Green Brick Partners Inc (GRBK)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.80	0.87	0.86	0.88	0.83
DOH	days	455.15	420.55	422.13	415.81	441.80

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.80
= 455.15

Days of Inventory on Hand (DOH) measures how many days it takes for a company to sell its inventory. A lower DOH indicates that inventory is being managed efficiently, while a higher DOH suggests slower inventory turnover.

Analyzing Green Brick Partners Inc's DOH over the past five years, we can see some fluctuations in the metric:

- In 2023, the DOH increased to 455.15 days from 420.55 days in 2022, indicating a longer time taken to sell inventory compared to the previous year.
- In 2022, the DOH was 420.55 days, showing a slight increase from 422.13 days in 2021.
- In 2021, the DOH was 422.13 days, slightly lower than the 415.81 days in 2020.
- In 2020, the DOH was 415.81 days, which was a decrease from 441.80 days in 2019.

The trend shows some variability in Green Brick Partners Inc's inventory management over the years. The increase in DOH from 2022 to 2023 suggests a potential inefficiency in managing inventory levels. Further investigation into the reasons behind this increase could provide insights into the company's operations and financial performance.