Lennar Corporation (LEN)
Number of days of payables
Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
---|---|---|---|---|---|---|
Payables turnover | — | — | — | — | — | |
Number of days of payables | days | — | — | — | — | — |
November 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Lennar Corp. has fluctuated over the past five years. In 2023, the company took an average of 21.05 days to pay its suppliers, which was a slight improvement from the prior year when it took 22.29 days. The trend over the past five years indicates a relatively stable performance in managing payables, with 2021 and 2022 showing slightly higher payment periods compared to 2020 and 2019. This suggests that Lennar Corp. has been effectively managing its trade credit terms and payment schedules with its suppliers in recent years.
Peer comparison
Nov 30, 2023
Company name
Symbol
Number of days of payables
Lennar Corporation
LEN
—
Fortune Brands Innovations Inc.
FBIN
51.69
Installed Building Products Inc
IBP
23.87