Green Brick Partners Inc (GRBK)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,777,710 | 1,757,790 | 1,402,880 | 976,021 | 791,660 |
| Property, plant and equipment | US$ in thousands | 7,054 | 2,919 | 2,812 | 3,595 | 4,309 |
| Fixed asset turnover | 252.01 | 602.19 | 498.89 | 271.49 | 183.72 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,777,710K ÷ $7,054K
= 252.01
Green Brick Partners Inc's fixed asset turnover has shown a fluctuating trend over the past five years. The ratio peaked in 2022 at 602.19 and decreased significantly in 2023 to 252.01. This sharp decline indicates a potentially less effective utilization of fixed assets in generating sales revenue in 2023 compared to the previous year. Despite the decrease, the current ratio still remains relatively high compared to the ratios in 2020 and 2019, suggesting a historically efficient use of fixed assets in generating revenue. Further analysis and comparison with industry peers may provide insights into the company's asset management efficiency and competitive positioning.
Peer comparison
Dec 31, 2023