Lennar Corporation (LEN)
Fixed asset turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 35,055,880 | 34,233,380 | 23,265,225 | 23,470,055 | 23,783,605 | 23,496,695 | 31,930,210 | 29,937,180 | 28,008,720 | 27,130,670 | 25,523,000 | 24,451,850 | 23,308,980 | 22,488,850 | 22,634,490 | 22,621,300 | 22,896,820 | 22,259,560 | 21,747,240 | 21,562,750 |
| Property, plant and equipment | US$ in thousands | — | 404,789 | 137,822 | 138,746 | 143,457 | 355,095 | 151,975 | 149,772 | 152,066 | 339,906 | 157,164 | 157,444 | 164,604 | 411,518 | 121,728 | 128,423 | 143,690 | 279,527 | 284,595 | 347,989 |
| Fixed asset turnover | — | 84.57 | 168.81 | 169.16 | 165.79 | 66.17 | 210.10 | 199.89 | 184.19 | 79.82 | 162.40 | 155.31 | 141.61 | 54.65 | 185.94 | 176.15 | 159.35 | 79.63 | 76.41 | 61.96 |
February 29, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $35,055,880K ÷ $—K
= —
Lennar Corporation's fixed asset turnover ratio has exhibited fluctuating trends over the past few quarters. The ratio measures the efficiency of the company in generating sales revenue relative to its investment in fixed assets.
In the most recent period, as of February 29, 2024, the fixed asset turnover stood at 84.57, which indicates that for every dollar invested in fixed assets, the company generated $84.57 in sales. This represents a significant increase compared to the previous quarter, although it is important to note that the ratio was not available for that period.
Looking at the historical data, there have been periods of both high and low fixed asset turnover ratios. For instance, in August 2022 and May 2022, the company achieved exceptionally high fixed asset turnover ratios of 210.10 and 199.89, respectively. These figures suggest that Lennar Corporation effectively utilized its fixed assets to drive sales during those periods.
However, there have also been instances of lower fixed asset turnover ratios, such as in November 2020 and February 2021, where the ratios were 54.65 and 54.65, respectively. These lower ratios may indicate potential inefficiencies in utilizing fixed assets to generate sales revenue during those periods.
Overall, while the fixed asset turnover ratios have displayed variability over time, investors and analysts should closely monitor this metric to assess the company's efficiency in utilizing its fixed assets effectively to drive sales and profitability.
Peer comparison
Feb 29, 2024