Green Brick Partners Inc (GRBK)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,395,420 | 1,229,530 | 1,234,770 | 1,040,820 | 741,417 |
| Inventory | US$ in thousands | 1,937,730 | 1,533,220 | 1,422,680 | 1,203,740 | 844,635 |
| Inventory turnover | 0.72 | 0.80 | 0.87 | 0.86 | 0.88 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,395,420K ÷ $1,937,730K
= 0.72
The inventory turnover ratio for Green Brick Partners Inc ranged from 0.72 to 0.88 over the period from December 31, 2020, to December 31, 2024. The decreasing trend in the ratio indicates that the company's ability to sell its inventory and replenish quickly has been declining. A lower inventory turnover ratio may suggest inefficiencies in managing inventory levels or potential issues with demand for the company's products. It would be prudent for Green Brick Partners Inc to assess its inventory management practices and strategies to improve this ratio and optimize its operations.
Peer comparison
Dec 31, 2024