Green Brick Partners Inc (GRBK)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,777,710 | 1,757,790 | 1,402,880 | 976,021 | 791,660 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,777,710K ÷ $—K
= —
The receivables turnover ratio measures how efficiently Green Brick Partners Inc is able to collect payments from its customers. A higher ratio indicates quicker collection of receivables, which is generally favorable.
Based on the data provided, the receivables turnover ratio has fluctuated over the past five years:
- In 2023, the ratio was 167.20, showing a decrease from the previous year. This might suggest a slowdown in the collection of receivables compared to 2022.
- In 2022, the ratio was notably high at 332.41, indicating a significant improvement in the collection process compared to 2021.
- In 2021, the ratio was 204.17, also showing efficiency in collecting payments from customers.
- In 2020, the ratio was 186.83, slightly lower compared to 2021 but still at a favorable level.
- In 2019, the ratio stood at 167.72, showing consistency in the collection of receivables over the years.
Overall, Green Brick Partners Inc has demonstrated good efficiency in collecting receivables, with fluctuations observed in some years. It would be important to analyze the reasons behind the variations to ensure consistent and optimal cash flow management.
Peer comparison
Dec 31, 2023