Green Brick Partners Inc (GRBK)
Total asset 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 |
| Total assets | US$ in thousands | 1,902,830 | 1,655,680 | 1,421,870 | 988,847 | 875,539 |
| Total asset turnover | 0.93 | 1.06 | 0.99 | 0.99 | 0.90 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,777,710K ÷ $1,902,830K
= 0.93
The total asset turnover ratio measures how efficiently a company is utilizing its total assets to generate revenue. A higher ratio indicates better asset utilization efficiency.
Based on the provided data for Green Brick Partners Inc, the total asset turnover ratios over the past five years are as follows:
- Dec 31, 2023: 0.93
- Dec 31, 2022: 1.06
- Dec 31, 2021: 0.99
- Dec 31, 2020: 0.99
- Dec 31, 2019: 0.90
The trend analysis indicates fluctuations in the total asset turnover ratio over the period, with values mostly around 1. A ratio less than 1 suggests that the company is not efficiently using its assets to generate sales revenue.
Comparing the ratios to industry benchmarks or competitors would provide better context for understanding Green Brick Partners Inc's asset utilization efficiency. Further analysis of the company's operational strategies and business model could help identify underlying factors influencing the fluctuations in the total asset turnover ratio over the years.
Peer comparison
Dec 31, 2023