Green Brick Partners Inc (GRBK)

Working capital 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 current assets US$ in thousands 179,756 223,453 209,595 177,271 76,588 48,203 66,765 66,083 78,696 21,561 33,517 28,688 19,479 40,269 43,162 105,860 33,269 35,123 34,383 23,873
Total current liabilities US$ in thousands 195,150 212,730 2,214 2,453 17,395 42,902 34,662 19,421 738 122,717 130,605 3,809 106,687 93,489 143,875 242,758 164,642 164,792 232,657 206,522
Working capital turnover — 163.99 8.43 10.39 29.70 335.59 53.37 33.48 18.00 — — 40.08 — — — — — — — —

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,777,710K ÷ ($179,756K – $195,150K)
= —

Working capital turnover measures how efficiently a company utilizes its working capital to generate revenue. A higher working capital turnover indicates better efficiency in using its current assets to support sales.

Looking at the data for Green Brick Partners Inc, we observe fluctuations in the working capital turnover over the past 8 quarters. In Q1 2023, the working capital turnover was 1.33, indicating that the company generated $1.33 in revenue for each dollar of working capital invested. This represents a decrease from the previous quarter where the ratio was 1.22 in Q2 2023.

The trend in working capital turnover for Green Brick Partners Inc shows some variability, with the ratio ranging from 1.16 to 1.42 over the past two years. However, it is worth noting that the company has generally maintained a working capital turnover above 1, which suggests efficient management of its working capital.

Overall, the analysis of Green Brick Partners Inc's working capital turnover indicates that the company has been effectively utilizing its current assets to support its sales operations. However, it is essential for the company to monitor and manage its working capital efficiently to sustain its operational efficiency and profitability in the long term.