Lennar Corporation (LEN)
Total asset 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 |
| Total assets | US$ in thousands | 39,234,300 | 37,984,300 | 33,207,800 | 29,935,200 | 29,359,500 |
| Total asset turnover | 0.87 | 0.89 | 0.82 | 0.75 | 0.76 |
November 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $34,233,400K ÷ $39,234,300K
= 0.87
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. Lennar Corp.'s total asset turnover has fluctuated over the past five years, ranging from 0.75 to 0.89, indicating varying levels of asset utilization. The declining trend from 2022 to 2023 suggests a decrease in the efficiency of using its assets to generate sales. This may indicate a need for improved asset management or a reduction in asset base. Further analysis of the company's operations and asset structure is warranted to understand the reasons behind the fluctuation and to identify potential areas for improvement.
Peer comparison
Nov 30, 2023