Green Brick Partners Inc (GRBK)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 284,626 | 291,900 | 190,210 | 113,693 | 58,656 |
| Total assets | US$ in thousands | 1,902,830 | 1,655,680 | 1,421,870 | 988,847 | 875,539 |
| ROA | 14.96% | 17.63% | 13.38% | 11.50% | 6.70% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $284,626K ÷ $1,902,830K
= 14.96%
Green Brick Partners Inc's return on assets (ROA) has shown a positive trend over the past five years. The company's ROA was 6.70% in 2019, which has steadily increased to 14.81% by the end of 2023. This indicates that the company has been effectively utilizing its assets to generate profits and create value for its shareholders.
The significant improvement in ROA from 2019 to 2023 suggests that Green Brick Partners Inc has been able to enhance its operational efficiency and profitability. The consistent growth in ROA demonstrates the company's ability to generate higher returns relative to its asset base, reflecting effective management and utilization of resources.
Overall, the increasing trend in ROA for Green Brick Partners Inc signifies a positive financial performance and indicates the company's capability to generate profits from its assets efficiently and effectively over the years.
Peer comparison
Dec 31, 2023