Lennar Corporation (LEN)

Cash conversion cycle

Nov 30, 2025 Nov 30, 2024 Nov 30, 2023 Nov 30, 2022 Nov 30, 2021
Days of inventory on hand (DOH) days 153.69 269.97 27,699.00 295.54 316.34
Days of sales outstanding (DSO) days 15.70 17.00 18.09 7.31 6.60
Number of days of payables days 23.52 24.45 2,391.20 22.29 22.33
Cash conversion cycle days 145.87 262.53 25,325.89 280.56 300.60

November 30, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 153.69 + 15.70 – 23.52
= 145.87