Green Brick Partners Inc (GRBK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,098,940 | 1,777,710 | 1,757,790 | 1,402,880 | 976,021 |
| Total assets | US$ in thousands | 2,249,990 | 1,904,710 | 1,655,680 | 1,421,870 | 988,847 |
| Total asset turnover | 0.93 | 0.93 | 1.06 | 0.99 | 0.99 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,098,940K ÷ $2,249,990K
= 0.93
The total asset turnover ratio for Green Brick Partners Inc has shown some fluctuation over the past five years. In 2020 and 2021, the ratio remained consistent at 0.99, indicating that the company generated $0.99 in revenue for every dollar of assets invested.
However, there was a slight increase in 2022 to 1.06, suggesting that the company became more efficient in utilizing its assets to generate revenue. This could be attributed to improving operational efficiency or a strategic shift in asset utilization.
Subsequently, in 2023 and 2024, the total asset turnover ratio decreased to 0.93. This decline may indicate a decrease in revenue generated per dollar of assets, potentially pointing towards underperformance or inefficiencies in asset management during those years.
Overall, while the trend in total asset turnover fluctuated, it is essential for Green Brick Partners Inc to monitor and address any factors impacting this ratio to ensure optimal asset utilization and sustainable revenue generation in the future.
Peer comparison
Dec 31, 2024