

: $-2,043 Mil (TTM As of Dec. 2023)
View and export this data going back to 2015. Start your Free Trial

Sunrun's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-355 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,043 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sunrun's annualized ROC % for the quarter that ended in Dec. 2023 was -4.11%. Sunrun's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sunrun's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.97%.


Sunrun EBIT Historical Data

The historical data trend for Sunrun's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sunrun Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -224.99 -456.92 -643.56 -401.54 -2,042.54

Sunrun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -192.32 -252.69 -164.87 -1,269.80 -355.18

Competitive Comparison

For the Solar subindustry, Sunrun's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sunrun EV-to-EBIT Distribution

For the Semiconductors industry and Technology sector, Sunrun's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sunrun's EV-to-EBIT falls into.



Sunrun EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,043 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sunrun  (NAS:RUN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sunrun's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-790.124 * ( 1 - 0.3% )/( (18958.586 + 19413.995)/ 2 )
=-787.753628/19186.2905
=-4.11 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20027.115 - 563.279 - ( 643.787 - max(0, 1423.268 - 1928.518+643.787))
=18958.586

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20450.237 - 642.142 - ( 678.821 - max(0, 1488.159 - 1882.259+678.821))
=19413.995

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Sunrun's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1420.7/( ( (12755.695 + max(475.248, 0)) + (13269.645 + max(345.619, 0)) )/ 2 )
=-1420.7/( ( 13230.943 + 13615.264 )/ 2 )
=-1420.7/13423.1035
=-10.58 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(195.48 + 661.801 + 434.038) - (563.279 + 137.105 + 115.687)
=475.248

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(186.537 + 459.746 + 571.691) - (642.142 + 136.799 + 93.414)
=345.619

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sunrun's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-2042.543/12789.581
=-15.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sunrun EBIT Related Terms

Thank you for viewing the detailed overview of Sunrun's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunrun (Sunrun) Business Description

Traded in Other Exchanges
Address
225 Bush Street, Suite 1400, San Francisco, CA, USA, 94104
Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.
Executives
Danny Abajian officer: Chief Financial Officer C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Paul S. Dickson officer: Chief Revenue Officer C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Edward Harris Fenster director, officer: Chairman C/O SUNRUN INC., 595 MARKET STREET, 29TH FLOOR, SAN FRANCISCO CA 94105
Jeanna Steele officer: General Counsel C/O SUNRUN INC., 595 MARKET STREET, 29TH FLOOR, SAN FRANCISCO CA 94105
Lynn Michelle Jurich director, officer: Chief Executive Officer C/O SUNRUN INC., 595 MARKET STREET, 29TH FLOOR, SAN FRANCISCO CA 94105
Mary Powell director C/O SUNRUN INC., 595 MARKET STREET, 29TH FLOOR, SAN FRANCISCO CA 94105
Michelle Philpot officer: Chief Accounting Officer KANA SOFTWARE, INC., 181 CONSTITUTION DR., MENLO PARK CA 94025
Thomas Arthur Vonreichbauer officer: Chief Financial Officer C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Manjula Talreja director C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Christopher Dawson officer: Chief Operating Officer C/O SUNRUN INC., 595 MARKET STREET, 29TH FLOOR, SAN FRANCISCO CA 94105
Leslie A Dach director 702 S.W. 8TH STREET, BENTONVILLE AR 72716-0215
Sonita Lontoh director C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
David Bywater director, officer: CEO of Vivint Solar, Inc. 1850 WEST ASHTON BLVD, LEHI UT 84043
Gerald Alan Risk director C/O SUNRUN INC., SAN FRANCISCO CA 94105
Alan Ferber director