Green Brick Partners Inc (GRBK)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,300,700	1,245,220	1,174,080	1,114,150	1,061,910	1,009,240	947,391	912,183	874,548	766,789	717,389	666,131	640,242	610,079	575,759	542,982	523,168	508,715	493,470	480,869
ROE		21.88%	21.45%	22.87%	26.43%	27.49%	29.71%	29.01%	24.76%	21.75%	20.35%	19.84%	18.58%	17.76%	16.44%	14.10%	11.41%	11.21%	11.03%	10.66%	11.03%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $284,626K ÷ $1,300,700K
= 21.88%

Green Brick Partners Inc's return on equity (ROE) has shown a declining trend over the past four quarters, starting at 27.22% in Q4 2022 and decreasing to 21.66% in Q4 2023. This downward trajectory suggests a potential deterioration in the company's ability to generate profit from shareholders' equity. However, it is noteworthy that the ROE figures are still relatively healthy, indicating that the company is efficiently utilizing its equity to generate profits. Further analysis and comparison with industry peers may provide more insights into the company's performance and competitiveness in the market.