Green Brick Partners Inc (GRBK)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,098,940	1,777,710	1,757,790	1,402,880	976,021
Property, plant and equipment	US$ in thousands	—	—	6,377	2,812	3,595
Fixed asset turnover		—	—	275.65	498.89	271.49

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,098,940K ÷ $—K
= —

Green Brick Partners Inc's fixed asset turnover ratio has shown significant fluctuations over the years. In 2020, the fixed asset turnover was 271.49, indicating that the company generated $271.49 in sales for each dollar invested in fixed assets. This ratio substantially increased to 498.89 in 2021, suggesting a more efficient utilization of fixed assets to generate sales.

However, there was a noticeable decline in the fixed asset turnover to 275.65 in 2022. The absence of data for 2023 and 2024 makes it challenging to assess the trend further. It's essential to note that a high fixed asset turnover ratio generally indicates an effective use of fixed assets to generate sales, while a low ratio may suggest inefficiencies or underutilization of assets.

In conclusion, the fluctuating trend in Green Brick Partners Inc's fixed asset turnover ratio highlights the importance of monitoring asset management efficiency to ensure optimal utilization of resources for generating revenue. Further analysis, particularly for the missing years, would provide a more comprehensive understanding of the company's performance in this aspect.