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.
Peer comparison
Dec 31, 2024