Green Brick Partners Inc (GRBK)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,229,530 | 1,234,770 | 1,040,820 | 741,417 | 622,578 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,229,530K ÷ $—K
= —
The payables turnover ratio for Green Brick Partners Inc has shown a fluctuating trend over the past five years. In 2023, the payables turnover ratio decreased slightly to 22.63 from 23.84 in 2022. This indicates that the company took 22.63 days to pay off its accounts payable on average in 2023. Despite the slight decrease, the ratio remains relatively stable, reflecting the company's consistent approach to managing its payables.
Comparing the 2023 ratio to historical data, Green Brick Partners Inc's payables turnover ratio in 2023 is lower than in 2020 and 2021 but higher than in 2019. The significant increase in 2020 to a high of 30.24 suggests that the company was able to pay off its accounts payable more efficiently during that year. However, the subsequent decline in 2021 and 2022 indicates a potential slowdown in payables management.
Overall, while the payables turnover ratio for Green Brick Partners Inc has fluctuated in recent years, it remains at a level that suggests the company is effectively managing its accounts payable. Further analysis of the company's payment policies and cash flow management may provide additional insights into its financial health and operational efficiency.
Peer comparison
Dec 31, 2023