Lennar Corporation (LEN)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 29,359,500 | 29,459,400 | 29,583,100 |
| Total asset turnover | 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 | 0.76 | 0.74 | 0.73 |
February 29, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $35,055,880K ÷ $38,951,200K
= 0.90
The total asset turnover of Lennar Corporation has been fluctuating over the past few reporting periods. The ratio indicates how efficiently the company is using its assets to generate revenue.
From the data provided, we can see that the total asset turnover ratio ranged from 0.62 to 0.90 in the most recent reporting periods. A ratio below 1 suggests that the company is not generating enough revenue compared to its total assets.
The trend in the total asset turnover ratio shows variability, indicating changes in the company's asset utilization efficiency. It is important for Lennar Corporation to closely monitor and potentially improve this ratio over time to ensure optimal utilization of its assets and maximize revenue generation.
Peer comparison
Feb 29, 2024