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Sunrun (Sunrun) Asset Turnover : 0.03 (As of Dec. 2023)


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What is Sunrun Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sunrun's Revenue for the three months ended in Dec. 2023 was $517 Mil. Sunrun's Total Assets for the quarter that ended in Dec. 2023 was $20,239 Mil. Therefore, Sunrun's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Sunrun's annualized ROE % for the quarter that ended in Dec. 2023 was -25.84%. It is also linked to ROA % through Du Pont Formula. Sunrun's annualized ROA % for the quarter that ended in Dec. 2023 was -6.92%.


Sunrun Asset Turnover Historical Data

The historical data trend for Sunrun's Asset Turnover 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 Asset Turnover Chart

Sunrun Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.09 0.10 0.13 0.11

Sunrun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial 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 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of Sunrun's Asset Turnover

For the Solar subindustry, Sunrun's Asset Turnover, along with its competitors' market caps and Asset Turnover 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's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunrun's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sunrun's Asset Turnover falls into.



Sunrun Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Sunrun's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=2259.813/( (19268.805+20450.237)/ 2 )
=2259.813/19859.521
=0.11

Sunrun's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=516.59/( (20027.115+20450.237)/ 2 )
=516.59/20238.676
=0.03

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Sunrun  (NAS:RUN) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Sunrun's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-1400.496/5420.668
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1400.496 / 2066.36)*(2066.36 / 20238.676)*(20238.676/ 5420.668)
=Net Margin %*Asset Turnover*Equity Multiplier
=-67.78 %*0.1021*3.7336
=ROA %*Equity Multiplier
=-6.92 %*3.7336
=-25.84 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Sunrun's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-1400.496/20238.676
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1400.496 / 2066.36)*(2066.36 / 20238.676)
=Net Margin %*Asset Turnover
=-67.78 %*0.1021
=-6.92 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Sunrun Asset Turnover Related Terms

Thank you for viewing the detailed overview of Sunrun's Asset Turnover 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