Lennar Corporation (LEN)
Receivables turnover
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 | 22,259,600 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
November 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $34,233,400K ÷ $—K
= —
The receivables turnover ratio indicates the efficiency of a company in collecting its accounts receivable. A higher receivables turnover ratio suggests that the company is able to collect its outstanding receivables more quickly.
Looking at the data provided, Lennar Corp.'s receivables turnover has shown a slight decline in recent years, decreasing from 24.55 in 2019 to 20.18 in 2023. This declining trend may suggest that the company's efficiency in collecting receivables has decreased over the years.
A lower turnover ratio could indicate a slowdown in collections or potential issues with credit and collection policies. However, it is also important to consider industry benchmarks and compare with competitors' ratios to gain a clearer understanding of Lennar Corp.'s performance in this area.
Overall, it is essential for Lennar Corp. to closely monitor its receivables turnover and take necessary steps to improve efficiency in collecting outstanding receivables to ensure healthy cash flow and effective working capital management.
Peer comparison
Nov 30, 2023