Green Brick Partners Inc (GRBK)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,229,528	1,239,409	1,234,069	1,276,963	1,234,768	1,257,626	1,234,005	1,150,587	1,040,817	889,570	846,501	752,609	741,417	732,583	689,327	653,614	622,578	589,298	540,003	513,019
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,229,528K ÷ $—K
= —

Green Brick Partners Inc's payables turnover has shown a consistent upward trend over the past few quarters, indicating that the company is effectively managing its accounts payable. The payables turnover ratio measures how efficiently a company is paying its suppliers. A higher turnover ratio suggests that the company is paying its suppliers more frequently, which can be a positive sign of strong liquidity and good supplier relationships.

Specifically, in Q4 2023, Green Brick Partners Inc's payables turnover ratio reached 22.63, the highest among the listed quarters. This indicates that the company is paying its suppliers approximately 22 times a year, which is higher compared to previous quarters. The increasing trend in payables turnover is generally a positive sign, as it suggests that the company is managing its payables more efficiently.

Overall, Green Brick Partners Inc's payables turnover ratio has been consistently strong, reflecting efficient management of its accounts payable and potentially favorable relationships with its suppliers.