Lennar Corporation (LEN)
Total asset turnover
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 35,441,450 | 36,462,760 | 35,776,320 | 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 |
| Total assets | US$ in thousands | 41,312,800 | 39,741,000 | 38,667,700 | 38,951,200 | 39,234,300 | 37,438,100 | 36,857,700 | 36,573,200 | 37,984,300 | 35,339,900 | 34,306,200 | 32,635,300 | 33,207,800 | 32,744,200 | 31,223,200 | 30,552,000 | 29,935,200 | 29,315,300 | 29,309,000 | 29,173,700 |
| Total asset turnover | 0.86 | 0.92 | 0.93 | 0.90 | 0.87 | 0.62 | 0.64 | 0.65 | 0.62 | 0.90 | 0.87 | 0.86 | 0.82 | 0.78 | 0.78 | 0.76 | 0.75 | 0.77 | 0.77 | 0.78 |
November 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $35,441,450K ÷ $41,312,800K
= 0.86
The total asset turnover of Lennar Corporation has varied over the period from February 29, 2020, to November 30, 2024. The ratio ranged from a low of 0.62 to a high of 0.93 during this time frame. Generally, total asset turnover measures how efficiently a company is utilizing its assets to generate revenue.
Lennar's total asset turnover showed a decreasing trend from November 30, 2022, to May 31, 2023, dropping to 0.62 and then slightly increasing to 0.87 by November 30, 2023. This was followed by further improvements in the ratio, reaching a peak of 0.93 by May 31, 2024.
A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate revenue. Therefore, Lennar Corporation demonstrated an improvement in asset efficiency over the period up to May 31, 2024. This suggests positive performance in terms of asset utilization and revenue generation during this period.
Peer comparison
Nov 30, 2024