Lennar Corporation (LEN)
Cash conversion cycle
| Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 178.66 | 188.62 | 186.13 | 269.97 | 380.78 | 394.31 | 394.65 | 375.08 | 315.70 | 312.60 | 315.51 | 319.23 | 363.78 | 373.33 | 368.00 | 345.05 | 370.42 | 368.66 | 366.43 | 357.24 |
| Days of sales outstanding (DSO) | days | 16.27 | 15.17 | 15.63 | 17.00 | 16.11 | 15.84 | 13.39 | 9.47 | 9.20 | 6.72 | 6.01 | 7.30 | 7.61 | 6.20 | 5.94 | 6.59 | 5.28 | 5.28 | 4.70 | 4.85 |
| Number of days of payables | days | 19.84 | 27.62 | 25.16 | 24.45 | 32.99 | 33.21 | 30.98 | 33.34 | 24.65 | 24.52 | 21.75 | 24.07 | 24.73 | 26.29 | 23.61 | 24.36 | 23.86 | 23.44 | 21.48 | 21.90 |
| Cash conversion cycle | days | 175.09 | 176.17 | 176.61 | 262.53 | 363.90 | 376.94 | 377.06 | 351.21 | 300.25 | 294.80 | 299.77 | 302.46 | 346.66 | 353.25 | 350.34 | 327.28 | 351.84 | 350.49 | 349.65 | 340.20 |
August 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 178.66 + 16.27 – 19.84
= 175.09
Peer comparison
Aug 31, 2025
Company name
Symbol
Cash conversion cycle
Lennar Corporation
LEN
175.09
DR Horton Inc
DHI
336.11
KB Home
KBH
403.07
Toll Brothers Inc
TOL
452.66