Green Brick Partners Inc (GRBK)

Operating return on assets (Operating ROA)

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
Operating income (ttm) US$ in thousands 355,105 326,221 324,160 357,552 352,982 364,828 332,387 272,280 227,690 187,457 168,539 129,771 122,370 109,987 90,925 80,686 69,966 69,171 66,203 69,272
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
Operating ROA 18.66% 17.48% 18.25% 20.95% 21.32% 22.01% 20.93% 17.81% 16.01% 13.91% 13.09% 12.02% 12.38% 11.64% 9.99% 8.27% 7.99% 7.99% 7.95% 8.74%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $355,105K ÷ $1,902,830K
= 18.66%

To analyze Green Brick Partners Inc's operating return on assets (operating ROA) based on the data provided, we observe that the operating ROA has fluctuated over the past eight quarters. The company's operating ROA ranged from 17.80% to 22.01% during this period.

In the most recent quarter, Q4 2023, the operating ROA was 18.67%, which was lower than the previous quarter's figure of 17.80% in Q3 2023. This indicates a slight decrease in the company's ability to generate operating income from its assets compared to the previous quarter.

Despite this recent decrease, it is worth noting that Green Brick Partners Inc has demonstrated relatively consistent performance in terms of operating ROA over the past two years. The company achieved its highest operating ROA of 22.01% in Q3 2022, and the lowest was 17.82% in Q1 2022.

Overall, Green Brick Partners Inc's operating ROA shows some variability in the short-term but has generally remained within a relatively stable range over the longer term. Further analysis and comparison with industry benchmarks may provide additional insights into the company's profitability and operational efficiency.