Lennar Corporation (LEN)
Total asset turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,441,500 | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 |
| Total assets | US$ in thousands | 41,312,800 | 39,234,300 | 37,984,300 | 33,207,800 | 29,935,200 |
| Total asset turnover | 0.86 | 0.87 | 0.89 | 0.82 | 0.75 |
November 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $35,441,500K ÷ $41,312,800K
= 0.86
Based on the data provided, Lennar Corporation's total asset turnover has shown a positive trend over the last five years, increasing from 0.75 in November 30, 2020, to 0.86 in November 30, 2024. This indicates that the company generated $0.86 in revenue for every $1 of assets it owned at the end of the fiscal year 2024.
The total asset turnover ratio measures the efficiency with which a company generates revenue from its assets. A higher ratio signifies that the company is effectively utilizing its assets to generate sales. Lennar's increasing total asset turnover may suggest improved operational efficiency and effective management of its assets over the years.
However, it is essential to consider other factors such as industry benchmarks and market conditions when assessing the significance of the total asset turnover ratio. Overall, the trend in Lennar Corporation's total asset turnover reflects positively on its asset management and revenue generation capabilities.
Peer comparison
Nov 30, 2024