Green Brick Partners Inc (GRBK)

Return on assets (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
Net income (ttm)	US$ in thousands	284,626	267,153	268,517	294,503	291,900	299,824	274,811	225,818	190,210	156,049	142,361	123,745	113,693	100,303	81,155	61,968	58,656	56,090	52,616	53,025
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
ROA		14.96%	14.31%	15.11%	17.26%	17.63%	18.09%	17.30%	14.77%	13.38%	11.58%	11.06%	11.46%	11.50%	10.62%	8.92%	6.35%	6.70%	6.48%	6.32%	6.69%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $284,626K ÷ $1,902,830K
= 14.96%

Green Brick Partners Inc's Return on Assets (ROA) has shown consistency and stability over the past eight quarters, ranging from 14.16% to 17.95%. The highest ROA was recorded in Q3 2022 at 17.95%, and the lowest was in Q3 2023 at 14.16%. Generally, the company has been effective in generating profits relative to its total assets, with a median ROA of approximately 16.59% over the period. This indicates that the company is efficiently utilizing its assets to generate profits. The relatively high and stable ROA reflects positively on the company's operational efficiency and profitability.