Green Brick Partners Inc (GRBK)

Total asset 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
Total assets US$ in thousands 1,902,830 1,866,650 1,776,570 1,706,460 1,655,680 1,657,740 1,588,270 1,528,660 1,421,870 1,347,320 1,287,140 1,079,920 988,847 944,582 910,248 975,180 875,539 865,789 832,961 793,020
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,777,710K ÷ $1,902,830K
= 0.93

The total asset turnover of Green Brick Partners Inc has shown a declining trend over the past eight quarters, decreasing from 1.08 in Q2 2022 to 0.93 in Q4 2023. This indicates that the company is generating less revenue for each dollar invested in assets. The fluctuations in total asset turnover suggest varying efficiency in utilizing its assets to generate sales. It is essential for the company to closely monitor and improve this ratio to effectively leverage its assets for revenue generation and maximize profitability.