Green Brick Partners Inc (GRBK)
Working capital 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 current assets | US$ in thousands | 2,111,290 | 1,743,310 | 1,521,240 | 1,304,170 | 883,494 |
Total current liabilities | US$ in thousands | 59,746 | 195,150 | 189,592 | 170,905 | 67,062 |
Working capital turnover | 1.02 | 1.15 | 1.32 | 1.24 | 1.20 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,098,940K ÷ ($2,111,290K – $59,746K)
= 1.02
The working capital turnover of Green Brick Partners Inc has shown fluctuations over the past five years. The turnover ratio was 1.20 in December 31, 2020, which increased to 1.24 by December 31, 2021. Subsequently, it further improved to 1.32 by December 31, 2022, indicating efficient utilization of working capital during that period. However, there was a decline in the turnover ratio to 1.15 by December 31, 2023, possibly suggesting a slowing down in the efficiency of working capital management. The ratio decreased even further to 1.02 by December 31, 2024, which might indicate challenges in effectively converting working capital into revenue. Overall, the trend in Green Brick Partners Inc's working capital turnover reflects some fluctuations, and it would be important to further investigate the underlying reasons for these changes in order to ensure optimal utilization of working capital in the future.
Peer comparison
Dec 31, 2024