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.