Green Brick Partners Inc (GRBK)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,777,710 | 1,758,417 | 1,747,383 | 1,816,238 | 1,757,793 | 1,778,955 | 1,713,351 | 1,562,013 | 1,402,876 | 1,204,725 | 1,138,206 | 997,233 | 976,021 | 952,043 | 885,626 | 836,299 | 791,660 | 746,658 | 689,306 | 663,112 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,777,710K ÷ $—K
= —
To analyze Green Brick Partners Inc's receivables turnover, we calculated the receivables turnover ratio for each quarter provided. The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
Green Brick Partners Inc's receivables turnover has shown fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 167.20, slightly lower than the previous quarter. However, it is important to note that the ratio remains above 100, indicating that the company is turning over its receivables more than once a year. This may suggest efficient collection practices.
Comparing Q4 2023 with the same quarter in the previous year (Q4 2022), there has been a noticeable decrease in the receivables turnover ratio, from 332.41 to 167.20. This substantial decline might indicate a change in the company's credit policies or collection efficiency.
Overall, Green Brick Partners Inc's receivables turnover has shown variability, with some quarters performing better than others. It is essential for the company to monitor this ratio closely to ensure timely collection of receivables and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023