Lennar Corporation (LEN)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 357,412 | 336,923 | 660,725 | 662,138 | 642,593 | 617,901 | 510,816 | 490,201 | 475,711 | 472,581 | 5,547,840 | 10,060,598 | 14,194,941 | 17,740,760 | 18,074,780 | 18,238,500 | 18,537,740 | 18,023,390 | 17,622,690 | 17,465,940 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 29, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $357,412K ÷ $—K
= —
As there is no specific data provided for Lennar Corporation's payables turnover ratio in the table, a detailed analysis cannot be conducted. The payables turnover ratio is a financial metric that measures how efficiently a company manages its accounts payable by comparing its average accounts payable to its cost of goods sold. It indicates how many times a company pays off its accounts payable within a certain period.
To calculate the payables turnover ratio for Lennar Corporation, the formula would be:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Without the necessary data for cost of goods sold and average accounts payable over different time periods, it is not possible to compute or analyze Lennar Corporation's payables turnover ratio. This ratio is essential in evaluating a company's liquidity and efficiency in managing its payables, highlighting how quickly suppliers are being paid. It is typically compared to industry benchmarks and historical trends to assess performance and financial health.
Peer comparison
Feb 29, 2024