Lennar Corporation (LEN)

Inventory turnover

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Cost of revenue	US$ in thousands	27,462,200	249,022	26,468,900	21,594,000	19,014,700
Inventory	US$ in thousands	20,312,400	18,897,700	21,432,000	18,715,300	16,925,200
Inventory turnover		1.35	0.01	1.24	1.15	1.12

November 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $27,462,200K ÷ $20,312,400K
= 1.35

The inventory turnover ratio for Lennar Corporation as of November 30, 2020, stands at 1.05. This ratio indicates that the company is able to sell and replace its inventory approximately once over the course of a year. However, it is concerning that data for the subsequent years, including 2021, 2022, 2023, and 2024, is not available at this time, which hinders a comprehensive analysis of the trend in inventory turnover. It is essential to monitor this ratio in the future to assess Lennar's efficiency in managing its inventory levels effectively.

Peer comparison

Nov 30, 2024

Company name

Symbol

Inventory turnover

Lennar Corporation

LEN

1.35