Green Brick Partners Inc (GRBK)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.80 | 0.85 | 0.88 | 0.93 | 0.87 | 0.87 | 0.90 | 0.87 | 0.86 | 0.76 | 0.77 | 0.82 | 0.88 | 0.94 | 0.92 | 0.85 | 0.83 | 0.80 | 0.75 | 0.74 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | 163.99 | 8.43 | 10.39 | 29.70 | 335.59 | 53.37 | 33.48 | 18.00 | — | — | 40.08 | — | — | — | — | — | — | — | — |
Inventory turnover:
- Green Brick Partners Inc's inventory turnover has been relatively stable over the past eight quarters, ranging from 0.80 to 0.93. This indicates that the company is selling and replacing its inventory less frequently compared to its competitors. A lower inventory turnover may suggest inefficiencies in inventory management or slowing sales.
Receivables turnover:
- The receivables turnover for Green Brick Partners Inc has shown significant fluctuation over the quarters, ranging from 167.20 to 332.41. The higher turnover ratios imply that the company is efficient in collecting outstanding receivables from its customers. However, the wide fluctuations may require closer monitoring to ensure the sustainability of the collection process.
Payables turnover:
- Payables turnover for Green Brick Partners Inc has remained relatively stable over the quarters, ranging from 20.22 to 24.16. A higher payables turnover indicates that the company is managing its trade credit effectively by paying off its suppliers quickly. However, excessively high turnover ratios may signal potential liquidity challenges or strained supplier relationships.
Working capital turnover:
- The working capital turnover for Green Brick Partners Inc has also remained quite consistent over the quarters, ranging from 1.16 to 1.42. This ratio indicates how efficiently the firm is utilizing its working capital to generate sales. A higher turnover ratio suggests better utilization of resources, while a declining trend may indicate inefficiencies in managing working capital.
In summary, Green Brick Partners Inc's activity ratios reflect varying degrees of efficiency in managing its inventory, receivables, payables, and working capital. By analyzing these ratios over time, stakeholders can gain insights into the company's operational performance and potential areas of improvement.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 455.15 | 430.63 | 415.38 | 392.45 | 420.55 | 421.72 | 404.99 | 421.13 | 422.13 | 480.19 | 476.95 | 446.61 | 415.81 | 388.31 | 397.72 | 430.34 | 441.80 | 458.84 | 486.58 | 491.50 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Days of inventory on hand (DOH) measures how many days, on average, it takes for the company to sell its inventory. A higher DOH indicates slower inventory turnover. Green Brick Partners Inc's DOH has been gradually increasing over the past 8 quarters from 392.45 days in Q1 2023 to 455.15 days in Q4 2023. This may suggest that the company is facing challenges in managing its inventory efficiently.
Days of sales outstanding (DSO) measures the average number of days it takes for the company to collect its accounts receivable. A lower DSO is favorable as it indicates faster cash collection. Green Brick Partners Inc's DSO has been relatively stable over the past quarters, ranging from 1.10 days in Q4 2022 to 2.18 days in Q4 2023. This suggests that the company has been effective in collecting its receivables promptly.
Number of days of payables measures how long it takes the company to pay its suppliers. A higher number of days of payables indicates that the company is taking longer to pay its bills. Green Brick Partners Inc's number of days of payables has fluctuated over the quarters, ranging from 15.11 days in Q1 2023 to 18.05 days in Q1 2022. This indicates some variability in the company's payment practices.
Overall, Green Brick Partners Inc's activity ratios show that while the company has been effective in collecting its receivables promptly, it may need to focus on improving its inventory management efficiency and maintaining consistency in its payment practices to optimize its working capital and overall operational performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 252.01 | 325.51 | 399.40 | 464.15 | 602.19 | 614.70 | 620.55 | 596.87 | 498.89 | 379.80 | 306.63 | 284.44 | 271.49 | 263.00 | 221.74 | 176.32 | 183.72 | 178.11 | 161.77 | 148.55 |
| Total asset turnover | 0.93 | 0.94 | 0.98 | 1.06 | 1.06 | 1.07 | 1.08 | 1.02 | 0.99 | 0.89 | 0.88 | 0.92 | 0.99 | 1.01 | 0.97 | 0.86 | 0.90 | 0.86 | 0.83 | 0.84 |
The fixed asset turnover ratio for Green Brick Partners Inc has shown a decreasing trend over the quarters, from 602.19 in Q4 2022 to 252.01 in Q4 2023. This indicates that the company is generating less revenue from its fixed assets in recent quarters. On the other hand, the total asset turnover ratio has also been declining, from 1.06 in Q4 2022 to 0.93 in Q4 2023. This suggests that the company is not generating as much revenue from its total assets in the most recent quarter compared to the same quarter last year. Overall, the declining trend in both the fixed asset turnover and total asset turnover ratios may indicate inefficiencies in asset utilization and could be a cause for concern regarding the company's operational performance and profitability.