Lennar Corporation (LEN)
Cash conversion cycle
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 348.22 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 348.22 |
November 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle for Lennar Corporation has decreased significantly from 348.22 days as of November 30, 2020, to 0.00 days for the subsequent years up to November 30, 2024. This suggests that the company has been able to efficiently manage its working capital and convert its inventory and receivables into cash much quicker. A cash conversion cycle of 0.00 days indicates that the company is able to convert its investments in inventory and accounts receivable into cash almost instantly, which can have positive implications for its liquidity and financial performance.
Peer comparison
Nov 30, 2024
Company name
Symbol
Cash conversion cycle
Lennar Corporation
LEN
0.00
Fortune Brands Innovations Inc.
FBIN
79.84
Installed Building Products Inc
IBP
109.31