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.