Green Brick Partners Inc (GRBK)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,098,943	1,982,011	1,877,329	1,772,987	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
Total assets	US$ in thousands	2,249,990	2,172,070	2,064,400	1,976,570	1,904,710	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
Total asset turnover		0.93	0.91	0.91	0.90	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,098,943K ÷ $2,249,990K
= 0.93

The total asset turnover ratio of Green Brick Partners Inc has shown fluctuations over the years. The ratio calculates how efficiently the company generates revenue from its total assets. A higher ratio indicates efficient asset utilization.

From March 31, 2020, to June 30, 2020, the total asset turnover improved from 0.86 to 0.97, signaling better asset utilization. Subsequently, the ratio increased to 1.01 by September 30, 2020, indicating a further improvement in efficiency.

However, from December 31, 2020, to March 31, 2021, there was a decrease in the total asset turnover to 0.92, suggesting a potential decline in asset utilization efficiency. This trend continued as the ratio dropped to 0.88 by June 30, 2021.

There was a slight recovery by December 31, 2021, with the ratio reaching 0.99 before increasing to 1.02 by March 31, 2022, and further to 1.08 by June 30, 2022, indicating enhanced asset turnover and potentially more effective revenue generation from assets.

From September 30, 2022, to March 31, 2023, the ratio remained stable at around 1.06 but declined to 0.98 by June 30, 2023. This decline continued as the ratio dropped to 0.94 by September 30, 2023, and further to 0.93 by December 31, 2023.

There was a slight recovery to 0.90 by March 31, 2024, before slightly increasing to 0.91 by June 30, 2024 and September 30, 2024. The total asset turnover remained at 0.91 by December 31, 2024, indicating a consistent level of asset utilization efficiency.

Overall, fluctuations in the total asset turnover ratio of Green Brick Partners Inc suggest varying degrees of asset efficiency and revenue generation over the analyzed period.