Lennar Corporation (LEN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 35,055,880 | 34,233,380 | 23,265,225 | 23,470,055 | 23,783,605 | 23,496,695 | 31,930,210 | 29,937,180 | 28,008,720 | 27,130,670 | 25,523,000 | 24,451,850 | 23,308,980 | 22,488,850 | 22,634,490 | 22,621,300 | 22,896,820 | 22,259,560 | 21,747,240 | 21,562,750 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 29, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $35,055,880K ÷ $—K
= —
The receivables turnover ratio for Lennar Corporation has not been provided in the data table. This ratio is a measure of how efficiently the company is managing its accounts receivable by assessing how many times during a specific period the company collects its average accounts receivable balance.
A high receivables turnover ratio typically indicates that the company is efficient in collecting payments from its customers, while a low ratio may suggest issues with collecting payments or potentially offering lenient credit terms.
To provide a comprehensive analysis of Lennar Corporation's receivables turnover, it is necessary to calculate the ratio using the formula:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Without the specific data for net credit sales and average accounts receivable, a detailed analysis of the company's receivables turnover cannot be performed. It would be beneficial to obtain the missing data to evaluate the company's effectiveness in managing its receivables and collecting payments from customers.
Peer comparison
Feb 29, 2024