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 | 367,576 | 343,520 | 286,186 | 484,430 | 17,740,800 |
| Inventory | US$ in thousands | -18,599 | -37,500 | -33,563 | -11,849 | 16,925,200 |
| Inventory turnover | — | — | — | — | 1.05 |
November 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $367,576K ÷ $-18,599K
= —
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
—
Fortune Brands Innovations Inc.
FBIN
4.08
Installed Building Products Inc
IBP
14.89