Green Brick Partners Inc (GRBK)

Return on total capital

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
Earnings before interest and tax (EBIT) (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
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Return on total capital 27.30% 26.20% 27.61% 32.09% 33.24% 36.15% 35.08% 29.85% 26.04% 24.45% 23.49% 19.48% 19.11% 18.03% 15.79% 14.86% 13.37% 13.60% 13.42% 14.41%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $355,105K ÷ ($—K + $1,300,700K)
= 27.30%

Green Brick Partners Inc has maintained a healthy return on total capital over the recent quarters, with figures ranging from 21.94% to 26.91%. The company's ability to generate returns relative to the total capital employed in its operations has been consistent, showcasing efficient capital allocation and utilization. The slight decrease in Q3 2023 compared to previous quarters could indicate a potential need for further analysis to identify any underlying factors affecting the return on total capital. Overall, Green Brick Partners Inc's strong performance in terms of return on total capital demonstrates operational effectiveness and financial efficiency.