Green Brick Partners Inc (GRBK)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	2,098,943	1,982,011	1,877,329	1,772,987	1,777,710	1,758,417	1,747,383	1,816,238	1,757,793	1,778,955	1,713,351	1,562,013	1,402,876	1,204,725	1,138,206	997,233	976,021	952,043	885,626	836,299
Property, plant and equipment	US$ in thousands	—	—	—	—	—	13,279	4,375	3,913	6,377	2,894	2,761	2,617	2,812	3,172	8,240	3,506	3,595	3,620	3,994	4,743
Fixed asset turnover		—	—	—	—	—	132.42	399.40	464.15	275.65	614.70	620.55	596.87	498.89	379.80	138.13	284.44	271.49	263.00	221.74	176.32

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,098,943K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating sales from its investment in fixed assets. Green Brick Partners Inc's fixed asset turnover has varied significantly over the years based on the provided data.

The trend shows an increasing pattern from March 2020 to June 2022, indicating that the company was effectively utilizing its fixed assets to generate revenue during this period. The peak was reached in June 2022 at 620.55 times. This suggests that for every dollar invested in fixed assets, Green Brick Partners Inc was generating $620.55 in sales.

However, there was a sharp decline in the fixed asset turnover ratio from September 2022 onwards up to December 2023, reaching its lowest point in September 2023 at 132.42 times. This could indicate a potential decrease in the company's ability to efficiently generate sales from its fixed assets during this period.

The fixed asset turnover ratio data for the latter part of 2023 and all of 2024 is not available, as it is marked as "—" indicating missing data.

In conclusion, it is crucial for Green Brick Partners Inc to closely monitor and manage its fixed asset turnover ratio to ensure optimal utilization of its fixed assets to generate revenue efficiently.