Green Brick Partners Inc (GRBK)

Working capital 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 current assets US$ in thousands 2,111,290 2,034,020 1,964,940 1,909,330 1,743,310 1,798,590 1,724,460 1,575,960 1,521,240 1,527,240 1,465,680 1,414,790 1,304,170 1,230,330 1,170,260 971,889 883,494 835,860 816,929 889,280
Total current liabilities US$ in thousands 59,746 278,721 244,159 219,408 195,150 212,730 199,966 195,849 189,592 246,933 248,130 229,496 170,905 182,960 166,886 145,308 67,062 102,313 68,113 62,824
Working capital turnover 1.02 1.13 1.09 1.05 1.15 1.11 1.15 1.32 1.32 1.39 1.41 1.32 1.24 1.15 1.13 1.21 1.20 1.30 1.18 1.01

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,098,943K ÷ ($2,111,290K – $59,746K)
= 1.02

Green Brick Partners Inc's working capital turnover has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.01 on March 31, 2020, and generally trended upwards, reaching a peak of 1.41 on June 30, 2022. This indicates that the company was able to generate $1.41 in revenue for every dollar of working capital invested during that period.

However, there was a slight decline in the ratio in the subsequent quarters, with a slight recovery seen in December 31, 2022, and March 31, 2023. From June 30, 2023, to December 31, 2024, the working capital turnover ratio fluctuated between 1.02 and 1.15, indicating some variability in the company's efficiency in utilizing its working capital to generate sales.

Overall, the trend in Green Brick Partners Inc's working capital turnover suggests that the company has been relatively efficient in managing its working capital to support its revenue generation activities, albeit with some fluctuations in performance.