Lennar Corporation (LEN)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
November 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $367,576K ÷ $—K
= —
The data provided shows that for the years ending November 30, 2020 to November 30, 2024, Lennar Corporation's payables turnover ratio is not available (marked as "—"). The payables turnover ratio is a financial metric used to assess how efficiently a company is managing its payments to suppliers. A higher payables turnover ratio typically indicates that the company is paying its suppliers more frequently, which may imply better liquidity management or favorable credit terms.
In this case, the absence of data for the payables turnover ratio over the specified period may suggest limitations in assessing Lennar Corporation's efficiency in managing its accounts payable. Further analysis or additional financial information would be required to evaluate the company's payment practices more accurately and to understand its working capital management.
Peer comparison
Nov 30, 2024