Lennar Corporation (LEN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 34,720,000 | 35,565,100 | 34,979,720 | 34,323,740 | 27,327,808 | 15,729,042 | 15,931,042 | 7,924,978 | 8,727,074 | 30,893,040 | 24,114,220 | 25,526,734 | 26,173,660 | 5,836,560 | 4,863,734 | 4,421,662 | 3,482,201 | 3,203,830 | 3,011,854 | 2,887,338 |
| 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 |
| Operating ROA | 84.04% | 89.49% | 90.46% | 88.12% | 69.65% | 42.01% | 43.22% | 21.67% | 22.98% | 87.42% | 70.29% | 78.22% | 78.82% | 17.82% | 15.58% | 14.47% | 11.63% | 10.93% | 10.28% | 9.90% |
November 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $34,720,000K ÷ $41,312,800K
= 84.04%
Lennar Corporation's operating return on assets (operating ROA) has shown a fluctuating trend over the past few years. The operating ROA started around 9-10% in early 2020 and gradually increased to over 15% by mid-2021.
However, there was a significant anomaly in the operating ROA in November 2021, where it spiked to 78.82% before dropping to a more reasonable level in the following periods. This anomaly could be attributed to specific events, accounting adjustments, or irregularities in the financial statements during that period.
Subsequently, the operating ROA continued to fluctuate between 20% and 90% in the following periods, indicating a degree of volatility in the company's ability to generate profits from its assets.
Overall, while Lennar Corporation has shown improvements in its operating ROA over time, the fluctuating trend and anomalies in certain periods suggest the need for a closer examination of the company's operations and financial performance.
Peer comparison
Nov 30, 2024